Helping Washington State homeowners learn more about their mortgage options.
Freddie Mac’s Prime Market Mortgage Survey reports that the 30 year fixed conventional mortgage had an average interest rate of 3.59% with 0.5 points last week.
Mortgage rates are indeed very low right now making this a great opportunity to consider refinancing your current home or investment property. If your home is located anywhere in Washington state, I’m more than happy to help you. Click here for a no-hassle rate quote.
Freddie Mac’s PMMS report was released today with commentary that it’s not reflecting the impact Janet Yellen’s comments had earlier this week, causing rates to drop. Remember, Freddie Mac’s PMMS report is an average of LAST WEEK’S mortgage rates…it’s old news if you’re using this for locking. However, it’s good data if you’re interested in trends.
Tomorrow morning we’ll have the Jobs Report which tends to impact rates for better or worse… stay tuned!
The bottom line is that mortgage rates continue to be at very low levels. If you are interested in buying or refinancing a home located anywhere in Washington state, I’m happy to help you!
Freddie Mac’s PMMS report reveals that last week the 30 year fixed conforming mortgage averaged 3.68% with an average 0.5 point.
This is slightly higher than what was reported last week and slightly lower compared to a year ago.
From Freddie Mac’s Chief Economist, Sean Becketti:
“The 10-year Treasury yield ended the survey week exactly where it started, however the solid February employment report boosted the yield noticeably on Friday and Monday. Our mortgage rate survey captured the impact of this temporary increase in yield, and the 30-year mortgage rate rose 4 basis points to 3.68 percent. This marks the second increase this year. Nonetheless, the mortgage rate remains 33 basis points lower than its end-of-2015 level.“
It’s still a great time to refinance or lock in a low rate if you’re buying a home. If you are considering either buying a home or refinancing a home located anywhere in Washington state, I’m happy to help you. Click here if I can provide you with a mortgage rate quote.
Freddie Mac released their PMMS report yesterday revealing that mortgage rates are at levels we haven’t seen in a year. This is the sixth week in a row that that Prime Market Mortgage Survey has reported rates trending lower. [Read more…]
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“.
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’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’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…]
Rhonda Porter is a Licensed Mortgage Originator MLO121324 living in the greater Seattle area. Rhonda began her career in 1986 in the title and escrow industry and began her mortgage career in 2000. She enjoys helping people understand the mortgage process and started writing The Mortgage Porter in late 2006. Read More…
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