Florida Mortgage Rates – Morning Report

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

Locking Stance:  CAUTIOUSLY FLOATING     Mortgage Bonds:  +12bp

Mortgage bonds got some good news this morning as Initial Jobless Claims were worse than expected, though not by much.  Additionally, the Balance of Trade was much worse than expected.  These reports are not typically major players in the markets, but their data should help keep mortgage bonds alive today.

Speaking of data, don’t forget that tomorrow holds some key data, namely the Retail Sales report.  With the stimulus checks coming to an end, we can expect this number to be a little worse than expected.  Additionally, PPI is released tomorrow and that will be the first of the inflation related data streams to come out this month.

If you haven’t already, don’t forget to read the 9/11 Memorial post just below this one.  Never forget!!

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