Mortgage rates added a second day of improvement to yesterday’s more tentative gains, falling just slightly faster than any other day this month. While the improvements scarcely make a dent in the recently severe collection of losses, they’re part of the consolidation that would necessarily precede any attempt to bounce back. The question remains whether or not such a bounce back is in the cards, and that may not get a fully informed answer until next week. That doesn’t mean we can’t improve in the short term, however, and today is evidence of that as 30yr Fixed best-execution fell out of 4.75’s reach and is once again centered on 4.625%. Click here to read more