Helping Washington State homeowners learn more about their mortgage options.
Even though I’m on the road this week enjoying a little vacation time, I’m still keeping an eye on the mortgage market and the key economic reports that can influence interest rates.
As of January 30, 2026, the **average 30-year fixed conforming mortgage rate is approximately 6.066%. Rates continue to move within a fairly tight range, but this week’s economic data could bring some volatility—especially toward the end of the week.
Today is “Fed Day” when the FOMC wraps up their two-day meeting and announce if there will be any changes to the Fed Funds rate.
Markets are widely expecting that there will be no change to the rate today. This will be announced at 11:00 Seattle time.
Remember, mortgage rates are not directly impacted by the Fed Funds rate (except for home equity lines of credit that follow the prime rate).
Mortgage interest rates do and will react to what the Fed’s actions and statements are today as mortgage rates are based bonds (mortgage-backed securities).
If you would like to have current mortgage rates based on your personal scenario, please contact me – no credit pull required!
Recently, I spoke with a Seattle homeowner who is planning a major remodel. Like many homeowners, he initially reached out asking about a HELOC — which is often the first option people think of when they want to improve their home. They currently have a very low rate with their existing mortgage, which is one reason why they’re considering a home equity line of credit.
As we talked through his plans, budget, and long-term goals, it became clear that there were several ways to approach financing a remodel, each with very different advantages and limitations.
If you’re considering remodeling your home — whether it’s a kitchen overhaul, an addition, or a full transformation — understanding these options upfront can help you choose the strategy that fits your project best. [Read more…]
Mortgage rates continue to be influenced by a combination of economic data, bond market activity, and Federal Reserve messaging. While headlines often focus on whether the Fed is cutting rates, mortgage rates are reacting to a much broader set of factors — especially what’s happening in the bond market.
In this week’s Mortgage Porter Weekly, I’m breaking down what’s moving rates right now and what homebuyers and homeowners should be paying attention to.
In this week’s episode of The Mortgage Porter Weekly, we’re covering several timely topics that are influencing mortgage rates and homeownership decisions right now — from global trade headlines to practical ways homeowners are funding remodels.
If you’re watching rates, thinking about renovating your home, or planning to buy in the near future, here’s a recap of what we discussed.
Today we honor Dr. Martin Luther King Jr. and reflect on his enduring message of justice, compassion, and equality.
May we continue striving to lead with understanding, kindness, and respect for one another and lead with love.
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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