We ended the day strong yesterday in terms of the Mortgage Backed Security trading that drives mortgage rates.  Not all of that improvement was reflected in lender's rate sheets by the time business closed.

It will certainly be reflected today, and then some!  Owing to more weak economic data, mortgage rates are improving yet again this morning.  So far they are looking like they will get quite a nice bump.  Ben Bernanke is speaking before the Senate right now and sometimes surprising testimony can change market direction.  But we'd have to have a pretty big turn around for rates to be anything less than .125% better today and in some cases more!