Economic News affecting today's mortgage rates

At 10am ET, the Institute of Supply Management (ISM) Index will be released and unless it is reported wildly out of range, it shouldn't have a big impact on prices.

Fed Chairman Ben Bernanke will be speaking at 11:00am ET on the topic of "Embracing the Challenge of Free Trade: Competing and Prospering in a Global Economy". We don't expect any surprising words from this speech, but should Big Ben get into a discussion on the recent inflationary data or economic conditions, you can bet Traders will be listening for something to trade on, especially on a slow news day like today.