What May Impact Mortgage Rates this Week: May 11, 2015

167522_1671562643181_1660852568_1649993_5021016_nI hope all you Mom’s had a wonderful Mother’s Day yesterday. I was lucky to be able to spend all day Saturday with my mom, who helped me during the West Seattle Community Garage Sale and to have lunch with her and my family on Sunday. My son and hubby made me a delish dinner last night… I can’t think of a better Mother’s Day. 🙂  This photo is a pic of my mom with her daughters at Disneyland.

On Friday, mortgage rates improved following the Jobs Report. This morning, they’re trending higher again and to essentially the same pricing as last Monday’s rate post (slightly improved pricing). People are often surprised by the recent volatility with rates and to learn that mortgage rates may change several times a day.

There are no economic indicators due to be released today or tomorrow. Here’s what’s on deck for the rest of the week:

  • Wednesday, May 13: Retail Sales
  • Thursday, May 14: Producer Price Index (PPI); Initial Jobless Claims
  • Friday, May 15: Empire State Index; Consumer Sentiment (UoM)

As I write the post, Monday, May 11, 2015 at 10:30 am, I’m quoting:

EDITORS NOTE: Rates quoted below are EXPIRED! Please click here if I can provide you with current mortgage rates for your home located in Washington state.

  • 30 year fixed: 3.750% (apr 3.894%) priced with 1.140 points with  a principal and interest (p&i) payment (taxes and insurance not included) of $1,852.46.
  • 20 year fixed: 3.625% (apr 3.806%) priced with 0.986 points with p&i of $2,345.61.
  • 15 year fixed: 3.000% (apr 3.207%) priced with 0.857 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 June 18, 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 pretty much the same as what I quoted on last Monday’s mortgage rate commentary (slightly higher in fee). As I write the post, Monday, May 18, 2015 at 8:20 am, I’m […]

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