Archives for July 2013

How to prepare for a Home Buyer Education Class

iStock_000020110629XSmallI’m putting the final touches on the home buyers education seminar, sponsored by the Washington State Housing Finance Commission, that I will be teaching this weekend. The criteria for the class is set by WSHFC and it’s a lot of information to review from different types of mortgages, qualifying and even how to select a real estate agent or lender. I thought I’d share a few tips for how someone may want to prepare for a home buyer’s class, like the one I’ll be teaching in Seattle.

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FOMC Minutes to be released today

In a few hours, we’ll be able to parse through the minutes from the last Fed meeting on June 19th, which launched mortgage rates (although still low) to the highest they’ve been in two years.  Ben Bernanke is scheduled to hold a press conference this afternoon following the release of the minutes.

As I’m writing this post (8:40 am on July 10, 2013) the DOW is down about 19 bps at 15,281 and I’m quoting: 4.625% (apr 4.739%) priced with 0.471 points based on credit scores of 740 or higher with a sales price of $500,000 and 20% down payment for a purchase in greater Seattle closing by August 16, 2013. This is an improvement of about a half point in fee from what I quoted on Monday.

Stay tuned…we’ll see if and how the Fed’s minutes impact rates today.

What May Impact Mortgage Rates this Week: July 8, 2013

mortgageporter-economyThis morning, mortgage backed securities are recovering from Friday’s fiasco following the better than expected Jobs Report. On Wednesday, the minutes from the last Fed meeting will be released which may set mortgage rates off on another roller coaster ride.

Here are some of the economic indicators scheduled to be released this week:

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Where to Watch Fire Works in the Pacific Northwest this Independence Day

Here is an alphabetical list of local communities that are celebrating Independence Day on July 4th.

Anacortes from 10:00 am to 11:00 pm at Fidalgo Bay

Auburn from 11:00 am to 4:00 pm at Les Gove Park

Bellevue from 2:00 pm to 10:30 pm at Bellevue Downtown Park

Burien has a parade beginning at 3:00 pm in downtown Burien

Carnation is celebrating all day in downtown Carnation

Des Moines from 5:30 pm to 11:00 pm at the Des Moines Marina

Edmonds from 10:00 am to 10:30 pm in downtown Edmonds

Enumclaw from noon to 10:30 pm in downtown Enumclaw

Everett from 11:00 am to 11:00 pm at Legion Memorial Park

Federal Way from 6:00 pm to 11:00 pm at Celebration Park

Kent from noon to 11:00 pm at Lake Meridian Park

Kirkland from 10:oo am to 11:00 pm at Marina Park

Maple Valley from 4:00 pm to 10:15 pm at Lake Wilderness Park

Puyallup’s annual City Blast at the Puyallup Fairgrounds has been cancelled for 2013 – bummer!

Renton from noon to 11:00 pm at Gene Coulon Park

Seattle from noon to 11:00 pm at Gasworks Park

Tacoma from 10:00 am to 10:30 pm at Ruston Way Waterfront

Tukwila from 4:00 pm to 11:00 pm at Fort Dent Park

You can download a list of the above events by clicking here.

PS: Poulsbo begins their celebration tonight on July 3rd from noon to 11:00 pm at Liberty Bay.  This is one of my husband’s favorite Independence Day celebrations!

Mortgage Master Service Corporation will be closing at 3:00 pm today and will re-open for business as usual on Friday, July 5, 2013.

From our family to yours, I hope you have a safe and fun Independence Day!

Home Buyer Education Seminar in West Seattle, July 13, 2013 – UPDATE

On Saturday, July 13, 2013, Ira Sacharoff and I will instructing a Washington State Home Finance Commission sponsored home buyer education class at West Seattle’s High Point Library. (Here is my original announcement for this class.)

I’m pleased to announce we’ve added a guest speaker: Julie Beller from Cambridge Home Inspections.

Plus, Ira is bringing his infamous house roasted coffee and will be serving up Red Star Pizza for lunch to class attendees.

Of course you can still bring a sack lunch, if you prefer. We will be learning through the lunch hour as the WSHFC requires the class to be at least of 5 hours.

If you or anyone you know are considering buying a home and could use help with down payment, you should consider this class! Participants are eligible for the Home Advantage program and various WSHFC down payment second mortgages.

To RSVP, please call 253-234-2228 or online at – space is limited to this free event so please rsvp today!

Interested in other classes I’m teaching at? Click here.


What May Impact Mortgage Rates this Week: July 1, 2013

This is a short week packed full of economic data that may impact already turbulent mortgage rates. It may look like a light week – watch for Friday’s Jobs Report.  The bond and stock markets will close early Wednesday and reopen on Friday following the 4th of July holiday.

Monday, July 1:  ISM Index

Wednesday, July 3: Initial Jobless Class and ISM Services Index


Friday, July 5: The Jobs Report


If you would like me to provide you with a rate quote for your purchase or refinance of a home located anywhere in Washington state, where I’m licensed, please click here.