I hope you are having a wonderful summer. Our Seattle summer has been just beautiful – I don’t even mind the few days of rain we’ve had sprinkled in. Anyhow, you’re not reading this post for a weather report, are you? Let’s get back to what may impact mortgage interest rates this week! Today and Tuesday, we don’t have any economic indicators scheduled to be released. Wednesday is the big day with the minutes from the last Fed meeting being released.
What May Impact Mortgage Rates this Week: August 19, 2013
August 19, 2013 by Leave a Comment
What May Impact Mortgage Rates this Week: August 12, 2013
August 12, 2013 by Leave a Comment
We don’t have any economic indicators scheduled to be released today…however, the rest of this week is loaded with data that could impact mortgage rates. If the reports reveal inflation heating up, mortgage rates may trend higher. Here’s a list of what’s scheduled for this week:
What May Impact Mortgage Rates this Week: August 5, 2013
August 5, 2013 by Leave a Comment
We have a very light calendar this week with only two scheduled economic indicators being released.
- Monday, August 5: ISM Services Index
- Thursday, August 8: Initial Jobless Claims
Don’t let this light calendar lull you into thinking it’s going to be a calm week for mortgage rates. With summer time in full swing and lighter volumes due to traders enjoying a summer vacation, we may see volatility with the direction of mortgage rates.
What may impact mortgage rates this week: July 29, 2013
July 29, 2013 by Leave a Comment
This week is packed full of economic data that may dramatically impact mortgage rates. Not only do we have the results of the Fed meeting on Wednesday, we wind up the week with the Jobs Report on Friday. I anticipate this will be another volatile week for mortgage interest rates.
What may impact mortgage rates this week: July 22, 2013
July 22, 2013 by Leave a Comment
This week’s calendar is looking a little light as far as economic indicators that are scheduled to be released. Mortgage rates have been improving following Ben Bernanke’s dovish comments to Congress last week.
What May Impact Mortgage Rates this Week: July 15, 2013 [with mortgage rates]
July 16, 2013 by Leave a Comment
This week, mortgage rates continue to be bumpy and with Ben Bernanke speaking tomorrow on Capital Hill, we may additional volatility. Here are some of the scheduled economic indicators to be released this week:
What May Impact Mortgage Rates this Week: July 8, 2013
July 8, 2013 by Leave a Comment
This morning, mortgage backed securities are recovering from Friday’s fiasco following the better than expected Jobs Report. On Wednesday, the minutes from the last Fed meeting will be released which may set mortgage rates off on another roller coaster ride.
Here are some of the economic indicators scheduled to be released this week:
What may impact mortgage rates this week: June 10, 2013
June 10, 2013 by Leave a Comment
Mortgage rates have been moving higher over the past few weeks. The better than expected data from last Friday’s Jobs Report helped that trend.
There’s not a lot of scheduled economic indicators on calendar for this week so you can expect rates to be impacted by the stock market. If the stock market does well, mortgage rates may move higher. Why? Mortgage rates are based on mortgage backed securities (bonds) and investors will trade the safety of bonds for the potentially better return found with stocks.
Here’s how this week is looking with economic indicators:
- Thursday, June 13th: Retail Sales and Initial Jobless Claims
- Friday, June 14th: Producer Price Index (PPI) and Consumer Sentiment (UoM)
This morning, Standard and Poor’s revised the United States credit rating from negative to stable. Remember “good news” tends to cause mortgage rates to deteriorate.
The Treasury will be selling $66B in notes and bonds this week starting tomorrow.
Even though rates are higher than they were last month, they are still very low. If you’re interested in locking in what is still considered a historically low rate on a home located anywhere in Washington state, please contact me.
Recent Comments