What May Impact Mortgage Rates this Week: August 12, 2013

mortgageporter-economyWe don’t have any economic indicators scheduled to be released today…however, the rest of this week is loaded with data that could impact mortgage rates. If the reports reveal inflation heating up, mortgage rates may trend higher. Here’s a list of what’s scheduled for this week:

  • Tuesday, August 13: Retail Sales
  • Wednesday, August 14: Producer Price Index (PPI)
  • Thursday, August 15: Empire State Index; Initial Jobless Claims; Consumer Price Index (CPI); Philadelphia Fed Index
  • Friday, August 16: Building Permits; Productivity; Housing Starts; Consumer Sentiment Index (UoM)

Mortgage rates for a 30 year fixed conventional purchase are slightly improved compared to what I quoted on last Monday’s post.

As of August 12, 2013 at 12:20 pm, based on a 30 year fixed rate with a conventional loan amount of $400,000 and a sales price of $500,000 in greater Seattle closing by September 19, 2013 or sooner…for home buyers with credit scores of 740 or higher, I’m quoting:

  • 4.375% (apr 4.5195) priced with 0.849 points. 
  • 4.500% (apr 4.585%) priced with 0.150 points.

Remember, mortgage rates change constantly and may have adjusted by the time I’ve published this post. For your personal rate quote for your home located anywhere in Washington state, please click here.



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