Helping Washington State homeowners learn more about their mortgage options.
This week’s economic calendar appears to be on the lighter side.
Mortgage rates are still at very low levels. [Read more…]
I am writing this post from the 2014 Flat Coat Retriever Specialty competition in Albany Oregon. This photo is from this morning’s sweepstakes for 6-9 month old puppies and I”m pleased to share with you that Hitch and I took 4th place out of 16 puppies. Not too bad for our first show (both rookies). This has nothing to do with mortgages but I’m so proud of my puppy, that I just had to share this with you.
Okay…back to mortgages and what may impact the direction of rates this week. No economic indicators were released today. Here’s what the rest of the week looks like:
We begin this week with celebrating Memorial Day, to remember and thank our Veterans and their families for their sacrifices when serving our country.
Here are some of the economic indicators scheduled to be released this week:
This week we have the following scheduled economic indicators that may impact mortgage interest rates:
I hope all you Moms had a wonderful Mother’s Day weekend. 🙂
On Friday, the DOW enjoyed a record high close at 16,583. Mortgage rates are based on mortgage backed securities (bonds) and often change throughout the day. Here’s what may impact the direction of mortgage interest rates this week:
Happy Cinco de Mayo! This week’s calendar is very light, especially when you compare it to the amount of economic data that was released last week. It’s not just economic reports that may move mortgage rates. The stock markets or world events, such as what’s going on with Russia, may impact the direction of mortgage rates. Here are the economic indicators scheduled to be released this week:
This week is jam packed with data that may impact the direction of mortgage interest rates. Mortgage rates are based on bonds (mortgage backed securities) and are traded similar to stocks. Often times, mortgage rates will improve when we see the stock market taking a hit or rise when the stock market is rallying. This is because investors will trade the safety of bonds for the greater returns potentially found with stocks. The reverse is also true.
This week’s economic calendar appears to be a little on the light side. There are no economic indicators due today. Here are the economic indicators scheduled to be released this week:
Rhonda Porter is a Licensed Mortgage Originator MLO121324 living in the greater Seattle area. Rhonda began her career in 1986 in the title and escrow industry and began her mortgage career in 2000. She enjoys helping people understand the mortgage process and started writing The Mortgage Porter in late 2006. Read More…
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