What May Impact Mortgage Rates this Week: June 8, 2015

Mortgage rates have been marching higher. This week we have very few economic indicators scheduled to be released. Mortgage rates may take their directions from stocks – often moving in the opposite direction. Right now, rates for a jumbo mortgage 30 year fixed are lower than conforming rates!

  • Thursday, June 11: Initial Jobless Claims; Retail Sales
  • Friday, June 12: Producer Price Index (PPI); Consumer Sentiment (UoM)

Mortgage rates are continuing to trend higher compared to what I quoted on last week’s mortgage rate post.  As I write the post, Monday June 8, 2015 at 1:00 pm, I’m quoting:

EDITORS NOTE: Rates posted below are EXPIRED! If I can provide you with a current rate quote for your home located in Washington state, click here.

  • 30 year fixed: 4.000% (apr 4.135%) priced with 0.996 points with principal and interest (p&i) of $1,909.66.
  • 20 year fixed: 3.875% (apr 4.087%) priced with 0.967 points with p&i of $2,397.66.
  • 15 year fixed: 3.250% (apr 3.467%) priced with 0.903 points with p&i of $2,810.68.

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 July 10, 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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