Rate Update

Mortgage rates have dropped a little today. However, breaking news that the Securities and Exchange Commission is charging Goldman Sachs with fraud on subprime mortgages is giving Bonds another lift.


In other news, Housing Starts for March came in higher than estimated and at the highest level since November 2008. Building Permits also came in higher. Despite the good news, Consumer Sentiment was reported below expectations, due to ongoing concerns over the job market.

I reccommend floating today, have a great weekend.