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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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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Mortgage Rate update the week of September 24, 2012

We don’t have economic indicators set to be released today however mortgage rates are being influenced once again by the Eurozone.  There are more potential issues with Greece that may be revealed by the Troika report after our elections.

Here are some of the economic indicators scheduled to be released this week that may impact mortgage rates:

Tuesday, Sept. 25: S&P/Case-Shiller Home Price Index and Consumer Confidence

Wednesday, Sept. 26: New Home Sales

Thursday, Sept 27: Initial Jobless Claims; Durable Goods Orders; GDP (Gross Domestic Product); Pending Home Sales

TGI Friday, Sept 28: PCE (Personal Consumption Expenditures); Chicago PMI and Consumer Sentiment (UoM)

Mortgage rates continue to be at very low levels, even if you have refinanced a year ago, it may be worth considering a refinance. Today’s home buyers may qualify for “more home” thanks to how low today’s mortgage rates are. If you’re considering buying your first or move up home, an investment property or a vacation home, contact your local mortgage professional to get preapproved.

This morning, for a purchase with a sales price of $500,000 with 20% down payment with 740+ credit scores and taxes and insurance included in the mortgage payment, I’m quoting for 30 year fixed: 3.375% (apr 3.440) with a slight rebate credit towards closing cost or 3.250% (apr 3.340) priced with a small discount.

If you are interested in a mortgage for a home located in Redmond, Renton, Redondo or anywhere in Washington, I’m happy to help you!