The humble market update.

Think of this as your cheat sheet for what happened in the mortgage world today!

Key Rate Info for March 31, 2025:

30-Year Fixed: 6.74% (-0.02%)
15-Year Fixed: 6.13% (-0.02%)
30-Year Jumbo: 6.91% (-0.01%)
7/6 SOFR ARM: 6.32% (-0.01%)
30-Year FHA: 6.16% (-0.02%)
30-Year VA: 6.18% (-0.02%)

News Summaries:

1. Month End Buying Pushes Back on Mid-Day Weakness

In a nutshell: Bonds started strong due to tariff concerns making investors nervous, but stocks rebounded, and month-end buying helped bonds recover some losses.
Key takeaways:
- "Risk-off" trading (moving money to safer investments like bonds) occurred due to tariff news.
- Stocks rebounded after initial weakness.
- Month-end buying provided support to the bond market.
- Tariffs continue to impact financial markets.
- Overall, a moderately active day for bonds.

2. Mortgage Rates Inch Lower, But Remain Broadly Sideways

In a nutshell: Mortgage rates dipped slightly, but continued the trend of not changing much overall for over a month.
Key takeaways:
- Rates remain in a "sideways" pattern.
- Small decrease in average 30-year fixed rates.
- Not a significant drop, but still lower than the recent 6.82% level seen in February.
- Overall, a calm period for mortgage rates.
- Trend indicates stability in the mortgage rate environment.

3. What's Up With The Big Bond Rally Despite Higher Inflation? (From March 30th)

In a nutshell: Even though inflation went up, bonds had a strong rally, which seems strange.
Key takeaways:
- Bond markets performed better than expected despite inflation increases.
- The rally is described as "modest" yet significant given the inflation context.
- This unusual correlation requires further analysis to fully understand the underlying factors.

Additional Important News (March 30):

Mortgage Rates Move Lower Even Though They Weren't Supposed To: Rates defied expectations and moved lower.
Pending Home Sales Crack Half-Hearted Smile Amid Longer Term Depression: Pending home sales saw a small increase, but the overall trend is still down.

Other News (Mix of March 30 and 31):

Several articles discussed various housing market indicators (new home sales, home price growth, purchase applications) and economic factors (PCE data, retail sales).
Rob Chrisman articles covered industry news like company rebranding, new mortgage products, and regulatory updates.
Numerous short news pieces from various sources rounded out the daily coverage.

Hopefully, this overview helps you catch up quickly! Let me know if you have any other questions.

For a deeper dive, or to access the full article, go to the source!

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