Over the past 45 years, interest rates on the 30-year fixed-rate mortgage have ranged from as high as 18.63% in 1981 to as low as 3.31% in 2012.
Good economic news tends to be bad for mortgage rates because a strong economy raises fears about inflation. Inflation causes fixed-income investments such as bonds to lose value, and that causes their yields to rise. ... Mortgage rates generally track the same path as long-term bond yields.
Please see the Daily Rate Lock Advisory
http://www.bainmortgage.com/DailyRateLockAdvisory
& Weekly Mortgage Market News Letter Dana Bain
http://www.bainmortgage.com/MortgageMarketWeekInReview