Reduce Long-Term Loan Costs With A 15-Year Fixed Rate Mortgage

For as low as 30-year fixed rate mortgage rates are in Washington today, 15-year fixed rate mortgage rates are even lower. According to Freddie Mac’s weekly mortgage rate survey, the average 15-year fixed rate mortgage rate is now 3.27% nationwide with an accompanying 0.8 discount points. 1 discount...

Have Mortgage Rates Bottomed Out?

Mortgage rates have troughed. Or, so it seems. According to Freddie Mac’s weekly Primary Mortgage Market Survey, the average 30-year fixed rate mortgage is 4.00 percent nationwide — roughly the same rate as it’s been for 5 weeks.  During that times, rates have ranged between 3.97 and...

Washington State Mortgage Rates This Week : December 5, 2011

Mortgage markets made little change last week for the fifth time in as many weeks. As Wall Street watched both the Eurozone and the U.S. regain their respective footing, expectations for a new Fed-led stimulus increased, which prevented mortgage rates from rising. According to Freddie Mac, the average...

Washington State Mortgage Rates This Week : November 28, 2011

Mortgage markets worsened slightly last week through a bouncy, holiday-shortened trading week. Markets were closed Thursday for Thanksgiving and re-opened only briefly Friday. As in past weeks, though, economic, political, and financial news from the Eurozone dictated the direction of U.S. mortgage-backed...

Washington State Mortgage Rates This Week : November 21, 2011

Mortgage markets went unchanged last week as Wall Street traded on new debt stress within the Eurozone, and stronger-than-expected economic data here at home. Rates moved very little from Monday to Friday and the storyline’s not expected to change much this week for today’s rate...

Washington State Mortgage Rates This Week : November 14, 2011

Amid a dearth of new U.S. economic data, Eurozone developments led mortgage markets down in last week’s holiday-shortened trading week. Mortgage rates across Washington worsened slightly, increasing week-over-week for the first time in a month. Freddie Mac reports the average 30-year fixed rate...