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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30 Years in the Real Estate Industry

2014-01-27_0929It’s taking me a couple days to write this post because it’s hard for me to fathom that this month marks my 30th year in the real estate industry. Thirty years ago, I was hired to be a doc puller at Safeco Title Insurance Company. I was promoted to Customer Service and promoted again to work in the title units. This picture of me is from a calendar that Chicago Title created to promote “Unit 5”. And yes, that is Chuck Knox, Coach of the Seattle Seahawks, and my hair was as big as the shoulder pads!

I worked at a couple title companies over the years…the last one was my favorite, Washington Title Company. I was one of the first people recruited to launch Washington Title. It was a great time to be a “title rep” and I worked with a great team.

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Mortgage Rates are LOW!! It’s time to refi…again!

Going Down Arrow Mortgage rates have been very low the past couple of days creating a flurry of refinances.

Just how low? Try 3.500% for a 30 year fixed conventional mortgage (apr 3.652%) priced with 1.152 points.

And how about 2.750% for a 15 year fixed conventional mortgage (apr 3.022%) priced with 1.199 points.

Rates quoted above are as of May 6, 2016 as of 12:30 pm PST and are subject to change at any time and are subject to credit approval. Click here for your no hassle mortgage rate quote for homes located anywhere in Washington state.

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