Florida mortgage rates have been consistantly rising the past three weeks.
The main reason for the increase is the decline in the unemployment rate, consumer confidence and the unrest in Egypt. Investors have been pulling out of bonds and moving into more risky assets like stocks. This has caused mortgage rates to increase. I expect mortgage rates to fluctuate throughout the entire year of 2011. I have been advising clients to float their Florida mortgage rate today.
The past two weeks I have been encouraging my clients to lock their Florida mortgage rates. Good luck with you loans and I wish each and every borrower a great day !
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