What May Impact Mortgage Rates this Week: September 8, 2014

mortgageporter-economyThis week’s calendar of economic indicators seems light, especially following last week that included the Jobs Report on Friday.

Remember, mortgage rates are based on bonds (mortgage backed securities) and often change throughout the day. Sometimes mortgage rates change only slightly by price (the cost for a specific rate) and of course, we can see dramatic rate changes as well. The direction of mortgage rates may be influenced by scheduled economic data, the direction of the stock market, inflation or even world events.

Here are some of the economic indicators scheduled to be released this week:

  • Thursday, September 11: Initial Jobless Claims
  • Friday, September 12: Retail Sales; Consumer Sentiment Index (UoM)

On this Saturday, September 13, 2014, I will be teaching a Home Buyers Education Class in Seattle along with Jim Reppond of Coldwell Banker Danforth. At this Washington State Housing Finance Commission sponsored class, students will learn more about the home buying process and will receive a certificate that will make them eligible for down payment assistance and/or mortgage credit certificates (MCC).  Lunch is provided and space is limited, click here to RSVP.

If I can help you with your home purchase or refinance of your home located in Woodinville, Walla Walla, Wallingford or anywhere in Washington state, I am happy to help you with your mortgage. Please click one of the links above (quote, apply or contact) if I can be of assistance.

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