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!
Click this link to watch my take on what happened with mortgage rates since the Fed lowered the Fed Funds rate by a quarter point on Wednesday.
If you’re curious how today’s market affects your home purchase or refinance, let’s connect—I’d be happy to run the numbers for your situation.
It’s finally here. The day we think we’ve been waiting for…the wrap up of the two day FOMC meeting where it is highly expected that Fed Chair Powell will announce that the fed funds rate will be reduced 0.25. As I write this (9:45 am Seattle time) MBS (mortgage-backed securities, which mortgage interest rates are based on) are pretty flat – up about 1 basis point. They’re flat because the markets have already priced in the quarter point rate reduction by the Fed. So if the Fed announces that there is not going to be a reduction to the funds rate or if they decide to cut 0.50 – we will see some serious market reaction. [Read more…]
Mortgage rates seem to be pretty steady (right now). This week’s episode features a down payment assistance program that doesn’t require you to be a first time home buyer or have income limits. Check it out in my latest update or contact me with questions!
We have the Fed meeting, PCE (inflation data) and the Jobs Report…oh my!
We have inflation in the news this week! For current rates based on your personal scenario, please contact me!
Mortgage rates have been trending lower!
Last year, one of my clients was pondering if they should wait for lower rates or if they should buy a home. Buying a home is probably one of the largest purchases a person makes in their lifetime and it’s completely understandable how some people feel overwhelmed with the decision. [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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