Mortgage Rates are LOW!! It’s time to refi…again!

Going Down Arrow Mortgage rates have been very low the past couple of days creating a flurry of refinances.

Just how low? Try 3.500% for a 30 year fixed conventional mortgage (apr 3.652%) priced with 1.152 points.

And how about 2.750% for a 15 year fixed conventional mortgage (apr 3.022%) priced with 1.199 points.

Rates quoted above are as of May 6, 2016 as of 12:30 pm PST and are subject to change at any time and are subject to credit approval. Click here for your no hassle mortgage rate quote for homes located anywhere in Washington state.

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Mortgage interest rates lowest in 12 months

pmms feb 11 2016
Freddie Mac released their PMMS report yesterday revealing that mortgage rates are at levels we haven’t seen in a year. This is the sixth week in a row that that Prime Market Mortgage Survey has reported rates trending lower. [Read more…]

Freddie Mac PMMS “Lower than expected” Mortgage Rates!

feb 4 pmms
This morning Freddie Mac released their weekly Prime Mortgage Market Survey report with a title that I couldn’t agree with more: “Lower-than-expected mortgage rates offer refinance opportunity“.

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Freddie Mac Reports Rates Continue Lower for 4th Week in a Row

Freddie Mac’s PMMS Report reveals that conforming mortgage rates continued to trend lower last week with the 30 year conventional averaging 3.79% with 0.6 points.

Jan 28 16 PMMS

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Freddie Mac PMMS Reports Lowest Mortgage Rates in Three Months

PMMS Jan 14 2016
Freddie Mac’s Primary Mortgage Market Survey reports that mortgage rates continued to trend lower last week with the 30 year fixed conventional mortgage averaging 3.81 with 0.6 points. [Read more…]

Freddie Mac PMMS Reports Mortgage Rates Under 4

Jan 7 2016 Freddie Mac PMMSFreddie Mac’s Prime Mortgage Market Survey released today reports that mortgage rates for the 30 year fixed conforming averaged just below 4% last week. [Read more…]

What May Impact Rates this week: December 21, 2015

Dad_SantaThis is a short week with the Christmas holiday rapidly approaching. With many traders being on vacation for the holidays, we will most likely see additional volatility through the end of this year. Next week will be a short holiday week as well.

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

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How the Fed impacts Mortgage Rates [LIVE MORTGAGE RATE POST]

20140504_210758Today is “Fed Day” and it’s widely anticipated that we will see our first increase to the Fed Funds rate in years.

Fed Chair Janet Yellen is expected to announce an increase of 0.25% to the Fed Funds rate following the wrap up of today’s FOMC meeting around 11:00 PST.

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