Florida Mortgage Rates – Special Report

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

Locking Stance:  LOCKING     Mortgage Bonds: -12bp

As I mentioned earlier, mortgage bonds are trading opposite what you would expect after this morning’s CPI release.  Bonds are now headed back below their 200-day moving average and that will send mortgage rates higher.

Now that the stock market is open, it is clear where mortgage bonds are headed, the direction I have talked about for a while.  So, now we have the third big report that could have sent Florida Mortgage Rates lower that has failed to do exactly that.

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