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Mortgages Rates are somewhat improved today after holding relatively steady to begin the week. In the underlying markets MBS (the "mortgage-backed-securities" that most directly influence mortgage rates) rose to their best levels since last Thursday after today's Retail Sales figures showed slower than expected consumer spending. When MBS prices rise, interest rates fall (although it should be noted this isn't always a linear or immediate relationship, but it is generally true over time). Today's improvements bring rates near the more aggressive end of 3.875% Best-Execution levels in terms of borrowing costs, and some lenders are aggressively priced at 3.75% for pristine scenarios and higher loan amounts. (We explain even more about Best-Execution calculations in THIS POST ). European headlines...()