Rate Update

"Mortgage rates are down today after some mixed economic reports this morning.

In the news, the Producer Price Index, which measures inflation at the wholesale level, was tame for the month of April. In other reports, Housing Starts in April rose above expectations to the highest level since October 2008, while Building Permits fell short of expectations. Although the overall data on housing is still mixed, this represents a good time for long-term investment in the housing market.

For now, I recommend floating.