Florida Mortgage Rates – Morning Report

by Florida's #1 Mortgage Planner on September 23, 2008

Locking Stance:  LOCKING     Mortgage Bonds:  +25bp

More and more news about the massive bailout continues, and that includes ongoing changes to it, such as the Fed upping the amount minority investors can hold in banks (now up to 33%).  You can expect another volatile day with bonds up slightly, probably not much higher than they are now.

Chances are that bonds, now that they have broken support again, will not muster the strength needed to rally much.  That being said, in this environment, all it takes is some favorable response to news and that may not hold true.  The charts show continued weakness, with only a slight chance for improvement, so I am holding a locking stance.

I will be in the air much of today, but will get a mortgage rates report off while passing through Dallas on my way back to Miami.

Leave a Comment

Previous post:

Next post: