Mortgage Rates from Edmonds, Washington
Here is a quick snapshot of how mortgage rates are moving brought to you from Edmonds, Washington. First, lets look at 30 Year Fixed mortgage rates. Here is the wholesale 30 year fixed mortgage rate index from Fannie Mae.
As we can see, 30 year fixed mortgage rates are headed down as of writing this!
Next is the 15 year fixed mortgage rates. These move in the same direction but with a much smaller movements. Overall, I would say that as of writing this 15 year fixed mortgage rates are stable! They appear to be going down but not by much.
Last lets look at ARM mortgage rates. Overall I would say that as of writing this ARM mortgages have gone down and seem to be headed back up.
The one thing to take away from this is that mortgage rates never want to sit still! A small 0.1% change in wholesale rates at a 4:1 buydown can make a loan cost $400 more or less per $100,000 loan amount in the blink of an eye! Until we meet, I hope you have found this little tidbit on mortgage rates from Edmonds, Washington of use.
Stephen Ching, seattle.rateswire.com author and local loan originator.
Email questions to: steve@rateswire.com
