What May Impact Mortgage Rates this Week: September 15, 2014

20140504_210758This is a painting on black velvet that I did of our Fed Chairwoman, Janet Yellen, that hangs in my office. All eyes and ears will be on the Fed after the two day meeting FOMC meeting wraps up today. Here are some of the economic indicators scheduled to be released this week:

  • Monday, September 15: Empire State Index
  • Tuesday, September 16: Producer Price Index
  • Wednesday, September 17: Consumer Price Index; Housing Market Index; FOMC
  • Thursday, September 18: Initial Jobless Claims; Building Permits; Housing Starts; Philadelphia Fed Index

As I write this post, Wednesday, September 17, 2014 at 8:00 am; I’m quoting:

NOTE: THESE RATES ARE EXPIRED. For a current rate quote on your home located in Washington state, please click here.

30 year fixed: 4.250% (apr 4.351%) priced with 0.605 points.

15 year fixed: 3.375% (apr 3.559%) priced with 0.675 points.

The 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 in the amount of $400,000 closing by October 24, 2014 or sooner. The home buyers have excellent credit scores of 740 or higher.

Rates quotes are subject to credit approval and may change at any time. In fact, by the time you’re reading this, rates may have already improved or deteriorated. This is just a very small sample of the rates and mortgage programs that I have available. If you would like me to provide you with a mortgage rate quote for your home located anywhere in Washington State, please click here.

 

 

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  1. […] Happy first day of fall! Mortgage rates continue to be in a fairly tight range and are slightly improved compared to last Monday’s rate post. […]

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