What’s the Current Trend in Seattle Mortgage Rates?

Seattle mortgage rates have remain unchanged

What’s Happening in Financial Markets?

Economic data is pretty light this week, we do have a $32B in 3 year notes up for auction.

How Does This Affect My Mortgage Rate?

Depending on the demand for the bonds, the results could impact mortgage rates today.

Yes rates have climbed a bit since May 2013 but real estate values have also appreciated.  With the recent appreciation, many homeowners now have additional equity to refinance.  This could be the opportunity to remove private mortgage insurance (PMI).  Or switch from a FHA to a conventional home loan too.  Contact us with scenarios!