What will Mortgage Rates do Monday? Mortgage professionals are voting in our daily poll.
Mortgage rates are at their highest levels in a week, since last week's post Non-Farm Payroll report rally. There was some volatility today, but mortgage rates seem determined to be continuing along their track of corrections over this last week. The economic data released today was rather light, consisting of the Import and Export Prices, as well as the Wholesale Inventories. Neither of which made much of an impact. Any moves today in the markets seemed to be spurred by movements in equities markets. Bond sales are light today as well, perhaps due to the fact that we are leading into a 3-day weekend. We can continue to see the bond markets following the equities markets in the short term. Check back next week to get more up-to-date mortgage news.
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