For the Week Ending March 22, 2019


  • We could be entering a mini-refi boom. Since the start of the year, mortgage rates have been on a slow, steady decline.

  • The Fed did not raise policy rates at this month's FOMC meeting. Based on Fed projections, we likely won't see another Fed rate hike until 2020.

  • Now is the PERFECT time for your clients to refinance their mortgage! 

    • With mortgage rates today, there are refinance opportunities for all types of homeowners. The typical refinancing household will be able to save more than 30% annually on their mortgage. For some, you may be able to save even more.

    • Contact us if you have a client, a friend, or family member that has never refinanced or is interested in learning more about rates today! 

  • Jobless claims fell to 221,000 last week. That's a 4-week low, as the labor market tightens further following the 5-week government shutdown.


  • Home builders remain optimistic about the housing market as mortgage rates continue to fall. Lower rates can make mortgage payments more affordable.
  • Mortgage applications rose 1.6% over the previous week, helped by lower rates. The average loan size set a record for the 3rd week in a row, reaching $327,500.
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.