Mortgage Rates Remain Victim of Volatility. More on Appraisal Issues...

"Weaker than expected economic data on the services sector of our economy lead to a brief rally in mortgage backed securities yesterday. However, as the day progressed however, ever-resilient stocks rallied off their morning lows leading MBS to close at their lowest levels since early July. A few lenders issued rate sheets while MBS were moving higher in the morning but once sentiment shifted, they quickly repriced for the worse."