Freddie Mac Reports Mortgage Rates Down Last Week


I have mixed thoughts when I share Freddie Mac’s PMMS graphs – mainly because it’s old news. This is data that was reported from last week. So it doesn’t really matter if last week, the average rate for a 30 year conventional fixed rate was under 4.000%, if rates are higher or lower now. Unless you locked in the rate last week, you are subject to what rates are available currently .

With that said, I do like to share Freddie Mac’s graph’s as it does show where mortgage rates have been over the last year.

Per Freddie Mac’s survey, mortgage rates for the 30 year fixed averaged 3.98 with 0.6 points. This is slightly lower than the previous week and lower than the 4.12 compared to this time last year.

As I write this post at 11:25 am on July 30, 2015, I’m quoting:

3.875% (apr 4.024%) priced with 1.179 points for a 30 year fixed conventional.

Rate quoted above is based on a 30 year fixed conventional mortgage with a sales price of $500,000, 20% down payment with a loan amount of $400,000. Home buyers have excellent credit with scores of 740 or higher and the purchase in greater Seattle has a closing date of September 4, 2015 or before. Rates quoted are subject to credit approval and may (will) change at anytime. Click here if I can provide you with a current rate quote for your home located anywhere in Washington state.

What May Impact Mortgage Rates this Week: July 27, 2015 – Mortgage Rates trending LOWER!

I’m back from my vacation, sailing the Broughton Islands in Vancouver, B.C. with my hubby and our (almost) 2 year old puppy, Hitch. Thanks to my great team at Mortgage Master for taking care of my clients while I was enjoying some time off. I’m relaxed, refreshed, recharged and ready to help you with your mortgage needs.

The Chinese stock market is taking a hit as the Shanghai Composite lost 8.5% overnight. This is giving mortgage backed securities a bit of a boost this morning. Check out the mortgage rates I’ve posted below.

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What May Impact Mortgage Rates this Week: July 6, 2015

mortgageporter-economyMy apologies for being tardy on a post I typically do on Mondays… it’s been a busy week and well, my business (helping people with their mortgage needs to buy or refinance their homes) has to come before blogging.

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Are you buying a new home? WAIT to buy new furniture!

iStock_000008143756_MediumI have been working with a couple of clients who are buying homes and who’ve recently asked if it’s okay for them to buy furniture before closing on their new home. It must be all the “Fourth of July blow-out” sales going on that’s causing this question to come up recently.

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What May Impact Mortgage Rates this Week: June 29, 2015

MortgagePorter-JobsReportMortgage backed securities are enjoying bump today with Greece back in the headlines. As I’m writing this post (9:25 am pst) the Dow  is down 229. This is a case where a bad news for the stock market = good news for mortgage rates.

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Fun things to do around Puget Sound this Independence Day

Seattle_fireworksI hope you have a FUN, safe and sane Independence Day. I have fond memories of watching fireworks sitting on the hood of my Mom’s car with my sisters in the Sears parking lot of the old mall in downtown Renton…lots of “oohs and aahs”. :)

Here are some events around the greater Puget Sound area taking place this holiday.

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New Mortgage Disclosures Possibly Delayed

speedbumpThe CFPB is requesting that the deadline for the new “good faith estimate” disclosures (aka “TRID”) be delayed for two months to allow lenders more time to transition into the the new forms…and because the CFPB made an “administrative error” that would have caused a delay with enforcing the rule. From the CFPB’s website:

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Freddie Mac reports last week’s average mortgage rates unchanged

The Freddie Mac PMMS reveals little change in mortgage interest rates over the last week with the 30 year mortgage rate averaging 4.02% with 0.7 points.


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