Interest Rates – Page 20

Mortgage Rates trending Lower

March 30, 2017 by Rhonda Porter Leave a Comment

Freddie Mac released their weekly mortgage survey known as the PMMS (Prime Mortgage Market Survey) today revealing that mortgage rates moved lower last week.

According to the survey, last week (key words: “last week”), the 30 year fixed conventional mortgage averaged 4.14% with 0.5 points. Remember, mortgage rates change constantly and the only way to have last week’s mortgage rate is to have locked in your rate last week.

I am happy to provide you with a current mortgage rate quote for a refi or purchase on your home located anywhere in Washington state, where I’m licensed.

Filed Under: Interest Rates

Feds raise Funds Rate

March 15, 2017 by Rhonda Porter Leave a Comment

This morning the Fed raised the Federal Funds Rate this morning by 0.25% to 1.00%. Although the Fed does not directly control mortgage rates, this move will most likely cause mortgage rates to continue to trend higher. The Fed Funds rate does directly impact home equity lines of credit interest rates that are attached to the prime rate. [Read more…]

Filed Under: Interest Rates, The Fed - FOMC

Freddie Mac reports interest rates at their highest of 2017

March 9, 2017 by Rhonda Porter Leave a Comment

Today Freddie Mac released their Prime Mortgage Market Survey which basically shows an average of conforming rates for the previous week. The report shows mortgage rates at their highest for 2017 with the 30 year fixed rate at 4.21% priced with a half point.

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Filed Under: Economy, Interest Rates

Mortgage interest rates stabilizing

February 16, 2017 by Rhonda Porter Leave a Comment

Freddie Mac’s PMMS was released this morning showing that mortgage appear to be calming down…for now.

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Filed Under: Interest Rates Tagged With: interest rates, pmms

Mortgage rates lower in 2017…so far…

January 5, 2017 by Rhonda Porter Leave a Comment

I was going to do a cheesy post on New Years exclaiming that mortgage rates are the lowest in 2017…although technically speaking, you could also say they are the highest of 2017! Obviously I opted to not do that post and to instead, share Freddie Mac’s Primary Mortgage Market Survey which shows that rates have improved a bit.

pmms-2017-jan-5
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Filed Under: Interest Rates Tagged With: interest rate

Big Day with the Fed! [LIVE POST]

December 14, 2016 by Rhonda Porter Leave a Comment

20140504_210758 It’s been a while since I’ve done a live post. I think today calls for a live post since the FOMC is meeting and it’s highly anticipated they will decide to increase rates. Mortgage rates have been steadily climbing since mid-November following the elections. There are several factors that are influencing the upward move in rates, including what appears to be a better economy along with signs of inflation. [Read more…]

Filed Under: Economy, Interest Rates, The Fed - FOMC Tagged With: fed funds rate, fomc, mortgage rates