Mortgage Rates today, March 25, 2015.

Sunshine and Puppy Dogs. Just as the last mini refi boom is finishing up, Mortgage Backed Securities are trying to give us another.  You can see the nice channel upward that we are traveling in, we have a slight pullback this morning, but temporary pullbacks on the journey up are to be expected.  The durable good order this morning was pretty weak and with oil inventories at close to record all-time highs, we could see some more price improvement in MBS as oil will probably drift lower and the bond markets have been responding with lower yields.  I’m still advising locking, rates are just too good not to.