Fed minutes showed concern about global economic weakness. Policy rate increase in April is unlikely.

	Recent economic reports show tepid growth, keeping inflation concerns at bay. Little or no inflation is good for mortgage rates.

	Labor market continues to show strength. Unemployment claims fell more than expected, slipping to 270,000.

	Smart home technology can make outdated homes more desirable. Nearly 1/2 of Americans surveyed either have or plan to install smart home tech this year.

	The recent dip in mortgage rates has helped move buyers off the fence. Purchase applications were 11% higher than the same week last year.

	Annual owner-occupied purchases were up 15.9% in 2015. The 3.74 million purchases were the most seen since 2007's 3.93 million.

Rate movements and volatility are based on published, aggregate national averages and measured from the previous to the most recent midweek daily reporting period. These rate trends can differ from our own and are subject to change at any time.