Mortgage Rates Predictions

  June 13, 2008 | Mortgage Rates are headed down…

PPI comes in red hot with Food and Fuel prices pushing inflation.  The Core PPI hit expectations and held onto the 3% year over year gains.  Inflation with no hope of the Fed bailing out investors should help push bond prices higher as investors move to a flight to quality in Mortgage Backed Securities.  Mortgage Bonds have hit a floor of support and bounced Monday and Friday off.  This usually signals a reversal.