What’s influencing mortgage rates this week, what may impact the direction of mortgage rates this (and next) week and 10 factors that impact the pricing of your mortgage rate in this week’s episode.
Mortgage Market Update for the week of October 21, 2024
October 21, 2024 by Leave a Comment
Rest in Peace, Patrick Sand
October 20, 2024 by Leave a Comment
I’m sad to learn that Patrick Sand suddenly passed away. I first met Patrick in August 2007 at an event KOMO hosted to bring together local bloggers. There were over 200 bloggers in attendance, and it was a lot of fun to meet fellow bloggers. At the time, I was a contributor to Rain City Guide and this blog, The Mortgage Porter, was almost a year old as well as a small neighborhood blog that my husband and I write, Beach Drive Blog.
I believe that West Seattle Blog started in 2005. The blog had really gained momentum as a news and community resource for West Seattle. But at that time, nobody knew who the contributors were to the blog. One of the reasons I went to the KOMO event hoping to meet the mysterious West Seattle Blogger(s).
Patrick introduced himself to me as “a friend of West Seattle Blog”. I tried to get him to admit he was one of the authors and he would not confess. He wanted me to know that the West Seattle Bloggers thought I was doing a nice job with my blogs. It was (still is) a huge compliment. I can’t recall exactly when Tracy Record and Patrick Sand announced they were the couple behind WSB but I will always remember meeting Patrick for the first time.
You could count on seeing Patrick and Tracy at any West Seattle event and if you ever want to know “what’s going on” in West Seattle, WSB is the first place you check. They provide such a great service to our West Seattle community.
Tracy wrote a beautiful tribute to Patrick on West Seattle Blog.
My heart is heavy for Tracy and their son.
Rest in peace, Patrick.
PSA: Check Your Credit Card Interest Rates
October 18, 2024 by Leave a Comment
I just received a notice from a local department store that they are INCREASING my interest rate from 24% to 31%! I’m a bit befuddled since the Fed recently lowered the funds rate by 0.50 and I pay off my account monthly. My credit is excellent. I decided to call the 1-800 number on the notice and was told this is an increase “across the board” and they do not have a lower rate to offer me. I enjoy receiving my benefits from using the card and even though I rarely pay interest as the bill is typically paid off every month, I can’t support this rate. I asked if there was anything I could do and she informed me that I have no options…except to no longer use this card. [Read more…]
Mortgage Market Update for the week of October 14, 2024
October 15, 2024 by Leave a Comment
Check out my latest video to learn where mortgage rates and what may impact mortgage interest rates this week.
Mortgage Market Update for the Week of October 7, 2024
October 7, 2024 by Leave a Comment
Where are mortgage rates following the stronger than expected Jobs Report last Friday? Check out my latest video to learn more about mortgage interest rates and I have a spotlight on VA Loans.
Mortgage Market Update for the Week of September 30, 2024
September 30, 2024 by Leave a Comment
It’s Jobs Week with the first week of October. Here’s my latest update featuring what may impact mortgage rates this week.
If you would like to learn more about mortgages for your personal scenario, please contact me!
PS: Go Seahawks!!!
Mortgage Market Update for the week of September 23, 2024
September 23, 2024 by Leave a Comment
This week, I address how mortgage rates reacted to the Fed’s 50 basis point drop to the Fed funds rate and what may impact rates this week. Fannie Mae has an optimistic forecast for mortgage rates and we have 2025 “temporary” conforming loan limits available!
Check out my latest video for more info!
It’s Fed Day! Fed Funds Rate Cut 50BPS! [LIVE Post]
September 18, 2024 by Leave a Comment
This is one of the most highly anticipated “fed days” that I can recall with the expectation that the Fed will lower the funds rate for the first time in four years. The question is, how much will the fed reduce the funds rate? Odds are currently at a 50-basis point drop, which is what the markets are betting on. [Read more…]
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