Weekly Mortgage Updates 3-27-2026
Mortgage rates continue to move decidedly higher as the conflict continues.
Weekly Mortgage Rates March 27, 2026
Mortgage rates continue to move decidedly higher as the conflict continues.
TGIF Every bond analyst I listened to this morning had the same reaction: Thank God It’s Friday. With markets closing for the weekend, at least the bleeding can take a pause.
Trump extended the negotiation timeline to 10 days, but rather than calming markets, it had the opposite effect. The majority market view is that there won't be a swift resolution, as more US troops are moving into place, doubts grow over the next stage of the conflict. Bond investors priced that risk in accordingly.
The bond market is setting off warning bells. U.S. Treasury auctions showed investor appetite for bonds waning as this week’s auctions all drew below-average demand. Investors will require higher yields to absorb new bond supply and are pricing in a higher inflation outlook.
Every Day Is a Winding Road Just when we think we know the path forward, things change. Rates dipped below 6% earlier this year, and buyer optimism rose. Now, with rates rising to their worst levels in months, the psychology of a swift move higher could start to weigh on buyer demand.
This morning the University of Michigan’s final March Consumer Sentiment reading came in at 53.3, near historic lows.
Fed Funds futures now show a 52% probability of a rate hike before year-end up from 20% last week. Just over a month ago, the market was pricing in rate cuts later this year. That is a 180-degree reversal on the outlook.
The bottom line: Until there is a credible path to de-escalation there will be upward pressure on rates. |