Mortgage Rates

This morning the bond markets are holding their gains and mortgage lenders are CAUTIOUSLY improving pricing.

Improvements always come more slowly than worsening prices.

I've been pricing some 30 year fixed rates at 5.5% but I only have that available with one investor.  Most of the market is at 5.625%.

Where are we going from here?

Honestly, there are WAY too many unknowns that this market faces on a daily basis.  Predicting more than 24 hours out is hard enough, let alone trying to predict investors moods after a 3 day holiday weekend.

So far though......I don't see a technical breakdown, yet.