Florida Mortgage Rates – Morning Report

by Florida's #1 Mortgage Planner on August 18, 2008

Locking Stance:  LOCKING     Mortgage Bonds:  0bp

It is still about an hour before the market opens, but again I find myself in my other office today, so here is what I am expecting for now.

Bonds rallied Friday despite CPI reaching the highest in 17 years.  There is no data to present itself today that will change that effect, but news can easily sway bonds as the day progresses. 

Technically, bonds have broken above their 25-day moving average which is a good thing, if they can hold on.  There are some concerns when looking at the charts and they still show an overall negative picture at the moment.  My next report will be about midday, so I can inform you exactly what is going then, while passing through San Juan, PR. 

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