Rates ease again but buyers not biting yet

MBA pushes back timeline for expected rise in mortgage rates

Mortgage rates eased this week as economic uncertainty over the crisis in Japan and turmoil in the Middle East had investors seeking safety in bonds, including those that fund most mortgages.

Rates on 30-year fixed-rate mortgages averaged 4.76 percent with an average 0.7 point for the week ending March 17, down from 4.88 percent last week and 4.96 percent a year ago, Freddie Mac said in releasing the results of its latest Primary Mortgage Market Survey.