What May Impact Mortgage Rates this Week: October 6, 2014

1522456_717971534888096_812580490_oLast Friday’s Jobs Report came in better than expected and mortgage rates ticked up a little higher on Friday but are still in a tight range and essentially unchanged compared to last Monday’s rate post (slightly improved). There’s not a lot on the dance card this week for scheduled events that may impact the direction of mortgage interest rates this week. Watch for the Fed Minutes on Wednesday, which has stronger odds of moving mortgage rates. Since this week’s calendar is so light, I’m adding a couple items that will not impact rates…but are eventful!

As I write this post, 8:00 am on Monday, October 7, 2014 at 9:42 am I’m quoting:

NOTE: The rates below are already expired! If you would like me to provide you with current rates based on your personal scenario for a refi or home purchase anywhere in Washington state, please click here.

30 year conventional fixed rate: 4.125% (apr 4.245%) priced with 0.887 points. This is a slight improvement of 0.078 points, compared to last Monday’s rate post.

15 year conventional fixed rate: 3.250% (apr 3.483%) priced with 1.054 points. This is slight improvement of 0.101 points, compared to last Monday’s rate post.

Rates quoted above are based on a purchase in the greater Seattle – King County area with a sales price of $500,000, 20% down payment and a loan amount of $400,000. The home buyers have excellent credit with credit scores of 740 or higher and the transaction is closing by November 13 or sooner.

Rates quoted are subject to credit approval and may change at any time. This is just a small sample of the rates and programs that I have available. If you would like me to provide you with a mortgage rate quote for your home purchase or refinance on your home located in Ilwaco, Issaquah, Interbay or anywhere in Washington state, please click here.

GO HAWKS!!!

 

Trackbacks

  1. […] 8:13 am: I’m quoting 4.125% (apr 4.211%) 30 year fixed conventional priced with 0.447 points. This is an improvement of 0.44 points compared to Monday’s rate post. […]

  2. […] As this is a Federal holiday, some lenders are closed and therefore, I don’t have as many lenders to chose from for pricing rates. Some lenders close their lock desks on Federal holidays while others remain open and hedge the market. Regardless, mortgage rates have improved by about a half point in fee compared since last Monday’s rate post. […]

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