Mortgage rates have been trending lower but does that mean it’s a good time to refi?
Mortgage Rate Update for the Week of August 11, 2025
August 11, 2025 by Leave a Comment
Mortgage Rate Update for the Week of August 4, 2025
August 4, 2025 by Leave a Comment
Mortgage rates have improved following Friday’s weak BLS Jobs data. Check out my weekly report to learn more.
What Do You Need to Get a Mortgage Rate Quote?
August 2, 2025 by Leave a Comment
The other day, a home buyer who was shopping interest rates told me that another lender would not provide her with a rate quote unless she submitted an application and allowed them to run her credit. This is wrong! A lender does not need a complete application or to pull your credit report (not even a “soft-pull”) before they can provide you with a detailed mortgage rate quote. I don’t know if it was the lender’s company policy or if they were just trying to get more information – however, it should not be required. [Read more…]
It’s Fed Day! [Live Post] Rates are Unchanged
July 30, 2025 by Leave a Comment
Today at 11:00 PST we will learn if the Fed is going to make any changes to the Fed Funds rate as they complete their two-day meeting. It is widely expected that there will be no change to the rate today. The Fed Funds rate does not directly impact mortgage rates* as mortgage rates are based on bonds (mortgage-backed securities), which move similar as stocks. Markets will be waiting for the Fed’s statement and the press conference that follows the rate decision. [Read more…]
Mortgage Rate Update for the Week of July 28, 2025
July 28, 2025 by Leave a Comment
We have the Fed meeting, PCE (inflation data) and the Jobs Report…oh my!
Fancy Wedding or New Home?
July 26, 2025 by Leave a Comment
The Seattle Times recently published an article on how expense weddings are becoming in the greater Seattle area and how some couples are opting for simpler ceremonies. The article quotes an average cost for a wedding, according to a local wedding planner of being $58,000. As a mortgage professional, it’s jaw dropping to me that people spend this amount of money instead of buying a home or saving for retirement. I understand that this is an incredibly important time in a person’s life and a celebration to remember…but once the honeymoon is over, you have beautiful memories and a gorgeous photo album.
What if instead most of those funds were used to buy a home that will most likely appreciate in value creating future financial security? [Read more…]
Mortgage Interest Rate Update for July 14 2025
July 14, 2025 by Leave a Comment
We have inflation in the news this week! For current rates based on your personal scenario, please contact me!
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