It’s Jobs Week — and with a packed economic calendar ahead, the bond market is on alert. Here’s what’s happening with mortgage rates, what to watch this week, and why the “just wait for rates to drop” strategy may cost more than you think.
The Mortgage Porter Weekly: Mortgage Rates | Jobs Week | Should You Wait to Buy?
May 4, 2026 by Leave a Comment
Where Can Funds for Closing Come From? | Washington Home Buyers
April 30, 2026 by Leave a Comment
When you’re buying a home with a mortgage, your lender needs to know where every dollar used for the down payment, closing costs, and reserves is coming from. This isn’t optional — it’s a federal requirement, and it applies regardless of loan program. The lender has to document, verify, and approve the source of your funds before your loan can close.
This guide covers what counts as an acceptable source of funds for closing in Washington State, what documentation is typically required, and a few sources that won’t fly with lenders — no matter how legitimate they feel to you. [Read more…]
Does the Fed Control Mortgage Rates? What Buyers and Homeowners Need to Know
April 29, 2026 by Leave a Comment
Today the Federal Open Market Committee (FOMC) wraps up its two-day meeting and announces whether the Fed Funds Rate will change. If you own a home or are thinking about buying one, you’ve probably been watching the headlines. And if you’re like most people, you may be wondering: does what the Fed does today affect my mortgage rate?
The short answer is: not directly. And understanding why is one of the most useful things a homeowner or home buyer can know about how mortgage rates actually work. [Read more…]
The Mortgage Porter Weekly Update | Iran Conflict – Fed Week – Appreciation Report
April 27, 2026 by Leave a Comment
It’s Fed Week, the Middle East conflict is driving bond markets, and I’ve got a home appreciation story out of Renton that I think you’ll find pretty compelling. Here’s your weekly mortgage market update for the week of April 27, 2026.
