Washington State Mortgages, Made Clear. Buying or Refinancing? Let's find the right loan together.
Mortgage rates are influenced by economic data, inflation trends, Federal Reserve policy, and global markets — not just headlines.
In this section, I break down what’s happening in the mortgage-backed securities market and how economic reports may impact rates. You’ll find:
My goal is to translate complex economic movement into practical guidance for buyers and homeowners.
If you want context — not speculation — this is where you’ll find it.
This is a short week with Veterans Day on Tuesday (bond markets will be closed) and a light economic calendar. Rates are improved compared to what I quoted last Monday.
The 30 year fixed is back under 4.000% as I write this post. Rates change constantly and with how volatile the markets have been, we could see mortgage rates bounce back up as quickly as they’ve dropped down.
This is a short week with Independence Day on this Friday. Watch for the Jobs Report being released on Thursday, July 3, which could provide some early fireworks depending on if the data comes in less or more than expected.
Here are some of the economic indicators scheduled to be released this week:
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.
In this episode of Seattle Real Estate Chat, Jim Reppond and I discuss recent changes to mortgages with “qualified mortgage” and “ability to repay” which rolled out earlier this month.
Seattle RE Chat is a weekly live show that Jim Reppond and I co-host every Tuesday morning at 10:00 am PST via a Google Hangout. Join us next Tuesday!
