I hope you had a Happy Presidents Day! Our office is closed in observance of this holiday. We will reopen for business as usual, along with the markets, Tuesday morning, February 16, 2016.
However, I still want to share what economic data may influence the direction of mortgage rates for the remainder of this week.
- Tuesday, February 16: Empire State Index; Housing Market Index
- Wednesday, February 17: Producer Price Index (PPI); Housing Starts; Building Permits; FOMC Minutes
- Thursday, February 18: Initial Jobless Claims; Philadelphia Fed Index
- Friday, February 19: Consumer Price Index (CPI)
We have a lot of data set to be released during this short week. Watch for signs of inflation, which may cause mortgage rates to trend higher off their very low levels.
If I can help you with your refinance or purchase of a home located anywhere in Washington state, please contact me.
Welcome to February! As it’s the first week of a month, we have the Jobs Report due to be released this Friday. Mortgage rates are at their lowest levels in months. Many Washington home owners are taking advantage and refinancing to either reduce their payment, shorten their mortgage terms or taking cash out for home improvements or to consolidate debt. We are also seeing more home buyers in action too! 
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