What will mortgage interest rates do tomorrow? Rates should stay the same, according to mortgage professionals voting on our daily poll.
Mortgage Backed Securities are trading at tight levels this morning, jumping up before retreating back to original levels. Durable Goods data was not strong enough to drive bonds in either direction. Mortgage rates are relatively static.
Yesterday's reports showed the Case Shiller Price Index rose 13.2% year-over-year in January, a bit lower than the 13.3% expected. Equifax reports that first mortgages were up 2.8% from one year ago, marking the largest gain since September 2008.
Look out for Thursday when we will see Initial Jobless Claims as well as the final reading of the Q4 GDP.
Recap: Existing Home Sales in February - 4.60 mln - were the lowest since July 2012. They haven't budged much from the last month's reading of 4.62 for January, however.
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Displaying rates for Mortgage Refinance in CA for $200,000
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