Mortgage Rates are drifting a little lower, giving up some of yesterday’s gains thanks to year over year gains in wholesale or “Producer” inflation.

The Mortgage Bankers Association reports that mortgage rates rose in the latest week to levels not seen since February 2011.

I am recommending floating to start the day but be on guard for any sudden reversal in sentiment.

The meaning of Karma is intention. The intention behind the action is what matters.

-Bhagavad Gita

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