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…]
Big Day with the Fed! [LIVE POST]
December 14, 2016 by Leave a Comment
Mortgage rates at 2 year highs
December 8, 2016 by Leave a Comment
Mortgage rates continue to trend higher as confirmed by Freddie Mac’s weekly Prime Mortgage Market Survey released this morning.
Mortgage rates continue to climb higher
December 1, 2016 by Leave a Comment
Freddie Mac released their Prime Mortgage Market Survey (PMMS) this morning showing rates continuing to move higher.
Mortgage rates “spike” following the election
November 17, 2016 by Leave a Comment
The graph from this morning’s PMMS report illustrates the dramatic jump in mortgage rates that happened following last week’s Presidential election. Mortgage rates, although still low, haven’t been in this range since January 2016.
Mortgage rates expected to trend higher following the October Jobs Report
November 5, 2016 by Leave a Comment
Yesterday morning, the Jobs Report was released with data for the month of October. The report gave an overall healthy picture of the economy and came in slightly stronger than expected with 161,000 jobs added in October and positive revisions made to August and September. [Read more…]
Mortgage Rates remain near “Record Lows”
October 27, 2016 by Leave a Comment
Freddie Mac released the Prime Mortgage Market Survey (PMMS) this morning which is based on a survey average of conforming mortgage rates from last week.
Freddie Mac PMMS reports mortgage rates at a 10 week low
September 29, 2016 by Leave a Comment
Today Freddie Mac released their Prime Mortgage Market Survey which reports average conforming mortgage rates from last week.
From Freddie Mac Chief Economist, Stan Becketti:
“Investors flocked to the safety of government bonds causing the 10-year Treasury yield to continue its descent following the FOMC’s decision to leave rates unchanged. The 30-year fixed-rate mortgage responded by dropping 6 basis points before landing at 3.42 percent — a ten-week low. The course of the economy is uncertain, yet consumers continue to be a bright spot. The September consumer confidence index is up 3 percent to 104.1, exceeding forecasts and reaching a new cycle high.”
So if you’ve been sitting on the fence, contemplating a refinance – there’s no time like right now.
If your home is located anywhere in Washington state, where I’m licensed, I’m happy to help you. 🙂
Mortgage rates remain low following the Jobs Report
September 2, 2016 by Leave a Comment
This morning the August Jobs Report came in with slightly weaker data than expected with only 151k non-farm payroll jobs added.
Yesterday, Freddie Mac released their PMMS report showing the 30 year fixed conventional rate still hanging around (just below) 3.500%.
If you’ve been contemplating refinancing, it could be time to get off your duff! If your home is located anywhere in Washington state, I’m happy to help you. Click here for a no-hassle mortgage rate quote.
PS: Our office will be closed on Monday for Labor Day. I hope you have a wonderful holiday weekend!
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