"This week's drop-off followed reports on consumer inflation and housing activity that were interpreted as noninflationary by investors. Like tea leaves or animal entrails, these economic reports could have been interpreted in many
ways. They could have been seen as harbingers of rising inflation and a rebounding housing sector. But that's not how bond investors saw them, and the result was falling bond yields and mortgage rates."
It will be interesting over the next couple of weeks to see what happens with these national rates. Many buyers are already on the fense to get into the market. It will be healthy for the market if money becomes easier to come by.