Florida Mortgage Rates – Special Report

by Florida's #1 Mortgage Planner on July 22, 2008

Locking Stance:  LOCKING     Mortgage Bonds:  -19bp

Well, bonds had a brief up movement only to be clobbered by reality again and are once again crashing down.  Inflationary fears continue to rule the markets and are not even allowing the correction to take place right now, despite its efforts.

What happened?  Plosser, talked about inflation and how the Fed needs to start raising rates "sooner rather than later."  That is all it took as a mere mention of "inflation" and the markets react. 

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