Freddie Mac released their weekly mortgage interest rate survey showing that mortgage rates have continued to trend lower.
Tomorrow we have the Jobs Report being released which tends to impact the direction of mortgage rates as it’s an indicator of inflation. Inflation is the “arch enemy” to bonds, like mortgage backed securites, and therefore tends to drive mortgage rates higher. Stay tuned!
Freddie’s PMMS is based on an average of mortgage rates from last week‘s applications for purchases with 20 percent down with excellent credit. Being the rates shared in this report are from last week, they are technically “expired” as mortgage rates change constantly – sometimes several times a day…especially in volatile markets. The PMMS is a great tool for seeing trends and where mortgage rates have been. It’s not a good tool for where rates are “right now”.
If you would like to know where mortgage rates are right now based on your personal scenario for a refi or purchase for homes located anywhere in Washington state, I’m happy to help you!
Freddie Mac released their weekly mortgage rate update, 
ortgage rates for a 30 year fixed conventional mortgage are back to very low levels. This is largely due to current global concerns which may create a opportunity of opportunity for those who may benefit from a refinance.
It used to be that people would say that you can qualify to buy a home three times your annual salary…this is actually not really the case. When qualifying to buy a home (i.e. get a mortgage) lenders consider your income, monthly debts and the amount of funds you have for down payment and closing cost. 
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