Mortgage  rates today, March 16, 2015.

All you need is just a little patience. Or so the markets hope to hear Yellen signing that after the next 2 day Fed meeting.  Mortgage Backed Securities are just trying to poke though the 100 day moving average, but everything this week takes a back seat to what the Fed says.  The keyword is patience and that has been part of the Fed vocabulary for quite some time.  Should that word be removed from their policy speak you could see a negative reaction in the markets and a jump in rates as the market would interpret it as a hint of a rate hike in June.  Unless you have the inside track from one of the members of the Federal Reserve I would suggest you locking in ahead of some potential volatility.