Mortgage rates are essentially unchanged today.
Worse than expected economic news out of Europe is helping the US dollar rally versus other currencies right now. A stronger US dollar has an anti-inflationary impact because it effectively makes the foreign imports we purchase less expensive.
From a technical standpoint mortgage-backed bonds are trading in between the 50 & 100-day moving averages. We remain in a floating position but will have to watch the bond market closely over the next few days.