Rates may continue to drop with political uncertainty

With the amount of political unrest and economic uncertainty in our economy and the recurring recession in Europe, I wouldn't be suprised to see mortgage rates drop a little further in the near term.  This is noticed in the jig saw results in our stock market and the over reaction of any economic report, good or bad.  The month of December will be a test of our economic resolve, federal governments ability to make decisions on new laws and regulations and our general stability as a nation.  Since the elections, it doesn't appear the markets are reacting with much confidence that these major issues will be resolved by the end of the year deadline.  Only time will tell.