With nothing in the way of economic news or events on tap – trading action in the stock markets will probably exert the most significant influence on the trend trajectory of mortgage interest rates today. Higher stock prices will tend to drag mortgage rates higher while lower stock prices will probably prove supportive of the prospects for steady mortgage interest rates.

The coming holiday shortened week will be dominated by a $99 billion dollar, three-part Treasury debt auction running from Tuesday through Thursday. $35 billion of 2-year notes will hit the auction block on Tuesday, followed by $35 billion of 5-year notes on Wednesday and the whole thing will wrap-up with the sale of $29 billion of 7-year notes on Thursday.

The scheduled economic news will be light. February New Home Sales on Tuesday will share what little limelight there is with Thursday morning’s release of the final revision to the government’s “guesstimate” for Q4 Gross Domestic Product. The mortgage market will close early at 2:00 p.m. ET on Thursday for the Good Friday Holiday. The Commerce Department will release the February Personal Income and Sending data on Friday morning – but few will notice since the stock and bond markets will be closed in observance of Good Friday.

Mortgage Rates as of March 22, 2013 ( purchase transactions )

30 day rate locks, subject to credit score and loan to value edits

FHA

30 year fixed 3.25% ( 0% Origination Fee ) Reminder- FHA Monthly MIP increases for case numbers issued April 1, 2013 or later, call me for details to beat the deadline!

Conventional

30 year fixed rate 3.625% (*LTV and credit score could impact this quote) ( .50 origination fee, 760+ score)

15 year fixed rate 3.00%

5/1 ARM 2.50%

7/1 ARM 2.75%