What May Impact Mortgage Rates this Week: March 23, 2015 – RATES LOWER

2015-03-19 08.59.05Welcome to the last full week of March! The cherry blossoms are in full bloom in the Seattle. This photo is from one of the cherry trees in my front yard.

We’ve seen volatility this month with rates bouncing around like a March Madness basketball. Currently rates have have been trending lower.

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

  • Monday, March 23: Existing Home Sales
  • Tuesday, March 24: Consumer Price Index (CPI) and New Home Sales
  • Wednesday, March 25: Durable Goods Orders
  • Thursday, March 24: Initial Jobless Claims
  • Friday, March 25: Gross Domestic Product (GDP) and Consumer Sentiment (UoM)

As I write this post, 10:00 am on Monday, March 23, I’m quoting:

EDITORS NOTE: Rates posted below are expired! For current rates on your home located anywhere in Washington state, please click here.

30 year fixed: 3.625% (apr 3.771%) priced with 1.187 points with  a principal and interest (p&i) payment (taxes and insurance not included) of $1,824.21..

30 year fixed: 3.750% (apr 3.831%) priced with 0.390 points with p&i of $1852.46.

20 year fixed: 3.500% (apr 3.639%) priced with 0.635 points with p&i of $2,319.84.

15 year fixed: 3.000% (apr 3.151%) priced with 0.477 points with p&i of $2,762.33

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 amount of $400,000. The home buyers have excellent credit with credit scores of 740 or higher and the transaction is closing by April 30, 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.

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  1. […] rates are priced slightly higher compared to last week’s mortgage rate post. As I write this post, 8:38 am on Monday, March 30, 2015, I’m […]

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