It’s the first week of the month and that typically brings us the Jobs Report on Friday morning. It is anticipated that 227,000 new jobs were added last month…we’ll see Friday if the numbers come in as anticipated. The Jobs Report is not just about how many jobs were added to the economy, it also reflects wages. Data that indicates potential inflation may cause mortgage rates to deteriorate.
What May Impact Mortgage Interest Rates this Week: August 3, 2015
August 3, 2015 by 1 Comment
What May Impact Mortgage Rates this Week: July 27, 2015 – Mortgage Rates trending LOWER!
July 27, 2015 by 1 Comment
I’m back from my vacation, sailing the Broughton Islands in Vancouver, B.C. with my hubby and our (almost) 2 year old puppy, Hitch. Thanks to my great team at Mortgage Master for taking care of my clients while I was enjoying some time off. I’m relaxed, refreshed, recharged and ready to help you with your mortgage needs.
The Chinese stock market is taking a hit as the Shanghai Composite lost 8.5% overnight. This is giving mortgage backed securities a bit of a boost this morning. Check out the mortgage rates I’ve posted below.
What May Impact Mortgage Rates this Week: April 27, 2015
April 27, 2015 by 3 Comments
We don’t have any economic indicators scheduled to be released today. The rest of the week is packed with data that may influence the direction of mortgage interest rates, including the FOMC meeting that will be wrapping up on Wednesday. No change to the Fed funds rate is expected. Here’s what’s on deck with this week:
What May Impact Mortgage Rates this Week: April 13, 2015
April 13, 2015 by 1 Comment
Mortgage rates have been bouncing in a fairly tight range. Although we don’t have any economic indicators scheduled to be released today, the rest of this week is packed:
What May Impact Mortgage Rates this Week: March 23, 2015 – RATES LOWER
March 23, 2015 by 1 Comment
Welcome to the last full week of March! The cherry blossoms are in full bloom in the Seattle. This photo is from one of the cherry trees in my front yard.
We’ve seen volatility this month with rates bouncing around like a March Madness basketball. Currently rates have have been trending lower.
What May Impact Mortgage Rates this Week: February 23, 2015
February 23, 2015 by 1 Comment
This week is packed full of economic indicators and events that may influence the direction of mortgage interest rates, including Fed Head Janet Yellen’s two day testimony in front of Congress which starts tomorrow. Here’s a list of economic indicators scheduled to be released this week:
What May Impact Mortgage Rates this Week: February 16, 2015
February 16, 2015 by Leave a Comment
Happy President’s Day! Our office is closed today to observe the holiday and will reopen for business as usual tomorrow morning. Mortgage rates inched higher last week following the stronger than expected Jobs Report. Overall, mortgage rates are still very low and offer a great opportunity for home buyers and home owners who are considering refinancing. Click here if I can provide you with a current mortgage rate quote.
What May Impact Mortgage Rates this Week: February 9, 2015.
February 9, 2015 by 1 Comment
This week’s economic calendar appears to be sparse. Watch for mortgage rates to take direction from the stock market. Often, mortgage rates will react opposite to the stock market as rates are based on mortgage backed securities (bonds). When stocks are having a stellar day, traders will often pull bonds (like mortgage backed securities) to invest in stocks. And when the Dow is dropping, we tend to see mortgage rates improve as investors will seek the safety of bonds.
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