I am usually very good as watching and predicting the direction of mortgage interest rates on a week to week basis. I pride myself in informing clients when to lock and am usually good at it. This is the only time I feel my Master in Finance is put to good use.

     Last week I had a panic attack as I watched the bond yields go up, thinking that interest rates would rise.Friday, however, brought some news on the economy that I knew would bring mortgage rates down again.Today, the mortgage interest rates will start the downward trend for the week.

     The bad news that is always good for us is: slowdown in the economy, downturn in the housing market, increase in gas prices and weakness in consumer confidence.Yahoo for Chicken Little!!

– Dale Siegel