• Thursday’s mortgage rates should be close to Wednesday’s early pricing. Weakness in bonds late yesterday may have some lenders reflecting slightly higher pricing this morning, but it should be a modest increase. The bond market is currently up 3/32 (4.29%).

 • Stocks are showing early losses with the Dow down 190 points and the Nasdaq down 111 points.

 • Yesterday’s 20-year Treasury Bond auction went relatively well. The benchmarks we use to gauge investor demand for the securities showed an interest that was a tad better than other recent sales, but not overly strong. The 1:00 PM ET results announcement didn’t move bonds enough to affect mortgage pricing though.

 • Last week’s unemployment update was this morning’s only relevant economic release. It revealed 214,000 new claims for jobless benefits were filed last week, up from the previous week’s revised 208,000 initial filings and higher than the 211,000 that was expected. This is good news for rates because rising claims are a sign of a softening employment sector.

 • This week’s calendar closes late tomorrow morning when the University of Michigan posts their revised Index of Consumer Sentiment for April at 10:00 AM ET. Forecasts have the index rising from the preliminary 47.6 reading from two weeks ago that was much lower than anticipated at that time. An increase would mean surveyed consumers were more optimistic about their own financial situations than they were earlier this month and are more likely to spend money. The lower the reading, the better the news for rates.

 • Visit our Daily Commentary page on our site for detailed explanations on current news that is relevant to mortgage rates.

CLICK HERE to view full detailed report and recommendations

If I were considering financing/refinancing a home, I would.... Lock if my closing was taking place within 7 days... Lock if my closing was taking place between 8 and 20 days... Lock if my closing was taking place between 21 and 60 days... Float if my closing was taking place over 60 days from now... This is only my opinion of what I would do if I were financing a home. It is only an opinion and cannot be guaranteed to be in the best interest of all/any other borrowers.