Friday’s weaker than expected Jobs Report surprised the market, causing mortgage rates to improve. This week appears to be a little light on economic calender for indicators scheduled to be released. Watch for the FOMC minutes to be released on Wednesday. You may also want to watch the Seattle Mariners first game of the season this afternoon against the Angels. For the record, I will not be at the game today…it’s a typical work day for me, helping my clients buy and refinance homes around the greater Seattle area. 😉
Here’s what’s on deck this week:
- Monday, April 6: ISM Index
- Wednesday, April 8: FOMC Minutes
- Thursday, April 9: Initial Jobless Claims
Mortgage rates are improved compared to last week’s mortgage rate post. As I write this post, 8:38 am on Monday, April 6, 2015, I’m quoting:
EDITORS NOTE: Rates quoted below are EXPIRED! Please click here if I can provide you with current rates for your Washington state home.
30 year fixed: 3.625% (apr 3.737%) priced with 0.775 points with a principal and interest (p&i) payment (taxes and insurance not included) of $1,824.21..
20 year fixed: 3.500% (apr 3.657%) priced with 0.792 points with p&i of $2,319.84.
15 year fixed: 2.875% (apr 3.118%) priced with 1.118 points with p&i of $2,738.34.
15 year fixed: 3.000% (apr 3.118%) priced with 0.248 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 14, 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.
GO M’S!!!
[…] rates for the most part are slightly higher in fee compared to last week’s mortgage rate post. Check out the difference in pricing an 0.125 in rate with the 30 year and 15 year conventional. […]