The Mortgage Porter Weekly | Iran Ceasefire, Fed Rate Decision, HELOC Mortgages
Thinking of Moving to Seattle? Here’s What You Need to Know
With the FIFA World Cup bringing matches to Lumen Field this summer, Seattle has had a lot of eyes on it lately — and I’m sure more than a few out-of-towners who came for a match are wondering, “could I actually live here?” That’s a fair question, and it deserves a more honest answer than a highlight reel of Pike Place and Mount Rainier on a clear day.
I’ve lived and worked in the Seattle area for over 25 years, helping people finance homes here since 2000 – this is what I tell people who call me asking whether a move to Seattle makes sense for them. [Read more…]
Do Mortgage Lenders Have Different Underwriting Requirements?
One question I hear often from buyers shopping multiple lenders is some version of this:
Fed Day: Warsh’s First Decision and What It Means for Your Mortgage Rate
Today the Federal Reserve held its first rate decision under new Fed Chair Kevin Warsh.
The FOMC voted 12–0 to hold the federal funds rate steady at 3.50–3.75%, and the real story turned out to be exactly where we expected: not the number, as it was widely anticipated there would be no change to rates, but how Warsh ran the meeting and what he said afterward.
The Mortgage Porter Weekly | Iran Deal & Rates, Fed Chair Warsh & Cash-Out Refi
In this week’s Mortgage Porter Weekly, we cover the latest inflation data from May, rising unemployment claims, a potential breakthrough in the Iran conflict and what it could mean for mortgage rates, this week’s economic calendar, Fed Chair Warsh’s first rate announcement, and the morning MBS update. We also spotlight using a cash-out refinance for debt management — and share a quick favor to ask of you.
