Mortgage interest rates have increased dramatically for the short term based on 1000 fewer jobless claims last week. Also, continued concern about inflation by the Fed has shifted more economists into the Fed rate increase camp by the end of the year. This has aided a rise in yeild on mortgage-backed bonds. We are no longer certain about a decrease in mortgage rates for the second half of 2007. Thank you for the opportunity to serve you and your clients. David.
