What May Impact Mortgage Rates this Week: March 30, 2015

This week is set to have volatility continue with mortgage interest rates based on what’s on deck for economic indicators scheduled to be released, including the Jobs Report on Friday. Here’s this week’s line up:

• Monday, March 30: Personal Consumption Expenditures and Core PCE; Pending Home Sales
• Tuesday, March 31: S&P/Case-Shiller Home Price Index; Chicago PMI; Consumer Confidence
• Wednesday, April 1: ADP National Employment Report; ISM Index
• Thursday, April 2: Initial Jobless Claims
• Friday, April 3: The Jobs Report

Mortgage 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 quoting:

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

30 year fixed: 3.625% (apr 3.788%) 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 3.847%) priced with 0.390 points with p&i of $1852.46.

20 year fixed: 3.500% (apr 3.707%) priced with 1.222 points with p&i of $2,319.84.

20 year fixed: 3.625% (apr 3.732%) priced with 0.344 points with p&i of $2,345.61.

15 year fixed: 3.000% (apr 3.174%) priced with 0.636 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 May 7, 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.