Florida Mortgage Rates – Morning Update

by Florida's #1 Mortgage Planner on June 19, 2008

Locking Stance:  LOCKING     Mortgage Bonds:  -15bp

Mortgage bonds opened lower this morning, possibly signaling the end of the correction.  Only time will tell how true that is, but Initial Jobless Claims were lower than expected, providing yet another better than expected view of the overall economy.  Certainly not good news for bonds.

The bigger report of the day will be the Philadelphia Fed Index due out at 10am ET alongside the LEI.  I will get off another post with an update around midday to provide more insight as to where I think bonds will be headed from here.

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