Oil prices are moving lower this morning, stocks are pushing higher, and mortgage rates are seeing some modest improvement as markets react to a more stable tone.

On the geopolitical front, Pakistan has requested that the current ceasefire be extended indefinitely while negotiations continue. That development is helping ease some of the recent uncertainty, giving markets a bit of breathing room and supporting the slight improvement we’re seeing in rates.

Pending Home Sales rose 1.5% in March, stronger than the expected 0.5%. This is encouraging news to see two consecutive months of higher than expected sales.

Kevin Warsh held his own at the Senate confirmation hearing for the new Fed President. Warsh sounded smart, polished and ready to lead the Fed.

Its a new day, lets get to getting.

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