What May Impact Mortgage Rates this week: November 23, 2015

This is a very short week stuffed with economic indicators that may impact the direction of mortgage interest rates.

The markets will be closed on Thursday for Thanksgiving and will close early on Friday.

• Monday, November 23: Existing Home Sales
• Tuesday, November 24: Gross Domestic Product (GDP); New Home Sales; Consumer Confidence
• Wednesday, November 25: Personal Consumption Expenditure (PCE); Initial Jobless Claims; Consumer Sentiment Index (UoM); New Home Sales
• Thursday, November 26: HAPPY THANKSGIVING!

Mortgage Master will be closing early on Wednesday and will re-open for business as usual on Monday, November 30, 2015.

Mortgage rates are slightly higher in fee compared to last week’s post. As I write this, 2:00 pm on November 23, 2015, I am quoting:

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

• 30 year fixed: 4.000% (apr 4.109%) priced with 0.570 points with p&i (principal and interest) of $1,909.66.
• 20 year fixed: 3.750% (apr 3.915%) priced with 0.708 points with p&i of $2,319.84.
• 15 year fixed: 3.250% (apr 3.475%) priced with 0.834 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 31, 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.