Mortgage rates held steady

as mortgage bond prices fell off in early trading, but have since shown some recovery. Profit taking and a stronger housing outlook seem to be the culprit as the economic news seems to be on the positive side today. Wholesale inventories are up, along with the PPI. All are inflationary signs which are bad for bonds. This does not affect the fed's closely watched "core" inflation rate, but it does affect us consumers on our trips to the grocery store. Fed minutes to follow. Stay tuned.