Mortgage rates improved again today

Mortgages are following the 10 year into positive territory for the second straight trading day. Members of the Fed remain optimistic, and on the defensive about the results of "QE2", while the administration rolls out a proposed deficit expansion with the new budget. Congress will likely spend much time debating where to draw red lines in this proposed budget to address short term deficit reduction in an effort to slow down the record debt servicing levels that the country is heading towards. Demonstrations continue in Egypt, although much of the "tension" has subsided.