Helping Washington State homeowners learn more about their mortgage options.
How are mortgage rates fairing following last week’s Fed meeting and quarter point rate reduction to the Fed funds rate and what may impact the direction of mortgage rates this week?
Check out my latest episode of The Mortgage Porter Weekly.
For current mortgage rates based on your personal scenario, please reach out to me!
Mortgage rates have been trending lower but does that mean it’s a good time to refi?
We have the Fed meeting, PCE (inflation data) and the Jobs Report…oh my!
Tariffs continue to toy with mortgage interest rates and we have a couple inflation indicators scheduled to be released this week that could impact mortgage rates. Also in this episode, we discuss renovation mortgages.
If you’re thinking about buying, selling, refinancing, remodeling or a reverse mortgage, I am happy to help you!
It’s Jobs Week AND we have PCE, the Fed’s favorite measure of inflation…. so how are mortgage rates fairing? Check out my latest post!
It’s the last full-week of the year with the holidays upon us. We have the final Fed rate decision this week with a 25 basis point cut to the Fed Funds rate already baked into mortgage rates…but halls are decked with more than holly this week with other economic indicators that may impact the direction of mortgage rates.
Check out my latest video for more details, including the WORST purchase to make if you’re thinking about buying (or refinancing) a home.
Happy Holidays!
Mortgage rates continue to trend lower! Check out what may impact mortgage interest rates this week on my latest video.
In a couple of hours, the FOMC will wrap up their two-day meeting with an announcement on their decision on if they are going to make adjustments to the Fed funds rate. The Fed funds rate does not directly affect mortgage interest rates (except for HELOCs) however, it does influence the direction of mortgage rates. This is because the Fed’s decision is based on the level of inflation. Mortgage rates react negatively to inflation as mortgage rates are based on bonds (mortgage-backed securities/MBS). So, when the Fed raises the funds rate or keeps the rate unchanged due to inflation being too high, mortgage rates tend to move higher. If inflation is in line, we often see mortgage rates improve. [Read more…]
Rhonda Porter is a Licensed Mortgage Originator MLO121324 living in the greater Seattle area. Rhonda began her career in 1986 in the title and escrow industry and began her mortgage career in 2000. She enjoys helping people understand the mortgage process and started writing The Mortgage Porter in late 2006. Read More…
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