Mortgage Rates and Applications

For the week ending March 19, mortgage applications were mixed, according to Courtney Schlisserman of Bloomberg News.  Refinance applications were down 7.1% for the week, although purchase loan applications were up 2.7%.  The overall average was down by 7.1%

Brian Louis (also from Bloomberg) said that rates ending March 18 rose to 4.99 percent on a 30 year fixed, up from 4.96 percent the week before according to a statement released by Freddie Mac.  The average on a 15 year fixed was 4.34 percent.

UPDATE:  The auction for 10yr Treasuries was STELLAR!!  This will be good news for rates.  Per CNBC:


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