Today's Consumer Confidence Report is important to the direction of rates.  If the number is better than 100, consumers are more confident.  However, a number below 100 means consumers are concerned about the economy.  A number above 100 pushed rates higher and a number below 100 helps keep rates lower.

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.