Mortgage markets worsened last week as investors responded to a recovering global economy.

Despite briefly touching their lowest levels since May, mortgage rates ended the week dramatically higher.

It's the second straight week that rates soared on a Friday.

For several months, Wall Street has been in limbo; undecided whether the economy is truly showing signs of improvement. Negative news has tended to sink rates while positive news has tended to do the opposite.

Lately, investors have been in search of signals anywhere signals can be found.  Last week -- sans hard-hitting economic data -- those signals came from the worlds' Central Banks.

Shortly after Australia raised its interest rates by one-quarter percent, Fed Chairman Ben Bernanke suggested that........

Read the COMPLETE BLOG POST HERE:

What's Ahead For Mortgage Rates This Week : October 13, 2009

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Chris is Florida's #1 FHA Mortgage Broker and a syndicated mortgage blogger. He is regular contributor to the three leading industry blog-fronts including The Mortgage Chili Blog, My FHA Mortgage Blog, Top of Mind Networks, and proudly the newest contributor to Lenderama.

Chris can be found at
Orlando FHA Loans,
Chris[at]OrlandoMortgagePro[dot]com,
or by calling 407.377.0500 x 210