Freddie Mac’s weekly survey of mortgage rates reveals that last week interest rates remained at 2017 lows.

From Freddie Mac’s Prime Mortgage Market Survey:

Attributed to Sean Becketti, chief economist, Freddie Mac.
“Following a sharp decline last week, the 10-year Treasury yield rose 11 basis points this week. The 30-year mortgage rate, however, remained unchanged at 3.78 percent. If Treasury yields continue to rise, mortgage rates could see an increase in next week’s survey.”

Remember, this is “last week’s” information. You cannot lock in a mortgage rate from last week unless you are a time traveler. If you would like current mortgage rates based on your personal scenario for your home located anywhere in Washington state, please contact me!

Freddie Mac released their weekly Prime Mortgage Market Survey today announcing that mortgage rates hit 2017 lows. 
The PMMS is based on average rates for conforming mortgages from last week. The rates do not include closing cost and are priced with 0.5 point.

From the PMMS:

Attributed to Sean Becketti, chief economist, Freddie Mac.
“The 10-year Treasury yield fell 6 basis points this week amid concerns over lagging inflation. The 30-year mortgage rate also declined for the fourth consecutive week, dropping 3 basis points to a new year-to-date low of 3.86 percent.”

If you’re considering refinancing, you may be in luck! If you would like me to provide you with a current mortgage rate quote for your personal scenario for your property located anywhere in Washington state, please click here.

Freddie Mac released the weekly PMMS (Prime Mortgage Market Survey) showing that mortgage rates continue to be at the lowest levels of 2017 with the 30 year fixed back under 4.000%.

The PMMS reports on average rates from the previous week based on a survey for conforming loans (loan amounts $422,950 and below). Last week, the 30 year fixed averaged 3.89 with 0.5 points. From the PMMS:

“The 10-year Treasury yield fell 3 basis points this week. The 30-year mortgage rate moved in tandem with Treasury yields, falling 5 basis points to 3.89 percent. Mixed economic data and increasing uncertainty are continuing to push rates to the lowest levels in nearly seven months.”

We are noticing an increase in refinances with the 30 year fixed being back below four percent.

If you’re considering refinancing or buying a home located anywhere in Washington state, I’m happy to help you. Click here for a no-hassle mortgage rate quote.

Freddie Mac’s PMMS (Prime Market Mortgage Survey) this week headlines “Mortgage Rates Tumble Below 4 Percent“. This is great news for home owners who have been waiting to refinance.

According to the PMMS: [Read more…]