Treasury Bond Yields continue to drop - The 10-year treasury bond closed the week yielding 2.41%, down from 2.44% last week. The 30-year treasury bond yield ended the week at 2.81%, down from 2.88% last week. We watch treasury bond yields because mortgage rates follow bond yields.
30-year Mortgage rates hit lowest levels since 2017 - The March 28, 2019 Freddie Mac Primary Mortgage Survey reported that the 30-year fixed mortgage rate average was 4.06%, down from 4.28% last week. The 15-year fixed was 3.57%, down from 3.71% last week. The 5-year ARM was 3.75%, down from 3.84% last week.