As is the case with a majority of housing and mortgage market data these days, the Existing Home Sales data from NAR is heavily dependent on context. To be sure, the headline is true. You'd have to go back to report that came out in February, 2024 to see a higher annual pace of sales. (NOTE: the table above contains initially-reported numbers.  NAR subsequently revised  the 3/31/24 report up to 4.31m) And if you were to chart these values only, the chart would probably look pretty good for the present month, but it would also belie the situation in the trenches.  Home sales certainly aren't in freefall in the bigger picture, but they're generally still sideways at long term lows. Realtors credited an uptick in inventory for the uptick in sales. Additional details are available at NAR's release page here: https://www.nar.realtor/newsroom/existing-home-sales-accelerated-4-2-in-february

March 21, 2025 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.15% -0.02%   6.01% 7.13% 15 Yr. Fixed 5.72% -0.03%   5.55% 6.5% 30 Yr. Jumbo 6.33% -0.02%   6.1% 7.45% Compare Mortgage Rates from Local Lenders for Mar 21, 2025 Mortgage Rates Tick Gently Higher to End Week Fri, Mar 21, 2025 2:44PM In terms of the market movement that underlies and dictates mortgage rate movement, today looked a lot like yesterday.  Things started strong and faded gently as the day progressed. There were no notable economic reports or news events apart from a White House press conference where Trump said there will be "flexibility on tariffs."  Tariffs have generally been a depressant for financial markets, acting to push stock prices lower and--at times--increasing demand for bonds (which, in turn, helps rates move lower).  With that in mind, when we've seen headlines that suggest a slig... (read more) Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.15% -0.02 0.00 15 Yr. Fixed 5.72% -0.03 0.00 30 Yr. FHA 5.75% -0.05 0.00 30 Yr. Jumbo 6.33% -0.02 0.00 7/6 SOFR ARM 5.56% -0.03 0.00 30 Yr. VA 5.77% -0.04 0.00 Updates Daily - Last Update: 2/6 Freddie Mac Rate Change Points 30 Yr. Fixed 6.11% +0.01 0.00 15 Yr. Fixed 5.50% +0.01 0.00 Updates Weekly - Last Update: 2/5 Mortgage Bankers Assoc. 30 Yr. Fixed 6.24% +0.08 0.55 15 Yr. Fixed 5.64% +0.09 0.61 30 Yr. Jumbo 6.34% -0.05 0.40 Updates Weekly - Last Update: 1/28 UMBS 30YR 5.0 100.05 +0.01   95.71 100.50 UMBS 30YR 5.5 101.49 +0.04   98.11 101.64 10 YR Treasury 4.213 +0.033   3.932 4.608 Post-Fed Trade Turning Out As Expected Fri, Mar 21, 2025 11:49AM Heading into this week's Fed announcement, we noted the consolidation pattern in bonds (the convergence of intraday highs and lows in an increasingly narrow range).  After the favorable reaction to the Fed, the highest probability outcome was that the consolidation would shift gears into more of a sideways range, and that's exactly what we're seeing so ... (read more) MBS Price Change UMBS 4.5 98.06 +0.03 UMBS 5.0 100.05 +0.01 UMBS 5.5 101.49 +0.04 GNMA 4.5 97.84 +0.10 GNMA 5.0 100.18 +0.11 GNMA 5.5 101.22 -0.02 Pricing as of: 2/7 12:30PM EST US Treasury Yield Change 2 YR Treasury 3.496 +0.044 5 YR Treasury 3.753 +0.036 7 YR Treasury 3.965 +0.026 10 YR Treasury 4.213 +0.033 30 YR Treasury 4.851 +0.006 Pricing as of: 2/7 12:30PM EST Other News Highest Existing Home Sales in a Year Fri, Mar 21, 2025 4:04PM As is the case with a majority of housing and mortgage market data these days, the Existing Home Sales data from NAR is heavily dependent on context. To be sure, the headline is true. You'd have to go back to report that came out in February, 2024 to see a higher annual pace of sales. (NOTE: the table above contains initially-reported numbers.  NAR s... (read more) Refi Demand Remains Elevated, But Off Recent Highs Fri, Mar 21, 2025 3:49PM The Mortgage Bankers Association conducts a weekly survey on the level of mortgage applications, both for purchases and refinances.  Both data series continue to be a tale of two decidedly different eras for the mortgage market.  If we focus on the present era, for a moment, refi demand continued to enjoy a relative boom thanks to rates that remai... (read more) AI-Powered Lending, Day 1 Certainty; Corresp. Product Tools; FOMC Balance Sheet Reduction Fri, Mar 21, 2025 11:53AM “Elon is firing Twitter employees with bad posture. I have a hunch I might be next.” If I have a sprained finger, I don’t need a heart and lung transplant. And if I did need a transplant, I wouldn’t want a florist doing it. For years, the CFPB has been accused of a “shoot first, ask questions later” mentality, taking drastic action when less would have been ... (read more) Latest Video Chicago Fed President Goolsbee: Rates will be lower in 12-18 months if we m... Chicago Fed President Goolsbee: One-time tariffs without retaliation more l... Fed Chair Powell: Impact of tariffs could be 'transitory' Leading economic indicators for February down 0.3% Around the Web CNBC Chicago Fed President Goolsbee sees rate cuts depending on inflation progress CNBC U.S. households are running out of emergency funds as pandemic cash runs out, inflation takes its toll Calculated Risk Blog Intercontinental Exchange: Mortgage Delinquency Rate Increased in February Calculated Risk Blog Realtor.com Reports Active Inventory Up 28.5% YoY CNBC February home resales jump much more than expected, despite higher mortgage rates Calculated Risk Blog Q1 GDP Tracking: Wide Range Eye on Housing Volume of Residential Construction Loans Falls in Q4 2024 Marketwatch U.S. jobless claims still show few private-sector layoffs, but more ex-federal workers get benefits CNBC Treasury yields inch lower amid ongoing uncertainty over the U.S. economic outlook CNBC Treasury yields dip as investors weigh the state of the U.S. economy CNBC February home resales jump much more than expected, despite higher mortgage rates CNBC Bank of England holds interest rates, warns global trade uncertainty has intensified CNBC European markets set to end the week on a downbeat note amid global economic uncertainty

© 2026  Mortgage News Daily, LLC. | 19701 Bethel Church Rd. | Cornelius, NC 28031 Interest rates displayed are national averages and for informational purposes only. Actual rates from lenders may vary based on several factors including, but not limited to, credit worthiness, ability to replay, credit score, down payment, loan term, etc. This email was sent to: [recipientemail]. Go here to UNSUBSCRIBE from this email.