Florida Mortgage Rates – Morning Report

by Florida's #1 Mortgage Planner on August 11, 2008

Locking Stance:  LOCKING     Mortgage Bonds:  -9bp

I just posted this week’s Mortgage Market Update over at Lenderama, so go and check it out.  In the meantime, with no data scheduled for release, I am holding that locking stance as I said I would Friday.

While chart patterns paint a good short term picture, resistance is tough to break, hence why they call it resistance.  With mortgage bonds right up against their 25-day moving average, a resistance layer, they will need something to get them to break through and without data, that is not likely to happen today.

That does not mean they can’t do it later on some headline news, so I will maintain a constant watch as I always do, to bring you any additional information as it comes out.

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