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30-year fixed rate mortgages stayed flat in Baltimore last week and hovered around 4.750 percent to borrowers who were willing to pay 1 point.  15-year fixed rates were about 4.250 percent and the 5-year ARM was at 3.625 percent.

FHA loan rates remained the same as standard conforming rates. A home-buyer tax credit of up to $8,000 is available on these loans through April and applicable toward borrower closing costs. New FHA rules, which go into effect on April 5th, include an increase in Mortgage Insurance to 2.25 percent of the loan amount.

Jumbo rates were also flat last week.  The jumbo 30-year fixed rate stayed at 5.625 percent throughout the week, although a rates of 5.500 percent was available to consumers with extremely low loan-to-value ratios of 60 percent or better.

Despite the fact that the highly-anticipated Federal Reserve exit from the purchasing of mortgage-backed securities is now just over 2 weeks away, the prices of mortgage-backed securities, which tend to push mortgage rates in the opposite direction, were also flat.

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