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Tuesday’s bond market has opened flat despite early stock weakness. The stock markets are showing relatively minor losses with the Dow down 45 points and the Nasdaq down 2 points. The bond market is currently nearly unchanged from yesterday’s close, but we will likely see an improvement in today’s Florida mortgage rates of approximately .125 of a discount point due to strength late yesterday.
The stock markets are reacting to a rash of earnings news and concerns about overseas issues, particularly Greece. The ea
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Friday’s bond market initially opened in negative territory following this morning’s major economic news. The stock markets first reacted positive to the data, sending bonds lower. However, since then, the major stock indexes have fallen and bonds have recovered their earlier losses. The Dow is currently down 135 points while the Nasdaq has lost 31 points. The
Florida mortgage rates for 30-year fixed-rate mortgages dropped 2 basis points from 4.05% to 4.03% on Wednesday. State mortgage rates ranged from the lowest rate of 3.88% (MT, NH) to the highest rate of 4.25% (HI). Currently, Florida mortgage rates are 1 basis point higher than the national average of 4.02%. The Florida mortgage rate on August 17, 2011, is down 5 basis points from last weeks average Florida rate of 4.08%.
Florida mortgage rates quoted above are for the best borrowers and typically include points.
Find out what Florida mortgage rates you qualify for instantly without providing personal information or a SSN.