Mortgage rates holding steady at record lows

Freddie Mac’s weekly survey of mortgage rates (PMMS) were released this morning showing rates remaining at near record lows.

Click here for current rates for your home located in Washington state.Last week, the 30 year fixed averaged 3.90 priced with a half point at “year-to-date lows amidst ongoing economic uncertainty”. The uncertainty in the markets are providing a great opportunity for those who can lock in a low rate with a refinance.

It’s important to note that several factors impact the pricing of mortgage rates, such as loan to value (home equity), credit scores and debt-to-income ratios…and rates change constantly. Today’s rates may (and probably are) different than what was quoted last week.

If you’re home is located anywhere in Washington state, I’m happy to help you! Click here for a no hassle rate quote to get current pricing for your scenario.

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