This morning Freddie Mac released their weekly Prime Mortgage Market Survey report with a title that I couldn’t agree with more: “Lower-than-expected mortgage rates offer refinance opportunity“.
Freddie Mac PMMS “Lower than expected” Mortgage Rates!
February 4, 2016 by Leave a Comment
What May Impact Mortgage Rates this Week: February 1, 2016
February 3, 2016 by Leave a Comment
Welcome to February! As it’s the first week of a month, we have the Jobs Report due to be released this Friday. Mortgage rates are at their lowest levels in months. Many Washington home owners are taking advantage and refinancing to either reduce their payment, shorten their mortgage terms or taking cash out for home improvements or to consolidate debt. We are also seeing more home buyers in action too! [Read more…]
Freddie Mac Reports Rates Continue Lower for 4th Week in a Row
January 28, 2016 by 1 Comment
Freddie Mac’s PMMS Report reveals that conforming mortgage rates continued to trend lower last week with the 30 year conventional averaging 3.79% with 0.6 points.
Freddie Mac PMMS Reports Lowest Mortgage Rates in Three Months
January 21, 2016 by 1 Comment
Freddie Mac’s Primary Mortgage Market Survey reports that mortgage rates continued to trend lower last week with the 30 year fixed conventional mortgage averaging 3.81 with 0.6 points. [Read more…]
What May Impact Mortgage Rates this week: January 18, 2016
January 20, 2016 by Leave a Comment
This week began with a holiday, Martin Luther King Jr. Day. The volatility in the markets continue this short week. At one point today, the Dow was down 566 points and ended up closing down 249 points. Global stocks dropped overnight with fears over China’s economy and oil prices at very low levels. All this turmoil translates to lower mortgage interest rates, as traders seek the safety of bonds, like mortgage interest rates.
Mortgage Rates drop to lowest of 2016
January 15, 2016 by Leave a Comment
The DOW is getting hit hard again today. As I write this (10:16 am PST), the Dow is down 446! Bad news for the stock market equals good news for mortgage interest rates. Investors are seeking safety by pulling funds from stocks and investing in bonds, like mortgage backed securities.
Freddie Mac Reports that Mortgage Rates continue to trend Lower
January 14, 2016 by 1 Comment
The Prime Mortgage Market Survey reports that last week, the 30 year fixed averaged 3.92 percent with an average 0.6 point. The week prior, the reported average was 3.97 percent. A drop in rate of 0.05%.
What May Impact Mortgage Rates this Week: January 11, 2016
January 11, 2016 by Leave a Comment
This week’s economic calendar is on the lighter side. Here’s some of the scheduled economic indicators that may impact the direction of mortgage rates that are scheduled to be released this week:
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