Mortgage interest rates are heading a bit lower this week. They have dropped a bit, thanks to US nonfarm payroll data on Friday, as well as a bit of loosening on the credit market. Mortgage interest rates are now moving in a direction that puts them closer to their movements with bond prices. Originator Times reports on mortgage interest rates and bond prices:

On a
technical note, bonds are trading close to the bottom of their current
trading floor, so if the continue to rise throughout the week rates
will likely move lower.  Remember, as bond prices move higher rates
move lower.