03/31/2026
Rates inched up again last week. Construction spending fell in January. The ADP weekly employment changed jumped. Mortgage applications declined. Jobless claims were better than expected.
MORTGAGE RATES
CURRENTLY TRENDING
Source: Mortgage News Daily
THIS WEEK'S
PREDICTED VOLATILITY
Source: Mortgage News Daily
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Construction spending slipped 0.3% month-over-month in January, coming in below expectations for a 0.1% increase and down from a 0.8% gain in the prior month.
The ADP weekly employment report showed private payrolls increased by 10,000, slightly above the prior week’s 9,000 increase.
MBA mortgage application submissions decreased 10.5% for the week ending March 20, a slightly smaller decline than the prior week’s 10.9% drop, while purchase applications fell 5.4% and refinance applications declined 14.6%.
Continuing jobless claims came in at 1,819,000 for the week ending March 14, below expectations of 1,860,000 and down from 1,851,000 in the prior week, while initial jobless claims rose to 210,000 for the week ending March 21, slightly below expectations of 211,000 but up from 205,000 previously.
WEEK OF MARCH 30th, 2026