Mortgage Rates are LOW!! It’s time to refi…again!

May 6, 2016 by Leave a Comment

Going Down Arrow Mortgage rates have been very low the past couple of days creating a flurry of refinances.

Just how low? Try 3.500% for a 30 year fixed conventional mortgage (apr 3.652%) priced with 1.152 points.

And how about 2.750% for a 15 year fixed conventional mortgage (apr 3.022%) priced with 1.199 points.

Rates quoted above are as of May 6, 2016 as of 12:30 pm PST and are subject to change at any time and are subject to credit approval. Click here for your no hassle mortgage rate quote for homes located anywhere in Washington state.

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Freddie Mac PMMS: Lowest Rates since May 2013

April 14, 2016 by Leave a Comment

This morning Freddie Mac released their Prime Mortgage Market Survey which revealed that last weeks rates hit another low for this year.
2016 apri 14 pmms
If you are interested in seeing if refinancing makes sense, I am happy to review your scenario and provide you with a no-hassle rate quote. Of course I’m happy to help you buy a home too. 🙂 Click here to start the preapproval process.

Filed Under: Interest Rates

Freddie Mac PMMS Reports lowest rates of 2016

April 7, 2016 by Leave a Comment

freddie mac pmms April 7 2016
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.

Filed Under: Interest Rates

Freddie Mac PMMS Report

March 31, 2016 by Leave a Comment

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.

2016 march 31 pmms report

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!

Filed Under: Interest Rates

Bouncing Mortgage Rates

March 10, 2016 by Leave a Comment

Freddie Mac’s PMMS report reveals that last week the 30 year fixed conforming mortgage averaged 3.68% with an average 0.5 point.pmms march 10 2016
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.

Filed Under: Interest Rates, Uncategorized

Mortgage interest rates lowest in 12 months

February 12, 2016 by Leave a Comment

pmms feb 11 2016
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…]

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Freddie Mac PMMS “Lower than expected” Mortgage Rates!

February 4, 2016 by Leave a Comment

feb 4 pmms
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“.

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What May Impact Mortgage Rates this Week: February 1, 2016

February 3, 2016 by Leave a Comment

MortgagePorter-JobsReportWelcome 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…]

Filed Under: Economy, Interest Rates
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