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%.

2016 09 01 pmms

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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Friday Flashback: Mortgage Rates from 15 years ago

August 5, 2016 by Leave a Comment

My husband and I have been cleaning out the garage and I came across an old mortgage rate sheet from August 2001. Mortgage rates were a bit higher 15 years ago. If you paid a 1% discount point, your rate for a 30 year fixed would have been 6.500% on a 30 day lock.

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Filed Under: Interest Rates, Just for Fun

Mortgage Rates poised to move higher with Jobs Data

July 7, 2016 by Leave a Comment

Recruitment or Employment Issues Chalk Drawing

Mortgage rates have been bouncing at historic lows following Brexit. Rates could bump higher following the Jobs Report which is scheduled to be released tomorrow morning.

Today’s ADP Report came in with stronger than expected employment data and last month’s Jobs Report came in worse than expected.

My advice? [Read more…]

Filed Under: Interest Rates

Mortgage interest rates near all time record lows

July 1, 2016 by Leave a Comment

Yesterday Freddie Mac released their Prime Mortgage Market Survey revealing that mortgage interest rates are near all time record lows with the 30 year fixed rate mortgage averaging 3.48 with 0.5 points for the week ending June 30, 2016.

2016 06 30 freddie mac pmms

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Filed Under: Interest Rates

Mortgage Rates Remain near Three Year Lows

June 23, 2016 by Leave a Comment

Today Freddie Mac’s PMMS revealed that mortgage rates are still at very low levels.

2016 06 23 freddie mac pmms

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Filed Under: Interest Rates

Mortgage rates drop following the Jobs Report

June 3, 2016 by Leave a Comment

MortgagePorter-JobsReportThe morning the Jobs Report was released with weaker than expected data with only 38K non-farm jobs added in May. This is far less than the anticipated 155k jobs. In addition, April’s Jobs Report was revised with fewer jobs than originally reported. [Read more…]

Filed Under: Economy, Interest Rates

Mortgage rates trending higher (still very low)

June 2, 2016 by Leave a Comment

Freddie Mac’s PMMS report was released this morning showing that mortgage rates are trending higher from the 3 year lows.

2016 June 2 Freddie Mac PMMS

The Prime Mortgage Market Survey is based on an average of last week’s conforming rates and reports that the 30 year fixed rate averaged 3.66 with 0.5 points for the week ending June 2, 2016. [Read more…]

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Freddie Mac reports 30 year mortgage rates at lowest level in 3 years!

May 12, 2016 by 1 Comment

According to Freddie Mac’s Prime Mortgage Market Survey that was released today, mortgage rates for the 30 year fixed conventional are at their lowest in 3 years.2016 05 12 freddie mac pmms

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Filed Under: Interest Rates
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