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Baltimore MD mortgage rates have held steady today.

Initial Jobless Claims came in at 469,000 this morning, which was in line with current expectations. Continuing Claims, meanwhile, for those who continue to receive unemployment benefits for up to 26 weeks, dropped by 134,000 to 4.5 million.

These numbers are mediocre at best.  We have really not seen any significant improvement in the labor market.

Coupled with this morning’s Pending Home Sales report from the National Association of Realtors, rates have held steady.

Keep an eye on tomorrow Jobs Report.

Current Baltimore MD mortgage rates are as follows:

30-Year Fixed: 5.000% with 0 points

15-Year Fixed: 4.375% with 0 points

To start your application, click here to contact us today.

* Rates shown assume a minimum credit score of 720 and a LTV of less than 70%. Adjustments may apply to lower credit scores or to higher LTVs.

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Baltimore MD mortgage rates remain the same today as mortgage-backed securities prices were rallying toward the early portion of the day before losing those gains at midday. Most Lenders have left rates unchanged on the day with par still holding near the lows of 2010.

No events were on the economic calendar for today.

Current Baltimore MD mortgage rates are as follows:

30-Year Fixed: 5.000% with 0 points

15-Year Fixed: 4.375% with 0 points

To start your application, click here to contact us today.

* Rates shown assume a minimum credit score of 720 and a LTV of less than 70%. Adjustments may apply to lower credit scores or to higher LTVs.

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Ready to Get Started? Get a Free Rate Quote Now.

Baltimore MD mortgage rates dropped a bit on Tuesday as prices on mortgage-backed securities rallied higher, sending rates and yields lower. This allowed most lenders to publish improved rate sheets.

Here is a closer look at other economic reports coming out this week that may affect Baltimore MD mortgage rates:

Wednesday

• MBA Applications Index(low impact)
• ADP Employment Report, not as important as Friday’s Employment Situation report but gaining momentum.   ADP forecasts a loss of 70,000 private payroll jobs.  (medium to high impact)
• ISM Non-Manufacturing Index(low to medium impact)
• Beige Book. This data outlines economic conditions around the U.S.  It’s used as a point of reference during Fed meetings. (medium impact)

Thursday

• Weekly Jobless Claims (medium impact)
• Productivity and Costs (medium impact)
• Factory Orders(medium impact)
• Pending Home Sales Index – many economists feel that until housing picks up our economic recovery will be slow which makes this data much more relevant today.(medium to high impact)
• Treasury Announcement of size of next week’s auction of 3 year notes, 10 year notes and 30 year bonds. (medium impact)

Friday

• Employment Situation – Single most important report we get monthly. Early predictions call for a loss of 50,000 jobs and the unemployment rate moving higher to 9.8%. (HIGH IMPACT)

Current Baltimore MD mortgage rates are as follows:

30-Year Fixed: 5.000% with 0 points

15-Year Fixed: 4.375% with 0 points

To start your application, click here to contact us today.

* Rates shown assume a minimum credit score of 720 and a LTV of less than 70%. Adjustments may apply to lower credit scores or to higher LTVs.

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• Analyst: Pressure Will Build on Fed To Extend Mortgage Program (blogs.wsj.com)
• Mortgage Rates Spike On The Federal Reserve’s January 2010 Meeting Minutes (movephilly.blogspot.com)