What May Impact Mortgage Rates this Week: December 22, 2014

santawalletThe last two weeks of this year are short ones due to the holidays. Many traders may be on vacation so you can anticipate the volatility to continue with stock and bond markets, which means we may see mortgage rates bump around a bit as well.

Bond markets will be closing early on Wednesday and will be closed on Thursday, as will Mortgage Master Service Corporation. Friday will be “back to normal” as far as work hours are concerned. 🙂  Next week will also be a shorter week with the New Year holiday.

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

  • Monday, December 22: Existing Home Sales
  • Tuesday, December 23: Gross Domestic Product (GDP); Durable Goods Orders; Personal Consumption Expenditures (PCE); New Home Sales; Consumer Sentiment Index (UoM)
  • Wednesday, December 24: Initial Jobless Claims
  • Thursday, December 25: Merry Christmas!

Mortgage rates are still very low…30 & 20 year are priced higher and the 15 year is improved compared to what I quoted in last Monday’s rate post.  As I write this, December 22, 2014 at 8:00 am, I’m quoting:

EDITORS NOTE: These rates are expired! For a current mortgage rate quote for your Washington home, please click here.

30 year fixed: 3.750% (apr 3.903%) priced with 1.217 points with  a principal and interest (p&i) payment (taxes and insurance not included) of $1,853.

30 year fixed: 3.875% (apr 3.978%) priced with 0.608 points with p&i of $1,881.

20 year fixed: 3.625% (apr 3.827%) priced with 1.133 points with p&i of $2,346.

15 year fixed: 3.000% (apr 3.244%) priced with 0.914 points with p& of $2.763.

15 year fixed: 3.125% (apr 3.293%) priced with 0.090 points with p&i of $2,787.

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 January 29, 2015 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.


  1. […] rates are still extremely low. However, they will cost you a bit more in fee compared to last week’s mortgage rate post. As I write this, December 29, 2014 at 8:00 am, I’m […]

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