Can you believe November is here already? With this being the first week of the month, we have the Jobs Report scheduled to be released on Friday. The Jobs Report tends to influence the direction of mortgage rates because it may show signs of inflation, with rising incomes, which is the enemy of bonds. Mortgage rates are based on mortgage backed securities (bonds). So a Jobs Report that reveals the economy is doing great and wages are going up may cause mortgage rates to trend higher.
What May Impact Mortgage Interest Rates this Week: November 2, 2015
November 2, 2015 by 2 Comments
Is Renting Getting too Expensive? Consider buying a home
October 30, 2015 by Leave a Comment
Zumper has released their fall rental report revealing that Seattle has the 10th most expensive rents for a major city in the nation for one bedroom apartments. Zumper reports that the average rent in September for a one bedroom in Seattle is $1600. That’s up 0.6% from the previous month and up a whopping 7.1% compared the last quarter. Zumper reports that a 2 bedroom apartment averaged $2200 for rent in Seattle. In May, I wrote about how a 2 bedroom in Seattle was averaging $1907 for rent.
What may impact Mortgage Rates this week: October 26, 2015
October 26, 2015 by 1 Comment
This week is packed with economic data that may impact the direction of mortgage interest rates. You may special attention to Wednesday, when the Fed meeting wraps up. It is not anticipated that the Fed will change the Fed Funds Rate. However, the press release and Fed commentary following the meeting will be parsed.
What May Impact Mortgage Rates this Week: October 19, 2015 – MORTGAGE RATES MOVE LOWER
October 19, 2015 by 1 Comment
This week, there isn’t a lot scheduled as far as economic indicators. Overall, mortgage rates are trending lower compared to my last rate post two weeks ago. Here are the economic indicators scheduled to be released this week:
Freddie Mac Reports Mortgage Rates Remain Below 4% for the past Twelve Weeks
October 15, 2015 by 1 Comment
Freddie Mac’s Primary Mortgage Market Survey was released this morning revealing that conventional mortgage rates have remained below four percent for the past twelve week. The PMMS reports that average rate for the 30 year fixed last week was 3.82% with an average of 0.6 points.
If you are considering buying or refinancing a home located in Washington state, I’m happy to provide you with a rate quote.
What May Impact Mortgage Rates this Week: October 5, 2015 – RATES IMPROVED
October 5, 2015 by 1 Comment
We don’t have a lot of economic indicators scheduled to be released this week. We do have the Seahawks on Monday Night Football!!!
What may impact mortgage rates this week: September 28, 2015
September 28, 2015 by 1 Comment
Mortgage rates have been a little bouncy lately and remain very low. There has been a lot of “Fed speak” following last week’s Fed meeting with various flip flopping commentary on when the Fed Funds rates may be raised. This Friday we will have the Jobs Report, which tends to impact mortgage interest rates. Today, the Dow closed down 312 points today at 16,001.
Here are some of the economic indicators scheduled to be released this week:
What May Impact Mortgage Rates this week: September 21, 2015
September 21, 2015 by 1 Comment
Tomorrow is officially the last day of summer. [sigh]
Here are some of the economic indicators scheduled to be released this week:
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