Archives for March 2014

What May Impact Mortgage Rates this Week: March 17, 2014

mortgageporter-economyHappy Saint Patrick’s Day! Here are some of the scheduled economic indicators which may impact mortgage rates being in the green this week:

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What May Impact Mortgage Rates this Week: March 10, 2014

mortgageporter-economyLast Friday, the Jobs Report came in stronger than expected causing mortgage rates to tick slightly higher (although they’re still historically low). Mortgage rates are based on mortgage backed securities (bonds) and may change constantly throughout the day. Here are some of the economic indicators scheduled to be released this week, which may impact the direction of mortgage rates:

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Should I attend Seattle Agent ReBoot or Greater Seattle RE BarCamp?

Easy answer: BOTH! 🙂

Full disclosure, I am one of the organizers of this years Seattle RE BarCamp which will be taking place next week, Thursday, March 13, 2014. And I am planning on attending both Seattle Agent ReBoot and Seattle RE BarCamp next week.

Why? Because these two events offer two unique experiences.

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Who does what in the mortgage process?

There are a lot of people involved in processing a closing a mortgage transaction at a mortgage company. With recent regulations, newer positions have been created adding to the hands that are involved in the process. Here’s a list of some of the positions involved in the mortgage process – please keep in mind that this varies from company to company and often times, titles may vary as well.

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What may impact mortgage rates this week: March 3, 2014

MortgagePorter-JobsReportMortgage rates are slightly improved this morning as the stock market is taking a bit of a hit. As I write this (8:45 am) the DOW is down about 200 points. It’s not unusual to see mortgage rates improve when the stock markets are selling off as investors will seek the safety of bonds.  Mortgage rates are based on bonds (mortgage backed securities) and will often react opposite to the stock market.

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