Today Freddie Mac released their Prime Mortgage Market Survey which reports average conforming mortgage rates from last week.
From Freddie Mac Chief Economist, Stan Becketti:
“Investors flocked to the safety of government bonds causing the 10-year Treasury yield to continue its descent following the FOMC’s decision to leave rates unchanged. The 30-year fixed-rate mortgage responded by dropping 6 basis points before landing at 3.42 percent — a ten-week low. The course of the economy is uncertain, yet consumers continue to be a bright spot. The September consumer confidence index is up 3 percent to 104.1, exceeding forecasts and reaching a new cycle high.”
So if you’ve been sitting on the fence, contemplating a refinance – there’s no time like right now.
If your home is located anywhere in Washington state, where I’m licensed, I’m happy to help you. 🙂
Here are a few suggestions for when you are preparing a purchase and sales agreement to help avoid delays. NOTE: I’m NOT an attorney and this is NOT legal advice. I’m simply a Licensed Loan Officer offering suggestions based on my observations. 🙂 
If you are buying, selling or refinancing a home right now, you might be quite surprised to learn about the current state of appraisals. It ain’t pretty…far from it. 
Many home owners in Washington state are looking into refinancing with how historically low mortgage interest rates currently are. 
Recent Comments