Florida Mortgage Rates – Special Report

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

Locking Stance:  LOCKING     Mortgage Bonds:  +6bp

It was too good to be true?  As I mentioned, for things to look solidly better, bonds would have to hold their ground, which appears to be in jeopardy at this point.  Bonds are off their highs of the day and in a position for a lender re-price for the worse for some, so locking is back in vogue.

Once again, bonds are below their 200-day moving average and may even drop below their 50-day moving average, so keep an eye open as what once looked very good now looks very bleak.  That’s volatility for you.

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