Note: Mortgage rates are tied to mortgage backed securities (bonds). A good index to follow is the 10 year U.S. Treasury Bond.
A rise in the price of the 10 yr. T-Bill will usually indicate lower mortgage rates. This market is very sensitive to any inflation in the
economy. If inflation is threatening to rise, usually, long term interst rates also rise. If you would like to keep track what is happening
with the Treasury Market check out the link below to cnnfn News, or check out the Daily Mortgage News Report.