This is a short week with offices closed Thursday and Friday for the Thanksgiving holiday. There are no economic indicators scheduled to be released today, however the rest of this week is stuffed, like a Thanksgiving turkey.
Tuesday, November 25: Gross Domestic Product (GDP); S&P – Case Shiller Home Price Index; and Consumer Confidence
Wednesday, November 26: Initial Jobless Claims; Personal Consumption Expenditures (PCE); Durable Goods Orders; Personal Income; Personal Spending; Chicago PMI; Consumer Sentiment Index (UoM): New Home Sales; and Pending Home Sales
With this being a short week, watch for rates to be bumpy as there with fewer active traders thanks to holiday vacations. As I write this, 10:oo am on November 24, 2014, I’m quoting:
30 year fixed: 3.875% (apr 4.023%) priced with 1.213 points with a principal and interest (p&i) payment (taxes and insurance not included) of $1,881.
30 year fixed: 4.000% (apr 4.084%) priced with 0.436 points with p&i of $1,910.
20 year fixed: 3.750% (apr 3.876%) priced with 0.535 points with p&i of $2,372.
15 year fixed: 3.125% (apr 3.345%) priced with 0.976 points with p&i of $2,786.
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 December 31, 2014 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.