What May Impact Rates this Week: January 19, 2015 [Mortgage Rate Post: Rates trending lower]

10527303_10152476072701046_2911459444863856330_nHoly Catfish – the Seahawks are going to the Superbowl! Okay, now I can return to writing this week’s mortgage rate update.

This is a short week with yesterday’s holiday honoring Martin Luther King. There are not a lot of U.S. economic indicators scheduled to be released this week. Elsewhere in the world, China has some interesting developments taking place in their markets yesterday and the ECB’s monetary policy decision will be released on Thursday, which may impact our markets.

  • Monday, January 19, 2015: Martin Luther King Day. Markets closed.
  • Tuesday, January 20, 2015: Housing Market Index
  • Wednesday, January 21, 2015: Housing Starts; Building Permits
  • Thursday, January 22, 2015: Initial Jobless Claims
  • Friday, January 23, 2015: Existing Home Sales

On Saturday, January 24, 2015, I will be teaching a home buyer class with Jim Reppond at the Lake Forrest Park Library. We have a few seats open so please rsvp if you would like to attend.  Lunch is included and attendees are eligible for various mortgage programs, down payment assistance and mortgage credit certificates.

Compared to last Monday’s rate post, mortgage rates are improved. As I write this post, 8:15 am on January 12, 2015, I am quoting:

NOTE: Mortgage rates quoted below are now expired. If you would like me to provide you with a mortgage rate quote, please click here.

30 year fixed: 3.625% (apr 3.748%) priced with 0.903 points with  a principal and interest (p&i) payment (taxes and insurance not included) of $1,825.

30 year fixed: 3.750% (apr 3.799%) priced with 0.071 rebate credit with p&i of $1,853.

20 year fixed: 3.375% (apr 3.548%) priced with 0.930 points with p&i of $2,295.

20 year fixed: 3.500% (apr 3.611%) priced with 0.387 points with p&i of $2,320.

15 year fixed: 2.875% (apr 3.104%) priced with 1.017 points with p&i of $2,739.

15 year fixed: 3.000% (apr 3.101%) priced with 0.128 points with p&i of $2,763.

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 February 27, 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.

Photo: Me and my sister, Janette (who’s also my Production Partner on my team at Mortgage Master Service Corporation) at the last Seahawk game of 2014.




  1. […] rates are lower compared to the last time I quoted mortgage rates two weeks ago. As I write this post, 9:00 am on Monday, February 2, 2015, I am […]

Please leave a reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.