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Forecast for the week of March 22, 2021

Please enjoy this complimentary mortgage rate forecast provided to keep you informed of where interest rates may be headed, and to help you gain the advantage when securing low rates and payments.

Last Week's Mortgage Rate Recap:

Rates were slightly worse

Average mortgage rates ended last week slightly worse, as rates continued to move towards pre-pandemic levels. It should be noted though that rates are still near record lows, and it is still a great time to buy a home or refinance.

This Week's Mortgage Rate Forecast:

Rates likely to hold near current levels

Average mortgage rates have been trending higher over recent weeks, but this week we have a good chance at seeing a break in that trend. Although rates and rebate pricing (the credit you get towards closing costs from your lender, or the fee you pay to get a lower rate, often called 'points') will likely move from day-to-day, we could see rates settle in after a couple of weeks of worsening.

What's affecting rates this week:

• Fed speakers: Fed members will be speaking throughout the week, including Fed Chair Jerome Powell, and we could see markets react if anything new is said or shared.
• Economic data: This week includes some Treasury auctions, which sparked rates rising about a month ago. Friday we get inflation data, and could see some market reaction.
• Market sentiment: Concerns about inflation and an overheating economy continue to put pressure on mortgage rates.

If you would like to discuss interest rates further or find out the benefits of locking your rate today, please contact your mortgage professional at or .

Interest Rate Forecast and Commentary provided by:

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