Freddie Mac released the Prime Mortgage Market Survey today revealing extremely low mortgage rates.
Mortgage Rates following the Election
November 9, 2020 by Leave a Comment
Mortgage rates were slightly higher today from Friday. The Dow soared this morning after news from Pfizer of a successful vaccine for Covid-19. The Dow closed up a whopping 834 points on this good news. The markets also seemed to respond favorably to Biden winning the election and becoming our 46th President. [Read more…]
Mortgage Rates Still at Extreme Lows
September 18, 2020 by 2 Comments
Freddie Mac’s weekly survey of mortgage rates show that interest rates are still at extremely low levels although I have noticed rates bouncing around a bit more this past week.
Extremely Low Mortgage Rates trending higher
August 20, 2020 by Leave a Comment
Freddie Mac released their PMMS (Prime Mortgage Market Survey) this morning stating “Mortgage Rates Inch Up“. Even if mortgage rates have bounced slightly higher, they are still ridiculously low. PLEASE REMEMBER: the PMMS data shown in the picture is old news! This is from an average of rates from last week. If you would like current rates for your scenario on your home located in Washington, click here.
Surprise! It’s a strong Jobs Report
June 5, 2020 by Leave a Comment
May’s Jobs Report came in much better than expected this morning with 2.51 million jobs ADDED vs the anticipated the 8.5 million jobs lost. Personally, this sounds too good to be true to me and I’m thinking that we’ll see corrections in the months to come…of course, I hope I’m wrong and that an economic (and health) recovery is here. [Read more…]
Mortgage Rates at an All Time Low
April 30, 2020 by Leave a Comment
Freddie Mac’s weekly mortgage rate survey, Prime Mortgage Market Survey (aka PMMS) revealed the lowest mortgage rates since Freddie Mac started tracking interest rates in 1971.
“The size and depth of the secondary mortgage market is helping to keep rates at record lows. These low rates are driving higher refinance activity and have modestly helped improve purchase demand from their extremely low levels in mid-April,” said Sam Khater, Freddie Mac’s Chief Economist.
Remember, Freddie Mac’s PMMS report is based on mortgage rates from last week. Last week’s rates are old news and no longer available…although with that said, mortgage rates are still extremely low right now
We are open for business and here to help you with your refinance or home buying needs for homes located in Washington state. Please contact me if I can help you! Click here for a no-hassle mortgage rate quote or here to start a loan application.
Mortgage Rates at Extremely Low Levels
March 26, 2020 by Leave a Comment
Freddie Mac’s PMMS report was released this morning showing just how low mortgage interest rates have dropped during the pandemic. Remember, the Prime Mortgage Market Survey’s rates are last week’s news as they are based on an average of mortgage rates from last week.
Getting a Mortgage During the Coronavirus
March 24, 2020 by 4 Comments
What strange times we’re in! Last night, Governor Inslee declared we are in a minimum two week “shelter in place” with only essential businesses allowed to operate, unless you can work from home.
Mortgage companies are currently considered essential and Mortgage Master Service Corporation is open to help you with your mortgage needs. I am currently working from my home office as I navigate mortgage rates that are off the charts! We are still helping people with their refinances and home purchases. [Read more…]
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