Happy President’s Day! Our office is closed today to observe the holiday and will reopen for business as usual tomorrow morning. Mortgage rates inched higher last week following the stronger than expected Jobs Report. Overall, mortgage rates are still very low and offer a great opportunity for home buyers and home owners who are considering refinancing. Click here if I can provide you with a current mortgage rate quote.
What May Impact Mortgage Rates this Week: February 16, 2015
February 16, 2015 by Leave a Comment
Mortgage rate update for the week of February 11, 2013
February 11, 2013 by Leave a Comment
Although still very low, mortgage rates have been trending higher. This morning I’m updating a quote for a Seattle home owner who is considering refinancing. The same rate I quoted her a month ago today at “par” (no discount points) will now cost a full discount point or is 0.125 – 0.25% higher in interest rate with similar pricing. I have more on current mortgage rates below.
As the economy improves and the stock market rallies, mortgage rates tend to rise. This is because investors will trade the safety of bonds (like mortgage backed securities) for the potential better return with stocks.
Recent Comments