What May Impact Mortgage Rates this Week: April 27, 2015

mortgageporter-economyWe don’t have any economic indicators scheduled to be released today. The rest of the week is packed with data that may influence the direction of mortgage interest rates, including the FOMC meeting that will be wrapping up on Wednesday. No change to the Fed funds rate is expected. Here’s what’s on deck with this week:

  • Tuesday, April 28: S&P/Case Shiller Home Price Index; Consumer Confidence
  • Wednesday, April 29: Gross Domestic Product (GDP); GDP Chain Deflator; Pending Home Sales; FOMC Meeting
  • Thursday, April 30: Personal Consumption Expenditures and Core PCE; Initial Jobless Claims; Chicago PMI
  • Friday, May 1: ISM Index; Consumer Sentiment (UoM)

This Saturday, May 2, 2015, I will be teaching a home buyers class in Renton at the Fairwood Library. Students who attend this WSHFC class are eligible for WSHFC mortgage programs, down payment assistance programs and mortgage tax credits (MCC). Please rsvp here – space is limited.

Mortgage interest rates are priced slightly higher compared to last week’s mortgage rate post. Check out how much an 0.125% in rate will cost with the quotes below. As I write this post, 8:50 am on Monday, April 27, 2015, I’m quoting:

  • 30 year fixed: 3.625% (apr 3.748%) priced with 0.906 points with  a principal and interest (p&i) payment (taxes and insurance not included) of $1,824.21.
  • 30 year fixed: 3.750% (apr 3.804%) priced with 0.059 points with p&i of $1,852.46
  • 20 year fixed: 3.500% (apr 3.675%) priced with 0.944 points with p&i of $2,319.84.
  • 15 year fixed: 2.875% (apr 3.129%) priced with 1.187 points with p&i of $2,738.34.
  • 15 year fixed: 3.000% (apr 3.135%) priced with 0.362 points with p&i of $2,762.33

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 June 4, 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.

Mortgage interest rates still near historic lows

In a recent blog post, “Mortgage Rates: Still the Deal of the Century”, Freddie Mac shares this graphic illustrating just how low mortgage rates currently are. Obviously I thought this was too good not to share with my readers too.

Freddie_Mac_Deal_of_the_Century

[Read more…]

What May Impact Mortgage Rates this Week: April 13, 2015

mortgageporter-economyMortgage rates have been bouncing in a fairly tight range. Although we don’t have any economic indicators scheduled to be released today, the rest of this week is packed:

[Read more…]

Freddie Mac Mortgage Survey reports Mortgage Rates Lower

Freddie Mac’s survey of what mortgage lenders reported for conforming rates last week revealed that mortgage interest rates trended lower. You can see based on the chart below that rates have been bouncing in a tight range, remaining below 4%.

Freddie_Mac_March_26_2015

[Read more…]

What May Impact Mortgage Rates this Week: March 16, 2015 | LIVE Mortgage Rate Post

dundeeMy apologies for being a couple days late on this post which is typically published on Mondays… I had Monday off (it was my birthday) and with taking a day off, I had fun catching up on emails yesterday.

For my birthday, my husband and I went to Pinot country in Oregon – it is absolutely beautiful. If you enjoy pinot noir or crisp white wine, I recommend you check it out!

[Read more…]

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

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.

[Read more…]

What May Impact Mortgage Interest Rates this week: March 2, 2015 – Rates Improved

MortgagePorter-JobsReportThis being the first week of the month, means that Friday, we will have the Jobs Report. Last month, the better than expected Jobs Report sent mortgage rates trending higher.

Here are some of the economic indicators scheduled to be released this week:

[Read more…]

What May Impact Mortgage Rates this Week: February 23, 2015

mortgageporter-economyThis week is packed full of economic indicators and events that may influence the direction of mortgage interest rates, including Fed Head Janet Yellen’s two day testimony in front of Congress which starts tomorrow. Here’s a list of economic indicators scheduled to be released this week:

[Read more…]