Helping Washington State homeowners learn more about their mortgage options.
Mortgage Master representing the 12th Man!
SEA – HAWKS!!! SEA – HAWKS!!! Yes, I’m still very excited and thrilled over our team’s incredible Super Bowl win. Although trouncing the Denver Bronco’s in the big game won’t impact mortgage interest rates, it certainly influences the mood here in Seattle and for all Seattle Seahawk fans. We did it!!
What does this grainy picture of me and Coach Knox have to do with mortgage rates? Nothing… but this week has everything to do with the Seattle Seahawks as we count the minutes down to the Super Bowl!! This photo was taken in 1986 for a calendar back when I worked in a title unit at Chicago Title… I’m wearing Kenny Easley’s uniform and yes, that is really Chuck!
This week is packed full of economic indicators that my impact the direction of mortgage interest rates. Also, mortgage rates are based on bonds (mortgage backed securities) and when there is a sell off in the stock market, we tend to see mortgage rates improve. This is because investors will seek the safety of bonds over the volatility sometimes found with stocks. We’re seeing a bit of that now with mortgage rates trending lower.
Woooo whoooo SEAHAWKS!! Okay, I know that winning the NFC Championship against the 49er’s has nothing to do with mortgage interest rates… I just couldn’t help myself 🙂
This week’s economic calendar is very light. Markets, as well as our office, were closed yesterday to observe Martin Luther King Day.
Mortgage rates are improved following Friday’s disappointing Jobs Report.
Mortgage rates are based on bonds (mortgage backed securities) which can react in reverse to stocks. If stocks are on a hot streak, you may see investors trade of safety of bonds for the potentially quicker return found in stocks (the reverse is also probable). Signs of inflation may also cause mortgage rates to trend higher.
Here are the economic indicators scheduled to be released this week (no indicators are scheduled for today):
This week we’ ll be watching for the minutes from the last FOMC meeting and the Jobs Report as they may impact the direction of mortgage interest rates. It’s anticipated that employers added 197k jobs in December. Here are the economic indicators scheduled to be released this week:
Welcome to the last mortgage rate update for 2013! This is another short holiday week. December’s Job’s Report will not be released until next Friday, January 10, 2014.
Here are the economic indicators scheduled to be released this week:
Happy Holidays! With this being a short week due to Christmas, we may see a bit more volatility with mortgage rates with many traders taking time off for the holidays. Markets will be closing early on Tuesday for Christmas Eve and will be closed all day Wednesday. Here are some of the economic indicators scheduled to be released this week:
This week, it’s safe to say that all eyes and ears will be on the Fed as they wrap up their meeting this Wednesday. If they indicate they will pull back on their support of keeping mortgage rates low, then expect to see rates trend higher. We’ll know more on Wednesday! With many traders on vacation during the holiday season, we can also anticipate that the markets may be more volatile than they would typically be.
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…
Recent Comments