Happy first day of fall! Mortgage rates continue to be in a fairly tight range and are slightly improved compared to last Monday’s rate post.
Here’s a short list of economic indicators that may impact the direction of mortgage rates this week:
What May Impact Mortgage Rates this Week: September 22, 2014.
September 22, 2014 by 1 Comment
What May Impact Mortgage Rates this Week: September 8, 2014
September 8, 2014 by Leave a Comment
This week’s calendar of economic indicators seems light, especially following last week that included the Jobs Report on Friday.
Remember, mortgage rates are based on bonds (mortgage backed securities) and often change throughout the day. Sometimes mortgage rates change only slightly by price (the cost for a specific rate) and of course, we can see dramatic rate changes as well. The direction of mortgage rates may be influenced by scheduled economic data, the direction of the stock market, inflation or even world events.
What May Impact Mortgage Rates this Week: September 1, 2014
September 1, 2014 by Leave a Comment
Happy Labor Day! Our office is closed today and will re-open for business as usual tomorrow morning at 9:00 am. This photo is from an hour or so ago at the dog park at Luther Burbank Park on Mercer Island. My hubby is tossing a bumper for our pup, Hitch (the black one to the right) and has a few other pups who are interested in playing too. What a gorgeous September day this is – I hope you and yours and having a wonderful holiday.
What May Impact Mortgage Rates this week: August 4, 2014
August 4, 2014 by 1 Comment
I hope you’re enjoying your summer. Can you believe that it’s already August? Tomorrow, August 5, 2014, is Seattle Night Out (actually, National Night Out) and many neighborhoods will be getting to know each better over block parties and/or pot luck dinners during this annual crime prevention event. This is a great excuse to get to know your neighbors better so if you don’t have anything planned tomorrow, why not knock on a few doors and have an impromptu pot luck? 🙂
Photo: Our puppy, Hitch, having fun with one of his neighbors, Sadie.
What May Impact Mortgage Rates this Week: July 28, 2014
July 28, 2014 by 1 Comment
This week is packed full of economic indicators that may influence mortgage interest rates, including the Fed meeting on Wednesday and Jobs Report on Friday. The Jobs Report carries a lot of weight with mortgage rates as it may indicate inflation. As the economy and employment improves, we may see signs of wage inflation. Inflation is the arch enemy of bonds, like mortgage backed securities – which mortgage rates are based on. World tensions may also impact mortgage rates as investors may seek the safety found in bonds.
