Mortgage Market Insight Monday March 26th

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We had a good read. For the benefit of yourself. Be sure to read to the end. I want you to get good knowledge from Mortgage Rates Forecast . Morning Economic News: Pending Home sales were disappointing -0.5% vs forecast of 1.0% last report was 2.0%. Market Emotion: Equities are up this morning after Bernanke's speech on recent improved jobs reports...and also gave hopes that interest rates would stay low for an extended period. Be wary bonds are struggling if we can close above 102.20 that would maintain our current trading range best would be closing above 102.40. Tomorrow Consumer Confidence (high impact expected)and Richmond Fed Manufacturing (low impact expected). Have a great day!

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