Florida Mortgage Rates – Morning Report

by Florida's #1 Mortgage Planner on November 28, 2008

Locking Stance:  LOCKING     Mortgage Bonds:  -22bp

I hope you all had a great turkey day and found plenty to be thankful for, including the lower rates that came about this week as a result of the Fed announcement.  The markets are open today, on what is called “Black Friday” as retailers get a large portion of their business for the season today.

As mortgage bonds got started this morning, they were down and have dropped even further, so I am going to switch back to a locking stance for now, until we can see how bonds start next week off as the data begins to flow again.  Next week, we will see if traders are still buying or if the Fed is left to be the “loan buyer”.

I will be in the air this afternoon, so this will likely be the only update today.  I will get a report off tonight or tomorrow about to recap the most recent events and where the markets closed out the week.

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