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Mortgage Rates In Seattle

By Michael Shane

The bond market is closed today due to Veteran’s Day. If the market were open rates would likely be higher as the stock market rallying up over 2% in early morning trading. Europe is controlling both the bond and stock market, as daily news from overseas is taking precedence over domestic economic data. Trying to time mortgage rates in this market is becoming increasingly difficult as technical trading is taking a back seat to the soap opera in Europe were rumors and speculation are ruling the markets every move. Overall the long term outlook for rates is good; however, day to day and week to week volatility will be high. Unless serious progress is made with the debt crisis in Europe along with sustainable improvement in the US job market there is not much reason for rates to move significantly higher. With that said we cannot assume rates will sustain the current record lows as any shift from the current sentiment allowing these low rates will put mild pressure on long term rates.
Below is a breakdown of current rates and closing costs available for a refinance. The rates assume a minimum credit score of 740 with a maximum loan to value of 75%. The property type is a SFR that is owner occupied. For a quote based on your specific situation or to see other loan programs please go to Sammamish Mortgage Rate Quote or click the Interest Rate Quote above.

15 Year Fixed $250k Loan Amount, Cost include all third
party and lender fees & Credits
RateDisc/Net OrigAPRP&I PaymentTotal Closing Costs
3.250%0.225%3.344%$1,757$3,038
3.375%0%3.419%$1,772$1,476
3.500%0%3.544%$1,787$846
3.625%0%3.719%$1,803$0

 

30 Year Fixed $250k Loan Amount, Cost include all third
party and lender fees & Credits
RateDisc/Net OrigAPRP&I PaymentTotal Closing Costs
3.750%0.695%3.840%$1,158$4,214
3.875%0.070%3.920%$1,176$2,651
3.990%0%4.021%$1,192$1,088
4.125%0%4.169%$1,212$281
4.250%0%4.291%$1,230$0

 

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