It’s been a while since I’ve done a live post. I think today calls for a live post since the FOMC is meeting and it’s highly anticipated they will decide to increase rates. Mortgage rates have been steadily climbing since mid-November following the elections. There are several factors that are influencing the upward move in rates, including what appears to be a better economy along with signs of inflation. [Read more…]
Big Day with the Fed! [LIVE POST]
December 14, 2016 by Leave a Comment
Mortgage rates continue to climb higher
December 1, 2016 by Leave a Comment
Freddie Mac released their Prime Mortgage Market Survey (PMMS) this morning showing rates continuing to move higher.
Mortgage rates expected to trend higher following the October Jobs Report
November 5, 2016 by Leave a Comment
Yesterday morning, the Jobs Report was released with data for the month of October. The report gave an overall healthy picture of the economy and came in slightly stronger than expected with 161,000 jobs added in October and positive revisions made to August and September. [Read more…]
Mortgage rates dropping following the Brexit
June 24, 2016 by 1 Comment
Investors had been banking on the Brits staying in the European Union. This morning’s Brexit narrow vote to leave the EU results stunned the markets. The Dow was down over 500 points. This morning, mortgage rates are dropping.
Want to lock in a historically low mortgage rate? You can start with getting a rate quote or by starting a pre-application. NOTE: I am licensed to originate mortgages for homes located in Washington State.
Mortgage rates drop following the Jobs Report
June 3, 2016 by Leave a Comment
The morning the Jobs Report was released with weaker than expected data with only 38K non-farm jobs added in May. This is far less than the anticipated 155k jobs. In addition, April’s Jobs Report was revised with fewer jobs than originally reported. [Read more…]
What may impact the direction of mortgage rates this week: March 14, 2016
March 15, 2016 by Leave a Comment
This week is packed with economic data that may impact the direction of already volatile mortgage rates. Mortgage rates are based on bonds (mortgage backed securities/MBS) and change throughout the day, similar to stocks. MBS may often move in the opposite direction of stocks as investors will seek the safety of bonds when stocks are being volatile.
What May Impact Mortgage Rates this Week: February 29, 2016
February 29, 2016 by Leave a Comment
Happy Leap Year Day! This week is packed full of economic indicators that may impact the direction of mortgage interest rates including the Jobs Report on Friday.
What may impact mortgage rates this week: February 22, 2016
February 22, 2016 by Leave a Comment
Mortgage rates remain at very low levels. Here are some of the economic indicators scheduled to be released this week.
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