Rate Update 2nd Friday in November, 2009

Mortgage rates are slightly better this morning.  Mortgage-backed bonds (MBSs) have now improved for 7 straight trading days.  Over that time 30 year fixed rates have dropped by about .25%.

Watch today’s you tube video to understand why.

Links to other financial news of the day:

Trade deficit widens, import prices rise at slower pace than expected

US Dollar Weakens….again

Current outlook: locking bias