Florida Mortgage Rates – Morning Report

by Florida's #1 Mortgage Planner on July 1, 2008

Locking Stance:  CAUTIOUSLY FLOATING     Mortgage Bonds:  +9bp

Mortgage bonds are still holding above their 25-day moving average and appear to be breaking the downtrend.  They are, however, hitting resistance and may not be able to break it, even with stocks under pressure today.

The big data release of the day will be this morning’s ISM Index at 10:00am.  I am holding my cautiously floating stance until at least then.

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