This week is packed with economic indicators that tend to impact mortgage rates. Remember, mortgage rates are based on mortgage backed securities (bonds) and may change throughout the day. Signs of inflation tend to cause mortgage rates to rise higher. The release of economic data is not the only thing that impact rates – unplanned (and planned) world events may also impact mortgage rates. Typically, investors will seek the safety of bonds when the stock market is deteriorating and the reverse is true. When the DOW is tanking, mortgage rates tend to improve. During a volatile day, it’s not unusual to have 3 – 5 rate changes.
What May Move Mortgage Rates the week of April 30, 2012
April 30, 2012 by Leave a Comment
What May Move Mortgage Rates the week of April 9, 2012
April 9, 2012 by 1 Comment
This morning, mortgage rates are trending lower from Friday’s Jobs Report coming in with weaker than expected data. As I write this post (10:15 am) the DOW is down about 115.
Watch for possible signs of inflation this week, which may reverse the downward trend in rates, with the scheduled economic indicators referenced below:
Wednesday, April 11: Fed’s Beige Book
Thursday, April 12: Producer Price Index (PPI) and Initial Jobless Claims
Friday, April 13: Consumer Price Index (CPI) and Consumer Sentiment (UoM)
If you would like your personal rate quote for your Washington State home, click here.
What may impact mortgage rates this week: April 2 – April 7, 2012
April 2, 2012 by Leave a Comment
If you’re one of my long time readers, you probably know that April Fools is an extra special day for me. Not only is it the day I my husband and I married six years ago, it also marks the day that I began my mortgage career at Mortgage Master Service Corporation back in 2000. Yesterday we celebrated our happy anniversaries with a walk through Sculpture Park in Seattle, lunch at Latona Pub (seriously the best hamburgers in Seattle) and a stop at Daniel Smith’s to pick up some more paint and supplies during their clearance sale…and wrote a preapproval letter for a couple who are getting ready to buy their first home using an FHA insured mortgage.
The 10 Factors of Pricing a Mortgage Interest Rate Quote
March 22, 2012 by 3 Comments
As an established Mortgage Originator in the greater Seattle area, I’m often asked “what are the current rates” and that’s often answered with “that depends”.
Mortgage rates have layers of risk factored into them. Fannie Mae refers to them as LLPAs (Loan Level Price Adjustments).
Mortgage Rate Movers for the Week of March 12, 2012 and the FOMC Rate Decision
March 13, 2012 by Leave a Comment
Mortgage rates are based on mortgage backed securities (bonds) and may change throughout out the day. Investors will seek the safety of bonds when stock markets are deteriorating. The reverse is true: good news for the economy (as well as inflation) tend to cause mortgage rates to rise.
What May Move Mortgage Rates the week of March 5, 2012
March 5, 2012 by Leave a Comment
This week ends with probably one of the most important scheduled economic indicators: The Jobs Report. Not only does the Jobs Report reveal whether or not more Americans are going back to work, it also indicates signs of inflation (wage inflation). Both good news and inflation may cause mortgage rates to trend higher. Numbers that are weaker than expected may cause rates to improve. This is because mortgage rates are based on mortgage backed securities (bonds) and investors will either seek the safety of bonds or possible improved returned with stocks depending on data.
LIVE POST: Mortgage Rates for Washington State and other Mortgage Miscellany
February 27, 2012 by Leave a Comment
We have a lot of economic reports scheduled to be released this week which may influence mortgage interest rates. Here’s a snapshot of what’s on deck:
Monday, February 27: Pending Home Sales
Tuesday, February 28: Durable Goods and Consumer Confidence
Wednesday, February 29: GDP, Chicago PMI and the Fed’s Beige Book
Thursday, March 1: Personal Income, Initial Jobless Claims, Personal Core Expenditures (PCE), Personal Spending and ISM Index
There are many factors that impact the pricing of a mortgage rate. If you would like me to provide you with a rate quote based on your personal scenario for a home located anywhere in Washington, please click here.
Mortgage Rate Market Movers for the Week of February 13, 2012
February 13, 2012 by Leave a Comment
We have plenty of economic indicators on the plate for this week not to mention to continued Euro-story. Remember, positive information, when the stock market is doing well or data that indicates positive inflation tends to cause mortgage rates to rise. Mortgage rates are based on bonds (mortgage backed securities) and investors tend to trade the safety of bonds for better return found with stocks when possible.
There are no economic indicators scheduled for today and the DOW is currently up 34 at 12,836 as I publish this post on 7:45 am PST on February 13, 2012.
Here's are a few reports that are scheduled for this week:
Tuesday, February 14, 2012: Retail Sales. HAPPY VALENTINES DAY!
Wednesday, February 15, 2012: Empire State Index, Industrial Production, Capacity Utilization and FOMC Minutes
Thursday, February 16, 2012: Building Permits, Housing Starts, Producer Price Index (PPI), Initial Jobless Claims and Philadelphia Fed Index
Friday, February 17, 2012: Consumer Price Index (CPI)
Today's my first day back from a couple days off at Mortgage Tech Summit in Scottsdale so I won't have time to update this post with live rate quotes. I will share live rate quotes on Twitter AND I'm happy to provide YOU with a no obligation mortgage rate quote for your home located anywhere in Washington state. For your personal mortgage rate quote, click here.
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