Mortgage Rates Report: October 17, 2007

Recommendation Change:       It's time to start floating those loans!  We should be watching mortgage rates drop lower these next 3-7 days. 

Do not lock in your mortgage rate at application; lower rates may be here next week. 

Two big numbers came out today:

1- Core CPI- That's the inflation number without the oil and food prices figured in, was lower than expected.  This means that prices of goods and services are feeling the pinch of higher oil and food prices

FULL REPORT