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.

Financing a “multi-generational” home


It’s becoming more common for families to have multiple generations living under the same roof. Some families opt to commit to buying a “multi-generational” home together designed to accommodate their lifestyle, whether it’s a home with an attached or detached dwelling unit (aka mother-in-law apartment) or even a home built specifically for generations to live together, there are options available for living with your parents and/or grown children. [Read more…]

Bouncing Mortgage Rates

Freddie Mac’s PMMS report reveals that last week the 30 year fixed conforming mortgage averaged 3.68% with an average 0.5 point.pmms march 10 2016
This is slightly higher than what was reported last week and slightly lower compared to a year ago.

From Freddie Mac’s Chief Economist, Sean Becketti:

“The 10-year Treasury yield ended the survey week exactly where it started, however the solid February employment report boosted the yield noticeably on Friday and Monday. Our mortgage rate survey captured the impact of this temporary increase in yield, and the 30-year mortgage rate rose 4 basis points to 3.68 percent. This marks the second increase this year. Nonetheless, the mortgage rate remains 33 basis points lower than its end-of-2015 level.

It’s still a great time to refinance or lock in a low rate if you’re buying a home. If you are considering either buying a home or refinancing a home located anywhere in Washington state, I’m happy to help you. Click here if I can provide you with a mortgage rate quote.

I’m on vacation!

breakUPDATE JUNE 24, 2015: ย I’m back!!!

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What Sales Price do you qualify for with $100,000 for Down Payment and Closing Costs in Seattle?

2015-04-16_0945If you have $100,000 available for funds for closing, you may be surprised to learn that, assuming you have the income and credit to qualify, you can buy a home with a sales price of around $800,000.

Here’s one example of how you can buy a “jumbo” priced home with less than 20% down payment.

[Read more…]

What May Impact Mortgage Rates this Week: April 6, 2015 – MORTGAGE RATES IMPROVED

mortgageporter-economyFriday’s weaker than expected Jobs Report surprised the market, causing mortgage rates to improve. This week appears to be a little light on economic calender for indicators scheduled to be released. Watch for the FOMC minutes to be released on Wednesday. You may also want to watch the Seattle Mariners first game of the season this afternoon against the Angels. For the record, I will not be at the game today…it’s a typical work day for me, helping my clients buy and refinance homes around the greater Seattle area. ย ๐Ÿ˜‰

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What May Impact Mortgage Rates this Week: March 30, 2015

mortgageporter-economyThis week is set to have volatility continue with mortgage interest rates based on what’s on deck for economic indicators scheduled to be released, including the Jobs Report on Friday. Here’s this week’s line up:

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What May Impact Mortgage Rates this Week: January 26, 2015

mmsc 12th manMortgage rates continue to be bouncing at very low levels while the markets continue to be very volatile. Here are some of the economic indicators scheduled to be released this week that may impact the direction of mortgage interest rates:

[Read more…]