Washington State Mortgages, Made Clear. Buying or Refinancing? Let's find the right loan together.
I'm Rhonda Porter — a licensed Mortgage Advisor with 25+ years of experience helping homebuyers and homeowners across Washington State find the right loan with confidence. No jargon. No pressure. Just honest guidance.
Lease to Own: A Path to Homeownership When You’re Almost There
Not quite qualifying for a home yet? There’s a program worth knowing about — it’s called DreamBuilder, and it’s designed specifically for buyers who are close, but not quite there. [Read more…]
Mortgage rates are being impacted by the war in Iran. Often times, during war we see mortgage rates improve as investors seek the safety of bonds. Because of the threat to oil, and the potential for inflation, mortgage rates are moving higher.
Take a look at the charts today, compliments of MBS Highway. The last red dash shows the hit mortgage-backed securities took today – closing down 33 basis points. [Read more…]
Freddie Mac’s PMMS report shows the lowest mortgage rates for the 30 year fixed in over 3.5 years. This is a weekly report based on averages, so this is technically “old news” BUT I really like the direction mortgage rates are currently trending. If you would like to have current rates based on your personal scenario, I can help you with that! [Read more…]
Is a 1% Drop Enough to Refinance?You’ve probably heard the old rule of thumb: “You shouldn’t refinance unless interest rates drop at least 1%.”
But is that actually true in today’s market?
If you bought your home when rates were 6.75%—or anywhere in that 6–7% range—and you see them dipping into the low 6s or high 5s, you’re likely wondering if that move is enough to make a refinance worth the effort. [Read more…]
Welcome back to Mortgage Porter Weekly!
After an amazing three-week road trip down to California, the Grand Canyon, and back home to Seattle, I’m officially back in the office and watching the markets closely. And what a week to return — we’re seeing something we haven’t consistently seen in a while…
30-year conforming mortgage rates are trending lower!
That’s getting attention.
If you bought your home in the past few years and your interest rate starts with a 6… or maybe even a 7… you’re not alone.
One of the most common questions I’m hearing right now is:
What Is a Mortgage Recast?If you’ve ever made a large lump-sum payment toward your mortgage — or thought about doing so — you may have heard the terms “mortgage recast” or “reamortization.”
A recast can be a powerful (and often misunderstood) option for homeowners who want a lower monthly payment without refinancing.
Let’s break down what a recast is, how it works, and when it may (or may not) make sense. [Read more…]
