To use the word "drift" in conjunction with the mortgage market the past
week would be suggesting too much energy in mortgage rates
and in the market.
..."Recent economic data releases showing weaker existing home sales in
March, coupled with lower consumer confidence in April, caused the market
to pause and reevaluate the potential growth of the economy this year,"
said Frank Nothaft, Freddie Mac vice president and chief
economist. "This allowed all mortgage rates..."
Read More Now