Mortgage rates are moving higher this morning as prices of mortgage backed securities have been led lower. To remind readers, as the price of MBS move higher lenders can offer lower mortgage rates and as the price of MBS moves lower, lenders are pressured to offer higher interest rates. The only data...
More testimony from Fed Chairman Ben Bernanke , along with U.S. January existing home sales, are likely to dominate the day's economic events. However, the U.S. Department of Energy's weekly oil inventories and the U.S. Treasury selling $32 billion in five-year notes may also garner some attention...