Florida Mortgage Rates – Morning Report

by Florida's #1 Mortgage Planner on August 12, 2008

Locking Stance:  LOCKING     Mortgage Bonds:  +19bp

This morning’s only data was the Balance of Trade and it came in better than expected, which will place pressure on mortgage bonds.  Bonds are getting a boost, however, on news.

Looking at the charts, the future does not look bright for mortgage bonds, nor mortgage rates.  While bonds are higher, I suspect this move will be short lived and may have already run its full course.

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