Florida Mortgage Rates – Special Report

by Florida's #1 Mortgage Planner on September 11, 2008

Locking Stance:  LOCKING     Mortgage Bonds:  -6bp

Mortgage bonds have turned upside down and are now down considerably from this morning’s run.  Apparently, more correction is needed and brings into question just how favorable tomorrow’s Retail Sales report will be.

With stocks down, favorable news this morning, and mortgage backed securities still dropping, it just doesn’t look good, for today at least.  Time will tell if they can muster some strength, but for now I am back to locking loans.

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