Mortgage rates started much of the same way they ended the previous week: recovering. No specific economic release or headline news event can be given credit for the recent rates recovery rally. Others believe supportive interest rate policy rhetoric and anti-inflation comments from Federal Reserve officials have been the source of strength.

Of course there is the explanation that interest rates sold off too far, too fast…and are now only correcting. A case can be made for every argument. Either way you benefit from the rally, as more homes will be sold. ?EUR??,,????'?????<