Florida Mortgage Rates – Morning Report

by Florida's #1 Mortgage Planner on September 24, 2008

Locking Stance:  LOCKING     Mortgage Bonds:  +12bp

Mortgage bonds are again up slightly today, but are already off their highs and I don’t expect much from them again today.  You can expect more bailout details, possibly even more bailouts themselves, to be announced today as the saga continues without end.

As far as data goes, we will see Existing Home Sales and Crude inventories today, neither one normally making much of an impact on the market.  Since traders are dazed and confused over all of the bailouts flowing freely from Bernanke and Paulson, data may as well be non-existant as likely nobody will even be paying attention to them.

As for today, the charts still point to the down side overall, and you may as well just lock the loans and turn off the TV so you can get away from the dizziness from all of the spins being created.

Leave a Comment

Previous post:

Next post: