What May Impact Mortgage Rates this Week: March 9, 2015

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mortgageporter-economyMy apologies for being a day late on my “Monday Rate Post”…I’ve been busy working on transactions in process and new refi and purchase loans. Biz has to come before blog. However, I have a few moments now to share with you the economic indicators scheduled to be released this week, which is on the lighter side.

Here you go:

  • Thursday, March 12: Retail Sales and Initial Jobless Claims
  • Friday, March 13: Producer Price Index; Consumer Sentiment Index

Friday’s Jobs report was better than expected causing mortgage rates to jump higher. Mortgage rates have since calmed down a since closing on Friday. Rates are currently still higher than what I quoted last week. As I write this post, 2:00 pm on Tuesday, March 10, 2015, I am quoting:

EDITORS NOTE: Rates quoted below are EXPIRED! For your current mortgage rate quote for a home located in Washington State, please click here.

30 year fixed: 3.875% (apr 4.025%) priced with 0.696 points with  a principal and interest (p&i) payment (taxes and insurance not included) of $1,881.

20 year fixed: 3.625% (apr 3.800%) priced with 0.930 points with p&i of $2,346.

15 year fixed: 3.000% (apr 3.255%) priced with 1.183 points with p&i of $2,763.

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 conventional loan amount of $400,000. The home buyers have excellent credit with credit scores of 740 or higher and the transaction is closing by April 17, 2015 or sooner.

Rates quoted are subject to credit approval and may change at any time. This is just a small sample of the mortgage 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 anywhere in Washington state, please click here.

 

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  1. […] 30 year fixed: 3.875% (apr 3.948%) priced with 0.285 points with p&i of $1,881.  This is improved by 0.411 points/fee compared the rate I quoted last week. […]

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