What May Impact Mortgage Rates this Week: November 30, 2015

Welcome to the last day of November and Cyber Monday. I hope you had a wonderful Thanksgiving holiday.

Here are some of the economic indicators that are scheduled to be released this week, including the Jobs Report on Friday:

• Monday, November 30: Chicago PMI; Pending Homes Sales
• Tuesday, December 1: ISM Index
• Wednesday, December 2: ADP National Employment Report; Productivity; Beige Book
• Thursday, December 3: Initial Jobless Claims; ISM Services Index
• Friday, December 4: The Jobs Report

Mortgage rates are very slightly improved compared to last week’s mortgage rate post. As I write this, 8:30 am on November 30, 2015, I’m quoting:

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

• 30 year fixed: 3.875% (apr 4.046%) priced with 1.322 points with p&i (principal and interest) of $1,880.95.
• 30 year fixed: 4.000% (apr 4.097%) priced with 0.422 points with p&i of $1,909.66.
• 20 year fixed: 3.750% (apr 3.902%) priced with 0.602 points with p&i of $2,319.84.
• 15 year fixed: 3.250% (apr 3.463%) priced with 0.755 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 January 7, 2016 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.