To Know Where Mortgage Rates Are Moving, Watch The Proper Indicators

If you're a first-time reader, here's the first thing you get to learn at The Mortgage Reports:Mortgage interest rates are determined by the price of mortgage bonds. Nothing else, nothing more. If mortgage bond prices are down, mortgage rates will be higher. If mortgage bond prices are up, mortgage rates will be lower.That's it. Pretty basic stuff. Except that mortgage bond pricing information is not very accessible to the general public. This includes the press. Because the mortgage-backed bond market...