Here are a few of the scheduled economic indicators which may impact mortgage rates this week:
Tuesday, June 19: Housing Starts and Building Permits.
Wednesday, June 20: FOMC Meeting
Thursday, June 21: Initial Jobless Claims, Existing Home Sales and Philadelphia Fed Index
Remember, mortgage interest rates are based on mortgage backed securities (bonds) and when the stock market is rallying, rates tend to trend higher. The reverse is also true, as investors will seek the safety of bonds when stocks are tanking.
As Greece seems to be out of the hot water for now, the next event to watch for may be the results of the FOMC Meeting on Wednesday. All eyes and ears will be tuned in for whether or not there will be more stimulus with QE3.
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If you would like to provide you with a personal rate quote for a home purchase or refinance on your home located anywhere in Washington state, click here.
On my recent post, Comparing 15 and 20 Year Fixed Rates, a reader asks how do I decide which program is best for my clients? The short answer is: I don’t. The decision of what type of mortgage to select is up to my client (assuming they qualify for the shorter term mortgage with the higher payment, of course). I feel it is my duty to help my clients understand the mortgage programs, so they can make an educated decision and to provide them with various scenarios to consider. 
