Mortgage backed securities are enjoying bump today with Greece back in the headlines. As I’m writing this post (9:25 am pst) the Dow is down 229. This is a case where a bad news for the stock market = good news for mortgage rates.
Archives for June 2015
What May Impact Mortgage Rates this Week: June 29, 2015
June 29, 2015 by 1 Comment
Fun things to do around Puget Sound this Independence Day
June 27, 2015 by Leave a Comment
I hope you have a FUN, safe and sane Independence Day. I have fond memories of watching fireworks sitting on the hood of my Mom’s car with my sisters in the Sears parking lot of the old mall in downtown Renton…lots of “oohs and aahs”. 🙂
Here are some events around the greater Puget Sound area taking place this holiday.
New Mortgage Disclosures Possibly Delayed
June 26, 2015 by Leave a Comment
The CFPB is requesting that the deadline for the new “good faith estimate” disclosures (aka “TRID”) be delayed for two months to allow lenders more time to transition into the the new forms…and because the CFPB made an “administrative error” that would have caused a delay with enforcing the rule. From the CFPB’s website:
Freddie Mac reports last week’s average mortgage rates unchanged
June 25, 2015 by Leave a Comment
The Freddie Mac PMMS reveals little change in mortgage interest rates over the last week with the 30 year mortgage rate averaging 4.02% with 0.7 points.
Freddie Mac reports mortgage rates at 2015 highs
June 11, 2015 by Leave a Comment
Freddie Mac’s Primary Mortgage Market Survey reveals just how dramatically mortgage rates have gone up over the last month. Freddie Mac reports that last week, the 30 year fixed conforming mortgage (loan amount $417,000 or lower) interest rate averaged 4.04% priced with 0.6 points. [Read more…]
What May Impact Mortgage Rates this Week: June 8, 2015
June 8, 2015 by Leave a Comment
Mortgage rates have been marching higher. This week we have very few economic indicators scheduled to be released. Mortgage rates may take their directions from stocks – often moving in the opposite direction. Right now, rates for a jumbo mortgage 30 year fixed are lower than conforming rates!
Avoid Delays with Appraisals
June 4, 2015 by 8 Comments
Washington State has a couple of regulations that require certain safety features are installed in a home before a buyer can purchase it. When these items are not installed in the home at the time of the appraisal, or if the appraiser cannot easily find them, then the appraiser or underwriter will require that these items be installed prior to closing. This can potentially delay the closing and/or increase cost if the appraiser has to go back to the property to re-inspect for the missing items.
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