Beware of Bogus Badness in your Email

There has been rampant wire fraud taking place in the real estate industry. This morning, I received an email appearing to contain a purchase and sales agreement for a new transaction with a link to download the contract.

A Loan Officer’s first instinct is to click on that link to review the new transaction… however, I didn’t recognize the real estate agent or anything else that was referenced on the email. Another huge red flag was that the real estate agent was requesting a “full payment wire transfer now”.

I decided to Google the real estate agent and reach out to her. Sure enough, her voice mail stated that her email had been hacked and that if you received an email regarding this so-called transaction requesting a wire transfer, it was not legit and NOT to click the link.

I’ve received phishing emails before… but this is probably the most brazen email that I’ve personally received.

The title and escrow company that I prefer to work with has this warning on their emails:

**Be aware!  Online banking fraud is on the rise.  If you receive an email containing WIRE TRANSFER INSTRUCTIONS call your escrow officer immediately to verify the information prior to sending funds.**

I’m so glad I didn’t start today (Friday the 13th! LOL) by clicking the link in this email! Some times it pays to be a little paranoid 😉

 

Mortgage rates at 2017 lows!

Freddie Mac’s weekly survey of mortgage rates reveals that last week interest rates remained at 2017 lows.

From Freddie Mac’s Prime Mortgage Market Survey:

Attributed to Sean Becketti, chief economist, Freddie Mac.
“Following a sharp decline last week, the 10-year Treasury yield rose 11 basis points this week. The 30-year mortgage rate, however, remained unchanged at 3.78 percent. If Treasury yields continue to rise, mortgage rates could see an increase in next week’s survey.”

Remember, this is “last week’s” information. You cannot lock in a mortgage rate from last week unless you are a time traveler. If you would like current mortgage rates based on your personal scenario for your home located anywhere in Washington state, please contact me!

Can you get a Mortgage with Frozen Credit?

In light of Equifax’s recent massive credit breach, many people are going through the process of “freezing” their credit with each of the credit bureaus. This prevents someone from obtaining a new credit account in your name (it does not prevent them from using existing credit). I actually decided to freeze my credit a while back when it appeared that someone was trying to commit fraud with our address. It’s not that difficult to do and it’s pretty easy to forget about…until you decide to apply for new credit, such as getting a mortgage. [Read more…]

Were you potentially hacked from the massive Equifax breach?

Equifax announced yesterday that they’ve were hacked on a scale unlike any we’ve seen potentially impacting half of our population.

From Equifax: “…a cybersecurity incident potentially impacting approximately 143 million U.S. consumers. Criminals exploited a U.S. website application vulnerability to gain access to certain files. Based on the company’s investigation, the unauthorized access occurred from mid-May through July 2017.” [Read more…]

Mortgage Rates hit 2017 lows!

Freddie Mac released their weekly Prime Mortgage Market Survey today announcing that mortgage rates hit 2017 lows
The PMMS is based on average rates for conforming mortgages from last week. The rates do not include closing cost and are priced with 0.5 point.

From the PMMS:

Attributed to Sean Becketti, chief economist, Freddie Mac.
“The 10-year Treasury yield fell 6 basis points this week amid concerns over lagging inflation. The 30-year mortgage rate also declined for the fourth consecutive week, dropping 3 basis points to a new year-to-date low of 3.86 percent.”

If you’re considering refinancing, you may be in luck! If you would like me to provide you with a current mortgage rate quote for your personal scenario for your property located anywhere in Washington state, please click here.

New Updated Guide Book for First Time Home Buyers

Hot off the press (or keyboard?)! The eBook that I wrote for first time home-buyers has been completely updated. Please feel free to share this with anyone you know who is considering buying a home anywhere in Washington state. You can access the eBook below or by clicking this link: Your First Home Mortgage Guide Book by Rhonda Porter 

 

Of course, if you’re considering buying your first, second home, vacation or rental homes in Washington state, I am happy to help you! Click here for a no hassle rate quote or here to start the preapproval process.

My Seattle Kitchen Remodel: Selecting Countertops

A few weeks ago, I shared that we’re remodeling our kitchen. Boy-oh-boy what a chore it is…we started the process months ago and are just starting to see light at the end of the tunnel. As I’m going through this first hand, I thought I’d share tidbits of things we’re learning along the way.  Today, I’ll share the story of our kitchen counters.

Let’s start by discussing what we had on our “old” kitchen (photo above). [Read more…]

Mortgage rates ahead of the Jobs Report

Freddie Mac’s PMMS (Prime Mortgage Market Survey) shows the 30 year fixed rate averaged just under 4% last week at 3.93% priced with 0.500 points.


Tomorrow morning, the Jobs Report will be released which may impact rates for better or worse. Stay tuned!

If I can help you with your refinance or home purchase anywhere in Washington state, please contact me.