"Rates have been unable to improve because of clear technical barriers," says Bill Bodnar of the Mortgage Market Guide (MMG).

A Florida-based mortgage loan officer has been convicted of forging documents to show that clients were divorced or receiving child support. The charges carry a maximum of 90 years in prison. So reports Orlando-News.com.

Bill Bodnar of the Mortgage Market Guide explains how we're seeing bonds break away from key levels and the increasing chances that the Fed switches to cutting rates in the not-so-distant future.