What May Impact Mortgage Rates this week: November 16, 2015

I am so saddened by the events that have taken place in Paris and Beriut last week. Our hearts, prayers and thoughts are with the innocent people who were injured or lost their lives and to their families.

World events such as this may influence the direction of mortgage rates as traders may seek out the safety found in bonds, like mortgage backed securities. Tragic events may cause mortgage rates to lower.

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

• Monday, November 16: Empire State Index
• Tuesday, November 17: Consumer Price Index; Housing Market Index
• Wednesday, November 18: Housing Starts; Building Permits; FOMC Minutes
• Thursday, November 19: Initial Jobless Claims; Philadelphia Fed Index

Mortgage rates are improved in fee/points compared to last Monday’s rate post. As I write this, 12:40 pm on November 16, 2015, I am quoting:

EDITORS NOTE: The mortgage rates posted below are EXPIRED! For a current rate quote for your Washington home, please click here.

• 30 year fixed: 3.875% (apr 4.041%) priced with 1.264 points with p&i (principal and interest) of $1,880.95.
• 30 year fixed: 4.000% (apr 4.093%) priced with 0.386 points with p&i of $1,909.66.
• 20 year fixed: 3.750% (apr 3.906%) priced with 0.637 points with p&i of $2,319.84.
• 15 year fixed: 3.250% (apr 3.460%) priced with 0.738 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 December 24, 2015 or sooner.

Rates quoted are subject to credit approval and may change at any time. Payments quoted above do not include property taxes or insurance and are principal and interest only. 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.