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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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