Florida Mortgage Rates – Morning Report

by Florida's #1 Mortgage Planner on July 29, 2008

Locking Stance:  LOCKING     Mortgage Bonds:  -22bp

Mortgage bonds again gapped down, this time 22 basis points, so today’s direction is still up in the air.  It does appear today that stocks will gain, which means bonds will lose.

Data starts flowing today with the Consumer Confidence report.  While not a major player normally, anything can happen these days as we have seen in recent past.  Looking at the charts, yesterdays high was lower than the last one, so it appears that the downtrend may resume despite yesterday’s “pop.”

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