Mortgage bonds prices remain positive this morning helping rates improve.
The market remains volatile following the extended holiday weekend. Fortunately it currently remains in our favor.
Oil prices fell near $72/barrel as the Euro was weaker and stock futures fell. Falling energy prices generally enable mortgage interest rates to fall in that inflation fears are somewhat alleviated.
ISM Index @ 59.7, expected @ 58.9. The initial reaction was slightly negative for bonds and helped stocks bounce back a bit. The DOW is currently down 2 points.
Carlos Figueira - Keypoint Mortgage 