Although lender's adjusted mortgage loan pricing by a few basis points yesterday, for the most part mortgage rates were unchanged as the bond market failed to make much progress in either direction. In the absence of economic data and noteworthy events, it was a pretty boring session yesterday. Both benchmark Treasury yields and mortgage-backed securities prices did however manage to make marginal improvements, perhaps I should say they didn't get worse instead as gains were minimal. Slightly improved is better than slightly worse though right? The economic calendar is once again light today with the only significant data being the International Trade report. This data reports on the difference between the dollar amount of what our nation imports and the dollar amount of what our nation...(read more)

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