Mortgage Rates 3-17-14

By Stevie Duffin Updated on 3/17/2014

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

This week will see more compelling economic data than last, positioning geopolitical tension at a lower tier for investor concern. Crimea has voted to join Russia and President Obama has stated that the U.S. cannot support or recognize the motion. Despite this news, bonds saw little gains, and mortgage rates are static or down. 

Watch out for FOMC rate decision this Wednesday at 2PM ET, Initial Jobless Claims Thursday at 8:30 AM ET and Existing Home Sales Thursday at 10AM ET. 

Recap: 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.

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• 30 year (FRM) rates at 4.39% (-0.01).
• 15 year (FRM) rates at 3.42% (+/-0.00).
• FHA 30 year Fixed rates at 4.00%. (+/-0.00).
• Jumbo 30 year Fixed rates at 4.24% (+/-0.00).
• 5/1 ARM rates at 3.23% (-0.02).