Freddie Mac’s PMMS report shows that mortgage interest rates have dropped this week largely due to the market volatility with the on again off again trade war with China.
Mortgage rates expected to trend higher following the October Jobs Report
November 5, 2016 by Leave a Comment
Yesterday morning, the Jobs Report was released with data for the month of October. The report gave an overall healthy picture of the economy and came in slightly stronger than expected with 161,000 jobs added in October and positive revisions made to August and September. [Read more…]
Freddie Mac PMMS Reports Lowest Mortgage Rates in Three Months
January 21, 2016 by 1 Comment
Freddie Mac’s Primary Mortgage Market Survey reports that mortgage rates continued to trend lower last week with the 30 year fixed conventional mortgage averaging 3.81 with 0.6 points. [Read more…]
What May Impact Mortgage Interest Rates this week: January 4, 2016
January 4, 2016 by Leave a Comment
Welcome to my first post of 2016! I hope you and yours had a wonderful New Year holiday.
This week may not seem like there is a lot in store for economic indicators that influence the direction of mortgage rates…however, Friday features this years first Jobs Report.
What May Impact Rates this week: December 21, 2015
December 22, 2015 by Leave a Comment
This is a short week with the Christmas holiday rapidly approaching. With many traders being on vacation for the holidays, we will most likely see additional volatility through the end of this year. Next week will be a short holiday week as well.
Here are some of the economic indicators scheduled to be released this week that may impact the direction of mortgage interest rates:
What May Impact Mortgage Rates this week, December 8, 2015
December 8, 2015 by 1 Comment
I apologize for not getting this post done yesterday as I typically do. Last week, I was in Nashville attending the Mortgage Bankers Association’s Independent Mortgage Bankers Conference. It wrapped up on Friday which gave us some time to visit with my son who currently lives there. Our flight home Sunday afternoon was cancelled, which meant my sister-in-law and I had the pleasure of spending most of yesterday on flights to get back home to Seattle. Just for fun, I thought I’d share a pic I took of Minnie Pearl’s hat and shoes, which are on display at the Ryman Auditorium, home of the original Grand Ole Opry.
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:
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!!!
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