Florida Mortgage Rates – Special Report

by Florida's #1 Mortgage Planner on May 22, 2009

Locking Stance: LOCKING   Mortgage Bonds: +19bp

Mortgage backed securities are tanking once again and it looks like the 100-day moving average will solidify as overhead resistance.  That is bad news for mortgage rates, though we are within the boundaries of a trading range and have room to drop and still hold that range.

What does this mean for Florida Mortgage Rates?  It appears mortgage rates will rise again slightly today, though the outlook may remain with mortgage rates holding in their “trading range”.

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