Market Update on rates – Yesterday Fed minutes were released. This put pressure on bonds and rates went up some..
In a nut shell.. No signs of inflation, and this could mean there is some weak spots in the economy.It’s hard to have so much stimulation this long and not have any pricing pressure..
It appears the Fed is still unsure how to respond to all these economic reports, the reports are constantly revised or not matching up. Good mortgage rate news the Fed is willing to still throw more money at stimulation if need be.