Current Mortgage Rates are increasing

mortgage rates increased by .25% compared with the same cost structure just 1 day earlier. Ben Bernanke's testimony on the state of the economy, inflation, and qe3 shifted market focus. As a result investors pulled money out of safer investments like treasury notes and mortgage backed securities. The sell off in the mortgage backed securities market increased yields, and thus mortgage rates.

Read more about the mortgage backed securites markets and how they impact current mortgage rates at http://www.current-mortgage-rates.net