Mortgage rates holding steady at record lows

Freddie Mac’s weekly survey of mortgage rates (PMMS) were released this morning showing rates remaining at near record lows.


Last week, the 30 year fixed averaged 3.90 priced with a half point at “year-to-date lows amidst ongoing economic uncertainty”. The uncertainty in the markets are providing a great opportunity for those who can lock in a low rate with a refinance.

It’s important to note that several factors impact the pricing of mortgage rates, such as loan to value (home equity), credit scores and debt-to-income ratios…and rates change constantly. Today’s rates may (and probably are) different than what was quoted last week.

If you’re home is located anywhere in Washington state, I’m happy to help you! Click here for a no hassle rate quote to get current pricing for your scenario.

Mortgage Rates continue Lower

Freddie Mac released the weekly PMMS (Prime Mortgage Market Survey) showing that mortgage rates continue to be at the lowest levels of 2017 with the 30 year fixed back under 4.000%.

The PMMS reports on average rates from the previous week based on a survey for conforming loans (loan amounts $422,950 and below). Last week, the 30 year fixed averaged 3.89 with 0.5 points. From the PMMS:

“The 10-year Treasury yield fell 3 basis points this week. The 30-year mortgage rate moved in tandem with Treasury yields, falling 5 basis points to 3.89 percent. Mixed economic data and increasing uncertainty are continuing to push rates to the lowest levels in nearly seven months.”

We are noticing an increase in refinances with the 30 year fixed being back below four percent.

If you’re considering refinancing or buying a home located anywhere in Washington state, I’m happy to help you. Click here for a no-hassle mortgage rate quote.

 

Lowest Mortgage Rates of 2017

Freddie Mac just released their weekly survey of mortgage rates showing that rates have hit the lowest point so far this year with the 30 year fixed averging 3.95% with 0.5 points.


So if you’ve been waiting to refinance, my suggestion is to jump on it as rates can change quickly. If your home is located anywhere in the state of Washington, where I’m licensed, I’m happy to help you with your refi or purchase. Click here for a mortgage rate quote.

Mortgage Rates take a dip

Freddie Mac’s PMMS (Prime Market Mortgage Survey) this week headlines “Mortgage Rates Tumble Below 4 Percent“. This is great news for home owners who have been waiting to refinance.

According to the PMMS: [Read more…]

Mortgage Rates trending Lower

Freddie Mac released their weekly mortgage survey known as the PMMS (Prime Mortgage Market Survey) today revealing that mortgage rates moved lower last week.


According to the survey, last week (key words: “last week”), the 30 year fixed conventional mortgage averaged 4.14% with 0.5 points. Remember, mortgage rates change constantly and the only way to have last week’s mortgage rate is to have locked in your rate last week.

I am happy to provide you with a current mortgage rate quote for a refi or purchase on your home located anywhere in Washington state, where I’m licensed.

Feds raise Funds Rate

This morning the Fed raised the Federal Funds Rate this morning by 0.25% to 1.00%. Although the Fed does not directly control mortgage rates, this move will most likely cause mortgage rates to continue to trend higher. The Fed Funds rate does directly impact home equity lines of credit interest rates that are attached to the prime rate. [Read more…]

Freddie Mac reports interest rates at their highest of 2017

Today Freddie Mac released their Prime Mortgage Market Survey which basically shows an average of conforming rates for the previous week. The report shows mortgage rates at their highest for 2017 with the 30 year fixed rate at 4.21% priced with a half point. 

[Read more…]

Mortgage interest rates stabilizing

Freddie Mac’s PMMS was released this morning showing that mortgage appear to be calming down…for now.

[Read more…]