What May Impact Mortgage Rates this Week: November 10, 2014

This is a short week with Veterans Day on Tuesday (bond markets will be closed) and a light economic calendar. Rates are improved compared to what I quoted last Monday.

• Tuesday, November 11, 2014: Veterans Day.
• Thursday, November, 13, 2014: Initial Jobless Claims
• Friday, November 14, 2014: Retail Sales; and  Consumer Sentiment (UoM)
• On Saturday, November 15th, I will be teaching a home buyers class with Jim Reppond in Seattle, just south of Northgate Mall. The free class is from 11:00 – 4:00 and lunch is included. Attendees are eligible for down payment assistance, mortgage credit certificates and mortgage programs offered by the Washington State Housing Finance Commission. You can rsvp here.

As I write this post, 3:00 pm on November 10, 2014,  I’m quoting: EDITORS NOTE: Check out when I wrote this post – these rates are expired! For current mortgage rates on  your home located anywhere in Washington state, please click here.

30 year fixed: 3.875% (apr 4.035%) priced with 1.350 points with  a principal and interest (p&i) payment (taxes and insurance not included) of $1,881.

30 year 4.000% (apr 4.101%) priced with 0.634 points with p&i of $1,910.

20 year fixed: 3.750% (apr 3.892%) priced with 0.676 points with p&i of $2,372.

15 year fixed: 3.125% (apr 3.361%) priced with 1.088 points with p&i of $2,786.

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 loan amount of $400,000. The home buyers have excellent credit with credit scores of 740 or higher and the transaction is closing by December 18, 2014 or sooner.

Rates quoted are subject to credit approval and may change at any time. This is just a small sample of the mortgage rates and programs that I have available. If you would like me to provide you with a mortgage rate quote for your home purchase or refinance on your home located anywhere in Washington state, please click here.