Florida Mortgage Rates – Morning Report

by Florida's #1 Mortgage Planner on August 26, 2008

Locking Stance:  CAUTIOUSLY FLOATING     Mortgage Bonds:  -6bp

Mortgage bonds are inching down slightly out of the starting gate, but they are far from being down significantly.  Data to be released in just over an hour will give more insight into the status of the housing market, but the main event for today will be the release of the FOMC Minutes. 

The FOMC Minutes are due out at 2pm ET and could shake the markets for better or worse.  This release provides an inside look at what the Fed was thinking during their last rate decision.  They could be hinting uncertainty around inflation or increased concerns about the economy, or both.  Check back here this afternoon to see how the markets are reacting to that, and the housing data.

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