Mortgage rates continue to bounce along very low levels. Last Friday’s Jobs Report was a bit of a mixed bag with then number of employed increasing and hourly wages slightly lower. We don’t have any economic indicators scheduled to be released today. Watch mortgage rates take their cue from the stock market and world events.
What May Impact Mortgage Rates this week: January 12, 2015 [RATES TREND LOWER]
January 12, 2015 by 1 Comment
What May Impact Mortgage Rates this Week: January 5, 2015 [Mortgage Rate Post: rates trending lower]
January 5, 2015 by 1 Comment
Happy 2015! Mortgage rates are kicking off the new year trending lower with more troubles from the Euro-zone. This week is packed with economic indicators which may impact the direction of mortgage interest rates. If one of your New Year resolutions is to save money, now is a great time to look at refinancing to reduce your monthly mortgage payment and create more cash flow to pay off debts or help fund your retirement. Click here if your home is in Washington state and you would like me to help review your current scenario.
What May Impact Mortgage Rates this Week: December 29, 2014
December 29, 2014 by 1 Comment
The last week of 2014 is here. It’s another short week with the New Year holiday and so we may be dealing with traders on vacations, which can translate to lighter volumes and/or more volatility. Markets and financial offices (including ours) will be closed on Thursday, January 1, 2015 to celebrate the New Year.
What May Impact Mortgage Rates this Week: December 22, 2014
December 22, 2014 by 1 Comment
The last two weeks of this year are short ones due to the holidays. Many traders may be on vacation so you can anticipate the volatility to continue with stock and bond markets, which means we may see mortgage rates bump around a bit as well.
Bond markets will be closing early on Wednesday and will be closed on Thursday, as will Mortgage Master Service Corporation. Friday will be “back to normal” as far as work hours are concerned. 🙂 Next week will also be a shorter week with the New Year holiday.
What May Impact Mortgage Rates this week: December 15, 2014 – Mortgage rates IMPROVED
December 15, 2014 by 2 Comments
Last week, rates bumped along 14 months lows. Those who were in position to lock with a mortgage application started, were able to secure low rates so they will be able to benefit from lower mortgage payments in the New Year. Before a lender locks in an interest rate, they need to have a complete application, including a credit report, so they know how to price the rate (low mid-credit scores are used) and if you actually qualify for the refi. It takes about 20 – 30 minutes to complete an on-line application, so if you are toying with refinancing right now, I highly recommend you contact your local lender (I can help you if your home is located in Washington state) so that you can be ready to lock in a very low mortgage rate.
What May Impact Mortgage Rates this Week: December 8, 2014
December 8, 2014 by 1 Comment
Mortgage rates trended higher on Friday following the much stronger than expected Jobs Report which even included positive revisions for the two previous months. Weak economic news coming from Europe and China are helping bonds (like mortgage backed securities) improve this morning. Mortgage rates continue to be around 18 month lows so this could be a good time to review your current mortgage to see if refinancing makes sense. You can start the new year off with a lower mortgage payment and more money in your pockets!
What May Impact Mortgage Rates this week: December 1, 2014 – Mortgage Rates continue Lower
December 1, 2014 by Leave a Comment
Can you believe this is the last month of 2014? This year really seems to have gone by extra fast to me…or perhaps I’m just getting older or perhaps I’m feeling this way after returning to work following the long holiday weekend. 🙂
Regardless of how quickly time flies, this week is packed with economic data that may impact the direction of mortgage rates, including the Jobs Report on Friday.
Here are some of the economic indicators scheduled to be released this week:
What May Impact Mortgage Rates this week: November 24, 2014
November 24, 2014 by 1 Comment
This is a short week with offices closed Thursday and Friday for the Thanksgiving holiday. There are no economic indicators scheduled to be released today, however the rest of this week is stuffed, like a Thanksgiving turkey.
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