Choose Your City
Change City

Mortgage Rates Wednesday, March 1: Sharply Higher as Dow Tops 21,000

Thirty-year and 15-year fixed rates, as well as 5/1 ARM rates, are all higher once again today,according to a NerdWalletsurvey of mortgage rates published by national lenders Wednesday morning.

The stock market rallied again at the open this morning, as the Dow Jones Industrial Average surged over 21,000. The prospects ofthe Federal Reserve raisingshort-term interest rates this month seem to be even more solid.

Based on Fed Fund futures prices, investor expectations for a rate hike have soared in recent days. This morning, over 66% of investors were betting on at least a quarter-point interest rate hike at the Fed’s meeting March 15.

Mortgage Rates Today, Wednesday, March 1:

(Change from 2/28)
30-year fixed: 4.36% APR (+0.06)
15-year fixed: 3.74% APR (+0.07)
5/1 ARM: 3.84% APR (+0.02)

Get personalized mortgage ratesMortgage loan applications rise

There was a bit more loan paperwork making the rounds last week but when it comes to refinances, business is soft. Through Feb. 24, mortgage applications were up nearly 6% from the prior week, according to the Mortgage Bankers Association.

However, the refinance share of loan activity fell to just over 45% of total applications, the lowest volume since November 2008.

» MORE: Calculate your monthly mortgage payment

“Rates declined last week as investors favored U.S. Treasury bonds due mainly to political concerns from abroad,” Joel Kan, MBA economist, told CNBC.

While mortgage rates remain historically favorable, the number of available homes for sale is falling well short of demand. For the real estate industry, that could mean a disappointing spring sales season.

“The biggest impediment to growth in home sales in the months ahead will be the supply of homes for sale,” Jonathan Smoke, Realtor.com chief economist, said in a statement. “The existing home market had 3.6 months of supply in December and January. The only other time in history with that low level of supply was January 2005, which was just before the peak of the housing boom and bubble.”

!function(e,t,i,n,r,d){function o(e,i,n,r){t[s].list.push({id:e,title:r,container:i,type:n})}var a="script",s="InfogramEmbeds",c=e.getElementsByTagName(a),l=c[0];if(/^\/{2}/.test(i)&&0===t.location.protocol.indexOf("file")&&(i="http:"+i),!t[s]){t[s]={script:i,list:[]};var m=e.createElement(a);m.async=1,m.src=i,l.parentNode.insertBefore(m,l)}t[s].add=o;var p=c[c.length-1],f=e.createElement("div");p.parentNode.insertBefore(f,p),t[s].add(n,f,r,d)}(document,window,"//e.infogr.am/js/dist/embed-loader-min.js","312017-5479592643","interactive","");

Homeowners looking to lower their mortgage rate can shop for refinance lenders here.

NerdWallet daily mortgage rates are an average of the published annual percentage ratewith the lowest points for each loan term offeredby a sampling of major national lenders. APR quotes reflect an interest rate plus points, fees and other expenses, providingthe most accurate view of the costsa borrower might pay.

More from NerdWallet
Compare online mortgage refinance lenders
Compare mortgage refinance rates
Find a mortgage broker

Hal Bundrick is a staff writer at NerdWallet, a personal finance website. Email: hal@nerdwallet.com. Twitter:@halmbundrick.

.investor-form { text-align:center; max-width: 400px; margin:auto;}Mortgage Rate Newsletter Get daily mortgage rate updates delivered straight to your inbox! JotForm.init(function(){ setTimeout(function() { $('input_1').hint('Email address goes here'); }, 20); JotForm.clearFieldOnHide="disable"; JotForm.onSubmissionError="jumpToFirstError"; }); .form-label-left{ width:150px !important; } .form-line{ padding-top:12px; padding-bottom:12px; } .form-label-right{ width:150px !important; } .form-all{ width:690px; color:#555 !important; font-family:"Lucida Grande", "Lucida Sans Unicode", "Lucida Sans", Verdana, sans-serif; font-size:14px; } .form-radio-item label, .form-checkbox-item label, .form-grading-label, .form-header{ color: #555; } /* Injected CSS Code */.form-all { font-family: "Lucida Grande", sans-serif;}.form-all { width: 690px;}.form-label-left,.form-label-right { width: 150px;}.form-label { white-space: normal;}.form-label.form-label-auto { display: inline-block; float: left; text-align: left; width: 150px;}.form-label-left { display: inline-block; white-space: normal; float: left; text-align: left;}.form-label-right { display: inline-block; white-space: normal; float: left; text-align: right;}.form-label-top { white-space: normal; display: block; float: none; text-align: left;}.form-all { font-size: 14px;}.form-label { font-weight: bold;}.form-checkbox-item label,.form-radio-item label { font-weight: normal;}.supernova { background-color: none; background-color: rgba(0, 172, 204, 0);}.supernova body { background-color: transparent;}/*@width30: (unit(@formWidth, px) + 60px);@width60: (unit(@formWidth, px)+ 120px);@width90: (unit(@formWidth, px)+ 180px);*//* | *//* | *//* | */@media screen and (max-width: 480px) { .jotform-form { padding: 10px 0; }}/* | *//* | */@media screen and (min-width: 480px) and (max-width: 768px) { .jotform-form { padding: 30px 0; }}/* | *//* | */@media screen and (min-width: 480px) and (max-width: 689px) { .jotform-form { padding: 30px 0; }}/* | *//* | */@media screen and (min-width: 768px) { .jotform-form { padding: 60px 0; }}/* | *//* | */@media screen and (max-width: 689px) { .jotform-form { padding: 0; }}/* | */.supernova .form-all,.form-all { background-color: none; border: 1px solid transparent;}.form-all { color: #555555;}.form-header-group .form-header { color: #555555;}.form-header-group .form-subHeader { color: #6f6f6f;}.form-sub-label { color: #6f6f6f;}.form-label-top,.form-label-left,.form-label-right,.form-html { color: #555555;}.form-checkbox-item label,.form-radio-item label { color: #6f6f6f;}.form-line.form-line-active { -webkit-transition-property: all; -moz-transition-property: all; -ms-transition-property: all; -o-transition-property: all; transition-property: all; -webkit-transition-duration: 0.3s; -moz-transition-duration: 0.3s; -ms-transition-duration: 0.3s; -o-transition-duration: 0.3s; transition-duration: 0.3s; -webkit-transition-timing-function: ease; -moz-transition-timing-function: ease; -ms-transition-timing-function: ease; -o-transition-timing-function: ease; transition-timing-function: ease; background-color: #ffffe0;}/* ömer */.form-radio-item,.form-checkbox-item { padding-bottom: 0px !important;}.form-radio-item:last-child,.form-checkbox-item:last-child { padding-bottom: 0;}/* ömer */.form-single-column .form-checkbox-item,.form-single-column .form-radio-item { width: 100%;}.supernova { height: 100%; background-repeat: no-repeat; background-attachment: scroll; background-position: center top; background-repeat: repeat;}.supernova { background-image: none;}#stage { background-image: none;}/* | */.form-all { background-repeat: no-repeat; background-attachment: scroll; background-position: center top; background-repeat: repeat;}.form-header-group { background-repeat: no-repeat; background-attachment: scroll; background-position: center top;}.form-line { margin-top: 12px; margin-bottom: 12px;}.form-line { padding: 12px 36px;}.form-all .qq-upload-button,.form-all .form-submit-button,.form-all .form-submit-reset,.form-all .form-submit-print { font-size: 1em; padding: 9px 15px; font-family: "Lucida Grande", sans-serif; font-size: 14px; font-weight: normal;}.form-all .form-pagebreak-back,.form-all .form-pagebreak-next { font-size: 1em; padding: 9px 15px; font-family: "Lucida Grande", sans-serif; font-size: 14px; font-weight: normal;}/*& when ( @buttonFontType = google ) { @import (css) "@{buttonFontLink}";}*/h2.form-header { line-height: 1.618em; font-size: 1.714em;}h2 ~ .form-subHeader { line-height: 1.5em; font-size: 1.071em;}.form-header-group { text-align: left;}/*.form-dropdown,.form-radio-item,.form-checkbox-item,.form-radio-other-input,.form-checkbox-other-input,*/.form-captcha input,.form-spinner input,.form-error-message { padding: 4px 3px 2px 3px;}.form-header-group { font-family: "Lucida Grande", sans-serif;}.form-section { padding: 0px 0px 0px 0px;}.form-header-group { margin: 12px 36px 12px 36px;}.form-header-group { padding: 24px 0px 24px 0px;}.form-textbox,.form-textarea { border-color: ; color: #a9a9a9; padding: 4px 3px 2px 3px;}.form-dropdown { border-color: #cccccc; -webkit-appearance: menulist-button; color: #a9a9a9;}[data-type="control_dropdown"] .form-input,[data-type="control_dropdown"] .form-input-wide { width: 150px;}.form-label { font-family: "Lucida Grande", sans-serif;}li[data-type="control_image"] div { text-align: left;}li[data-type="control_image"] img { border: none; border-width: 0px !important; border-style: solid !important; border-color: false !important;}.form-line-column { width: auto;}.form-line-error { overflow: hidden; -webkit-transition-property: none; -moz-transition-property: none; -ms-transition-property: none; -o-transition-property: none; transition-property: none; -webkit-transition-duration: 0.3s; -moz-transition-duration: 0.3s; -ms-transition-duration: 0.3s; -o-transition-duration: 0.3s; transition-duration: 0.3s; -webkit-transition-timing-function: ease; -moz-transition-timing-function: ease; -ms-transition-timing-function: ease; -o-transition-timing-function: ease; transition-timing-function: ease; background-color: #fff4f4;}.form-line-error .form-error-message { background-color: #ff3200; clear: both; float: none;}.form-line-error .form-error-message .form-error-arrow { border-bottom-color: #ff3200;}.form-line-error input:not(#coupon-input),.form-line-error textarea,.form-line-error .form-validation-error { border: 1px solid #ff3200; -webkit-box-shadow: 0 0 3px #ff3200; -moz-box-shadow: 0 0 3px #ff3200; box-shadow: 0 0 3px #ff3200;}.ie-8 .form-all { margin-top: auto; margin-top: initial;}.ie-8 .form-all:before { display: none;}/* | */@media screen and (max-width: 480px), screen and (max-device-width: 768px) and (orientation: portrait), screen and (max-device-width: 415px) and (orientation: landscape) { .jotform-form { padding: 0; } .form-all { border: 0; width: 100% !important; max-width: initial; } .form-sub-label-container { width: 100%; margin: 0; } .form-input { width: 100%; } .form-label { width: 100%!important; } .form-line { padding: 2% 5%; -moz-box-sizing: border-box; -webkit-box-sizing: border-box; box-sizing: border-box; } input[type=text], input[type=email], input[type=tel], textarea { width: 100%; -moz-box-sizing: border-box; -webkit-box-sizing: border-box; box-sizing: border-box; max-width: initial !important; } .form-input, .form-input-wide, .form-textarea, .form-textbox, .form-dropdown { max-width: initial !important; } div.form-header-group { padding: 24px 0px !important; margin: 0 12px 2% !important; margin-left: 5% !important; margin-right: 5% !important; -moz-box-sizing: border-box; -webkit-box-sizing: border-box; box-sizing: border-box; } [data-type="control_button"] { margin-bottom: 0 !important; } .form-buttons-wrapper { margin: 0!important; } .form-buttons-wrapper button { width: 100%; } table { width: 100%!important; max-width: initial !important; } table td + td { padding-left: 3%; } .form-checkbox-item input, .form-radio-item input { width: auto; } .form-collapse-table { margin: 0 5%; }}/* | */ /*__INSPECT_SEPERATOR__*/.jotform-form { padding : 0 !important;} .form-all { width : 100% !important; color : #464646 !important; font-family : GothamBody, Arial, Helvetica, sans-serif !important; font-size : 16px !important; font-weight : 300 !important; padding : 0px !important;} .form-section { margin : 0 25px;} .form-required { display : none !important;} .form-textbox { box-sizing : border-box; padding : 6px 12px; width : 300px; height : 42px !important;} .form-label-left { width : 0px !important; padding : 0;} .form-line { padding : 3px 0px;} .form-line-active { background-color : transparent !important;} .form-line-error { background-color : transparent !important;} .form-buttons-wrapper { margin-left : 0px !important;} .form-submit-button { width : 300px; height : 40px; padding : 0px !important; margin-top : 0px; font : 700 18px/38px GothamBody, Helvetica, Arial, sans-serif !important; text-decoration : none; color : #fff !important; background : #6cc551 !important; border : 1px solid transparent !important; cursor : pointer; text-align : center; text-shadow : none; box-shadow : none; border-radius : 4px 4px;} .form-submit-button:hover { color : #fff !important; text-decoration : none; background : #6ed14f !important; box-shadow : 0 2px 5px 0 rgba(0,0,0,0.2); border : 1px solid transparent !important;} .form-submit-button:active { text-decoration : none; background : #5eb243 !important; box-shadow : none !important; border : 1px solid transparent !important;} .form-button-error { text-align : left; color : #fff;} .form-dropdown { width : 150px; height : 42px !important; border-radius : 0px; border-color : #ccc; -webkit-appearance : none; -webkit-border-radius : 0px; padding : 6px 12px; font-family : GothamBody, Arial, Helvetica, sans-serif !important; font-size : 16px;} /* Injected CSS Code */

- *
- Sign me up
- Should be Empty:

document.getElementById("si" + "mple" + "_spc").value = "70126229088153-70126229088153"; JotForm.ownerView=true; jQuery(window).on('load',function() { jQuery('form[id="70126229088153"]').on('submit', function () { NWA.eventCenter.publish('formInputChanged', { appName:'WORDPRESS', formName:'emailcapture', fieldName:'signup_emailcapture_submit', action:'FORM_SUBMIT' }); }); });

The article Mortgage Rates Wednesday, March 1: Sharply Higher as Dow Tops 21,000 originally appeared on NerdWallet.