Mortgage Rates 3-13-14

By Stevie Duffin Updated on 3/13/2014

What will mortgage interest rates do tomorrow? Rates should stay the same, according to mortgage professionals voting on our daily poll.

Mortgage bonds were trading near key technical support levels this morning. Good news from the housing, retail and labor sectors leveled bond investing, and mortgage rates are down. 

RealtyTrac reports that February foreclosure filings dropped by 10% from January. Even more impressive is the 27% year-over-year drop in foreclosure filings. The greatest number of filings were found in Nevada, New Jersey, Florida, Illinois and Maryland. 

Recap: The Mortgage Bankers Association's Market Composite Index indicated that total loan applications fell by 2.1% in the latest week. The previous week saw a 9.4% jump. The refinance index dropped by 3% and the purchase index crawled up to 1%.

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• 30 year (FRM) rates at 4.47% (-0.03).
• 15 year (FRM) rates at 3.48% (-0.03).
• FHA 30 year Fixed rates at 4.00%. (+/-0.00).
• Jumbo 30 year Fixed rates at 4.31% (-0.04).
• 5/1 ARM rates at 3.22% (-0.03).