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today, mortgage rates are still higher than the government's "ideal" sub-5 percent level, but Wall Street isn't worrying about inflation as much. Data has improved in a lot of sectors, but it can't necessarily be categorized as "strong". Plus, gas prices are falling. Both of these developments are making a positive impact on mortgage rates and should continue to pressure rates lower over the next few weeks. All of that said, however, all it takes is one shock to the system and mortgage rates will blow right past 6 percent and won't look back.
