This week is packed full of economic indicators and events that may influence the direction of mortgage interest rates, including Fed Head Janet Yellen’s two day testimony in front of Congress which starts tomorrow. Here’s a list of economic indicators scheduled to be released this week:
What May Impact Mortgage Rates this Week: February 23, 2015
February 23, 2015 by 1 Comment
And the Fed said… [LIVE MORTGAGE RATE POST]
February 18, 2015 by Leave a Comment
Mortgage rates are pretty much unchanged following yesterday’s sell off in the bond market causing rates to trend higher. Today at 11:00 am Seattle time, the Fed will release the minutes from the last FOMC meeting. This tends to influence mortgage rates so I thought it would be interesting to do a live rate mortgage rate post. You can follow me on Twitter @mortgageporter to see when I’ve updated this post.
Rates quoted below will be based on a sales price of $500,000 with 20% down payment, loan amount of $400,000. Borrowers have credit scores of 740 or higher. Rates quoted are subject to credit approval and may change at anytime. If I can provide you with a mortgage rate quote, click here.
What May Impact Mortgage Rates this Week: February 9, 2015.
February 9, 2015 by 1 Comment
This week’s economic calendar appears to be sparse. Watch for mortgage rates to take direction from the stock market. Often, mortgage rates will react opposite to the stock market as rates are based on mortgage backed securities (bonds). When stocks are having a stellar day, traders will often pull bonds (like mortgage backed securities) to invest in stocks. And when the Dow is dropping, we tend to see mortgage rates improve as investors will seek the safety of bonds.
What May Impact Mortgage Rates this Week: February 2, 2015 – Mortgage Rate Post – Rates Continue Lower
February 2, 2015 by 1 Comment
It feels like a “Blue Monday” following yesterday’s disappointing loss at SB49. With that said, one thing I am NOT disappointed with is our Seattle Seahawks. What a great season. Thank you Seahawks and thank you fellow 12s! I am looking forward to the Seattle Mariners…and then SB50! I know this has nothing to do with mortgage rates. 🙂
Back to work…
Freddie Mac reports mortgage rates continue to slowly drift lower
January 25, 2015 by Leave a Comment
Freddie Mac’s weekly rate report revealed that mortgage rates continued to trend lower last week.
What May Impact Rates this Week: January 19, 2015 [Mortgage Rate Post: Rates trending lower]
January 20, 2015 by 1 Comment
Holy Catfish – the Seahawks are going to the Superbowl! Okay, now I can return to writing this week’s mortgage rate update.
This is a short week with yesterday’s holiday honoring Martin Luther King. There are not a lot of U.S. economic indicators scheduled to be released this week. Elsewhere in the world, China has some interesting developments taking place in their markets yesterday and the ECB’s monetary policy decision will be released on Thursday, which may impact our markets.
Freddie Mac Reports Lowest Mortgage Rates since May 2013
January 15, 2015 by Leave a Comment
This morning, Freddie Mac released their weekly mortgage rate report confirming that the 30 year fixed conforming rate is back to record lows from 19 months ago:
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What May Impact Mortgage Rates this week: January 12, 2015 [RATES TREND LOWER]
January 12, 2015 by 1 Comment
Mortgage rates continue to bounce along very low levels. Last Friday’s Jobs Report was a bit of a mixed bag with then number of employed increasing and hourly wages slightly lower. We don’t have any economic indicators scheduled to be released today. Watch mortgage rates take their cue from the stock market and world events.
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