Mortgage rates inched lower again yesterday, hitting their best levels since July. The day was quiet, with the Jobless Claims Report arriving in line with expectations. Overnight 10-year notes remained unchanged as investors continue to debate whether the U.S. economy is robust enough for the Fed to start tapering their bond purchases. Don’t let the light economic news fool you, today could be the most volatile day of the week. With no economic news or events, trade participation will most likely be light and it will take very little conviction to move the market. Next week economist predict reports will show inventories and retail sales rose, backing the claims case that stimulus reduction is still a possibility in 2013.
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