Florida Mortgage Rates – Morning Report

by Florida's #1 Mortgage Planner on July 20, 2009

Locking Stance: LOCKING    Mortgage Bonds: –19bp

Mortgage backed securities remained below their 200-day moving average as they closed the week out, certainly not painting a good picture for the future of mortgage rates.  This week is very light on economic data, though we will see the Leading Indicators released around 10am. 

If you take a look at my weekly Mortgage Market Update at Lenderama, I break down the way mortgage rates will likely go for the foreseeable future, so I recommend reading it when you get a chance.  The bottom line is with MBS pricing falling through key levels of support, the overall outlook for mortgage rates is now favoring higher mortgage rates and there will not be much to change that.

What does this mean for Florida Mortgage Rates?  Mortgage rates remain on the rise and will likely do so for the foreseeable future.

Leave a Comment

Previous post:

Next post: