Rates Up On Strong Housing Report

Mortgage rates are higher on a stronger than expected economic report and a stock market rally. Rates will increase by a half point over Thursday. February existing home sales showed an increase over January, while a decline was expected. This is the first bit of good news for the housing sector in a while, and is bad news for mortgage rates. Looking forward we'll get two most significant reports this week, the March Consumer Confidence Index tomorrow and Durable Goods Orders on Wednesday. Rates may be less volatile this week than last week, and the trend right now is for higher rates, but this of course could turn rapidly with unexpectedly weak CCI or Durable Goods data.

Start here to compare mortgage rates from top lenders in our network.»

More Top Stories »

Mortgage Rates Decline, but...

Mortgage rates continue to show slight declines, but look at it as a temporary trend or if you are a borrower a fleeting opportunity.

Mortgage Rates Stagnate

Mortgage rates continued to hold steady yesterday despite the expected report of steep declines in housing starts.

Housing Starts Today

Expect a brief early trading panic as housing starts are expected to be off on a 10% decline--returning to little or no change for the day.

Mortgage Rates Expected to Remain Quite

With a light week of economic reports expect a quite week in mortgage rates.

Expect Little Change in Mortgage Rates

A day full of economic reports, but little news expected that is not already priced into the mortgage rate market.

30 Year Mortgage Rate Remains Flat

Freddie Mac reports the average 30-yr mortgage rate was flat 6.52% for the 3rd week, in the latest report while the 15-yrs dropped to 6.07% from 6.10% and the average 1-yr adjustable rate dropped to 5.18% from 5.22% (Reuters)

Bonds Down and Stocks Down Today

Bonds were down Monday despite stock market losses. Rates should however improve today on strength in bonds from last Friday afternoon. Improvement should be no more than .125 to price.

Fed Holds Rates Unchanged at Conclusion of FOMC Meeting

The Fed held rates steady at the conclusion of its meeting today, citing in a post meeting statement that although the economy has slowed, the threat of inflation remains.

Compare Rates

National Rates

Loan Type Today
30 Year Fixed   6.20
15 Year Fixed   5.83
5/1 Adjustable   5.76

Get Your Rates »

Rates may contain points

Browse Mortgage Rates

Featured Guides

Browse our comprehensive guides to popular topics related to mortgage and personal finance.

100+ Calculators