Rates Down On Weak Economic Reports

Mortgage rates are down slightly on weaker than expected economic news. Rates should improve by .25 to price. Durable Goods Orders dropped to a level much lower than expected in February. This supports a weakening economy and helped rates drop this morning. February New Home Sales were higher than expected, and also include a higher revision to January's data. This is typically bad news for rates as it shows an improvement in the housing market. It did not affect rates, as overall with the upward adjustment from January it brought data inline with what was originally expected. The next significant data comes on Friday: the Personal Income and Outlays reports which measures consumer spending, and the revision of the March Consumer Sentiment Index, which attempts to measure consumer economic confidence.

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

More Top Stories »

Rates Flat Despite Productivity Gains

Rates were flat today despite better than expected economic news. Retail rates should be unchanged to slightly higher over yesterday, due to yesterday afternoon weakness in bonds.

Bonds Increase, Fannie Mae Lending Power Enhanced

Treasury bonds increased further today, on rebounding stocks. Fannie Mae the largest US Mortgage company, posted a larger than expected quarterly loss.

Quiet Week Ahead For Rates?

onds were relatively calm today despite a drop in the stock market. Rates may edge up about .125 to price today.

Rates Jump on Strong Employment Report

Bonds were sharply down and rates increased following stronger than expected jobs data, signifying renewed concerns about inflation.

Rates Down In Anticipation of Employment Report

Interest rate markets were up today despite the release of stronger than expected economic data.

Fed Cuts Rates .25%

The Federal Reserve announced today it would cut key short term interest rates by a quarter of a percentage point.

Rates Down Despite Weaker Than Expected Economic Reports

Bonds were up, rates were down today despite stronger than expected data. Retail mortgage rates dropped about .375 to price.

Rates Flat in Anticipation of Weeks Data

Rates were unchanged today and the bond market flat with no economic news released and the stock market calm as well.

Compare Rates

National Rates

Loan Type Today
30 Year Fixed   5.44
15 Year Fixed   5.01
5/1 Adjustable   5.10

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