Rates creeped up this week on good economic news. The jobless claims for the week were down 6000 to 247,000. March existing home sales were up 5.1%, yet building permits dropped 7.7&% and housing starts were 8.7% lower. Some would say this is bad news for the economy, but with lack of inventory comes higher prices. So those cancel the effects out.
Changing Rates Equals Good Economic News
