Florida Mortgage Rates – Morning Report

by Florida's #1 Mortgage Planner on October 20, 2008

Locking Stance:  CAUTIOUSLY FLOATING     Mortgage Bonds:  +9bp

Well, I am back to normal reporting this morning, albeit a little behind schedule.  Last week saw the retracement begin, and this week will likely see it end. Mortgage bonds are already off their highs, but that doesn’t mean their climb will end today.

I posted the weekly Mortgage Market Update over at Lenderama, so take a moment to check it out and read more about what I see for the future of mortgage rates.  In the meantime, no major data is slated for release today, just the LEI at 10:00, so news and technicals will be the players.  Stocks are just about to open and their moves may help or hurt bonds as well.

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