Mortgage rates dropping following the Brexit

Mortgage_Porter_Rates_GapInvestors had been banking on the Brits staying in the European Union. This morning’s Brexit narrow vote to leave the EU results stunned the markets. The Dow was down over 500 points. This morning, mortgage rates are dropping.

Want to lock in a historically low mortgage rate? You can start with getting a rate quote or by starting a pre-application. NOTE: I am licensed to originate mortgages for homes located in Washington State.

Mortgage Rates Remain near Three Year Lows

Today Freddie Mac’s PMMS revealed that mortgage rates are still at very low levels.

2016 06 23 freddie mac pmms

Freddie Mac’s Prime Mortgage Market Survey is based on an average of last week’s rates. It’s kind of like looking in your rear view mirror of your car, you can see where you have immediately been.

Tomorrow may be interesting with mortgage rates with the drama taking place in England…will they or won’t they leave the EU? Mortgage rates have been trending slightly higher pricing in that they will stay with the EU. Stay tuned!

If you would like to know what mortgage rates currently are for your home located anywhere in Washington state, where I’m licensed, I am happy to help you! Click here for a no-hassle mortgage rates quote.

 

USDA to reduce Guarantee and Annual Fees

2014-09-03_usdaEffective October 1, 2016, the upfront guarantee fee and annual fee (paid monthly) will be reduced with USDA mortgages. This new fee structure will take place until September 30, 2017, the end of the fiscal year for USDA.

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Mortgage rates drop following the Jobs Report

MortgagePorter-JobsReportThe morning the Jobs Report was released with weaker than expected data with only 38K non-farm jobs added in May. This is far less than the anticipated 155k jobs. In addition, April’s Jobs Report was revised with fewer jobs than originally reported. [Read more…]

Mortgage rates trending higher (still very low)

Freddie Mac’s PMMS report was released this morning showing that mortgage rates are trending higher from the 3 year lows.

2016 June 2 Freddie Mac PMMS

The Prime Mortgage Market Survey is based on an average of last week’s conforming rates and reports that the 30 year fixed rate averaged 3.66 with 0.5 points for the week ending June 2, 2016. [Read more…]

UPDATED: First Time Home Buyers Guidebook

I have just updated the e-book that I wrote for first time home buyers.

Please feel free to share it with anyone you know who is considering buying a home in Washington state.

Fannie Mae’s HomeReady Mortgage for Refi’s

Fannie Mae’s HomeReady Mortgage program offers low down payment, reduced mortgage insurance and no price adjustments (LLPA) translates to lower mortgage interest rates…AND is not just for home buyers. Fannie Mae’s HomeReady mortgage program is also available for home owners interested in refinancing. [Read more…]

Freddie Mac reports 30 year mortgage rates at lowest level in 3 years!

According to Freddie Mac’s Prime Mortgage Market Survey that was released today, mortgage rates for the 30 year fixed conventional are at their lowest in 3 years.2016 05 12 freddie mac pmms

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