Florida Mortgage Rates – Morning Update

by Florida's #1 Mortgage Planner on June 9, 2008

Locking Stance:  LOCKING     Mortgage Bonds: -50bp

This week will likely see bonds return to their downward trend, and this morning’s news is helping push bonds lower.  Lehman reports a huge loss ($2.8B) and reports it is looking for another $6B, raising concerns about liquidity.  Bernanke is set to take center stage tonight as he talks about inflation, now that he has recognized it.

I will have out the Week in Review and Forecast for the Week posts in a little while, after I grab some breakfast out here in Las Vegas.

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