Mortgage rates are trending lower as traders are still trying to digest Friday's Job Numbers.  Was it low because business are not hiring or was it low because there are no workers.  I am of opinion of the latter, the US is at full employment, and thus wages are going to have to increase, thus inflation, and inflation is bad for Rates.  Today, we have Trump Tweeting about various items which is causing rates to decrease.  I am pretty cautious this week, as rates are in a position to break out and increase, but watch out on Trade Tweets.  Special note, we do get CPI or Consumer Price Index, which is gauge on inflation, all eyes will be focused on this report this week.

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