Here's a brief description of today's one-minute update of what happened yesterday with mortgage rates, housing and the economy:  Mortgage rates started moving lower this past week breaking a four-week trend of moving higher.  There are a number of factors that are going to continue to play into the direction of interest rates one of which is this is an election year. While the Federal Reserve is supposed to be politically neutral, they also don't want to be viewed as being unnecessarily aggressive by raising interest rates.    

NOTE TO LISTENER:  Each day, David Lykken produces a one-minute video, called “Today's Mortgage Minute” and it covers what happened with mortgage rates, housing and the economy and, time allowing, he will comment on what is on the economic calendar today that could move mortgage rates either up or down.  This short podcast is the audio version of the daily video known as Today’s Mortgage Minute that appears on hundreds of radio, television and newspaper websites across the United States and can be seen by millions of consumers each month.  David welcomes your feedback in the comment section below.