Every Thursday morning, Freddie Mac publishes the Prime Mortgage Market Survey, a weekly report based on conventional rates from the previous week. It’s an average and it’s also “old news” as a borrower cannot lock in last week’s rates… they can only lock in what’s available “now”. Last week’s survey shows that rates are remaining at historically low levels.
With that said, I don’t anticipate that rates will remain at these low levels forever. It will be interesting to see how having a new Fed Chair, assuming President Trump retires Janet Yellen as he’s indicating, will impact the direction of mortgage interest rates.
What we do know is rates are low “now” and that many home owners are appreciating increased equity… so if you’ve been considering refinancing, you may want to get the ball rolling.
I’m happy to help you with your purchase or refi of homes located anywhere in Washington state, where I’m licensed. Click here for a no-hassle mortgage rate quote.
In light of Equifax’s recent massive credit breach, many people are going through the process of “freezing” their credit with each of the credit bureaus. This prevents someone from obtaining a new credit account in your name (it does not prevent them from using existing credit). I actually decided to freeze my credit a while back when it appeared that someone was trying to commit fraud with our address. It’s not that difficult to do and it’s pretty easy to forget about…until you decide to apply for new credit, such as 
