What May Impact Mortgage Rates this Week: April 21, 2014

This week’s economic calendar appears to be a little on the light side. There are no economic indicators due today. Here are the economic indicators scheduled to be released this week:

• Tuesday, April 22: Existing Home Sales
• Wednesday, April 23: New Home Sales
• Thursday, April 24: Initial Jobless Claims
• Friday, April 25: Consumer Sentiment

Mortgage interest rates remain low. Here’s an example of rates that I’m quoting as of 9:10 am, April 21, 2014 (NOTE: mortgage rates change constantly, sometimes several times a day. If you would like me to provide  you with a current rate quote, please click here).

Rates quoted below are based on a purchase in the greater Seattle with a sales price of $500,000 and a conventional loan amount in the amount of $400,000 (20% down payment) with credit scores of 740 or higher, escrow reserve account not waived and closing by May 29, 2014. Rates are subject to credit approval.

30 year fixed: 4.375% priced with 1.053 points (apr 4.602%) principal and interest payment of $1,997.14.

30 year fixed: 4.500% priced with 0.130 points (apr 4.652%) principal and interest payment of $2,026.74.

15 year fixed: 3.375% priced with 1.132 points (apr 3.687%) principal and interest payment of $2,835.04.

15 year fixed: 3.500% priced with 0.432 points (apr 3.709%) principal and interest payment of $2,859.53.

This is just a very small sample of the mortgage programs I have available.  If you’re considering buying a home or refinancing your home, vacation or investment property located anywhere in Washington state, please contact me! I would love to help you with the financing of your home.