Florida Mortgage Report – Special Report

by Florida's #1 Mortgage Planner on August 4, 2009

Locking Stance: LOCKING    Mortgage Bonds: –9bp

Well, I hate to admit when I am wrong, but my optimistic side got the better of me this time.  The negatives took over one the Pending Home Sales was released due to it coming in far better than expected (3.6% versus 0.1%) and MBS pricing had plummeted as a result and looks to break through their 25-day moving average and may even test their 50-day moving average.  This move, if they do not regain their strength, will certainly change the outlook of mortgage rates.

What does this mean for Florida Mortgage Rates?  Mortgage rates have changed course and are now on the rise.

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