Mortgage rates improved today

Mortgage bonds are shrugging off some generally positive economic news, and have shown steady improvement since late December. Post holiday retail sales have improved over last year which is helping the economy to look less hobbled along with stronger factory orders in November. The 10 year yield is hovering right around the 3.32 mark in light trading following the recent issuance of corporate debt. Fed minutes, ABC confidence and auto sales are on tap for later in the day. These numbers may have an impact on rates, depending on how they come in.