This week is packed full of economic indicators that may influence mortgage interest rates, including the Fed meeting on Wednesday and Jobs Report on Friday. The Jobs Report carries a lot of weight with mortgage rates as it may indicate inflation. As the economy and employment improves, we may see signs of wage inflation. Inflation is the arch enemy of bonds, like mortgage backed securities – which mortgage rates are based on. World tensions may also impact mortgage rates as investors may seek the safety found in bonds.
What May Impact Mortgage Rates this Week: July 28, 2014
July 28, 2014 by 1 Comment
What May Impact Mortgage Rates this Week: July 21, 2014
July 21, 2014 by 1 Comment
Mortgage rates are not only impacted by the direction of bonds (mortgage backed securities); global tensions may also influence mortgage interest rates. We saw this last week with the heart breaking and horrific downing of the Malaysian flight and increased global tensions. Rates slightly improved as investors opted for the safety found in bonds.
What May Impact Mortgage Rates this Week: July 7, 2014
July 7, 2014 by 1 Comment
I hope you and your family had a fabulous holiday weekend. We began our holiday on our boat at Liberty Bay in Poulsbo with a beautiful display of fireworks on July 3rd – it was a lot of fun.
What May Impact Mortgage Rates this Week: June 16, 2014
June 16, 2014 by Leave a Comment
The International Monetary Fund (IMF) has just reduced their forecast for the US GDP from 2.8% to 2.0% due to weaker than expected first half of the year. The bond market seems to be shrugging this off with a much stronger than expected report from the Empire State Index. Mortgage backed securities may also be getting support from increased tensions in the Ukraine. Remember, investors will often seek the safety of bonds over stocks when global issues are causing concerns.
What May Impact Mortgage Rates this Week: June 9, 2014
June 9, 2014 by 1 Comment
This week’s economic calendar appears to be on the lighter side.
- Thursday, June 12: Retail Sales and Initial Jobless Claims
- Friday, June 13: Producer Price Index (PPI) and Consumer Sentiment Index (UoM)
Mortgage rates are still at very low levels. [Read more…]
What May Impact Mortgage Rates this Week: April 21, 2014
April 21, 2014 by Leave a Comment
This week’s economic calendar appears to be a little on the light side. There are no economic indicators due today. Here are the economic indicators scheduled to be released this week:
It shouldn’t be a hassle to get a mortgage rate quote
March 27, 2014 by 2 Comments
I did a little experiment on Tuesday. One of my Seattle home buyers asked why there’s a difference between the rates I’ve provided and those you can find posted online. I explained to him that the rates posted online are often not available and typically those sites are used for “lead generation” purposes. When consumers enter their email addresses and phone numbers, they may start to feel very popular by being inundated with phone calls and emails by mortgage lenders. When someone fills out a form requesting mortgage information or a rate quote online, they are considered a “hot lead” and their contact info is worth money and may be sold and re-sold.
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