Mortgage rates were little changed Monday as trading volume returned to normal levels following the holidays. The Fed began purchasing mortgage-backed securities (MBS) today in an effort to push rates lower. They have announced plans to purchase up to $500 billion in MBS’s from Fannie Mae and Freddie Mac over the next six months. In economic news, Construction Spending fell 0.6%, less than forecast. Stocks were modestly lower. The dollar rose on speculation over the large stimulus package being considered by the Obama Administration.