Mortgage Rates slightly improved

NOTE: Rates posted below are expired. For current rates on homes located anywhere in Washington state, please click here.

Freddie Mac’s Prime Mortgage Market Survey released this morning shows that mortgage rates have been slightly improving.


It’s important to note that this data is from last week and that these rates are not current. This graph merely illustrates the movement of interest rates over the 12 months. The bottom row actually dates back to 1970.


You can see by the green chart that mortgage rates (mortgage backed securities) have been improving. The green sticks show mortgage backed securities improving. The higher the green stick, the lower the mortgage interest rate will be. The red sticks indicate mortgage backed securities deteriorating which translates to mortgage interest rates moving higher. Mortgage rates change constantly – sometimes several times a day.

The rates quoted above for Freddie Mac’s chart are based on borrowers with excellent credit who have a 20% down payment. There are several factors that impact what your mortgage rate may be.

If you are buying, refinancing or need a second mortgage for your home located anywhere in Washington, I am happy to help you! Click here for a no-hassle mortgage rate quote.

 

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