Archives for March 2017

Mortgage Rates trending Lower

Freddie Mac released their weekly mortgage survey known as the PMMS (Prime Mortgage Market Survey) today revealing that mortgage rates moved lower last week.


According to the survey, last week (key words: “last week”), the 30 year fixed conventional mortgage averaged 4.14% with 0.5 points. Remember, mortgage rates change constantly and the only way to have last week’s mortgage rate is to have locked in your rate last week.

I am happy to provide you with a current mortgage rate quote for a refi or purchase on your home located anywhere in Washington state, where I’m licensed.

My 50th Birthday!

This past weekend, I celebrated my 50th birthday with family and friends. I have two (not much) younger sisters who love to ask “don’t you feel older” and my answer is typically “not really”. I’m actually pretty excited to be the big 5-0…beyond being able to join AARP! [Read more…]

Feds raise Funds Rate

This morning the Fed raised the Federal Funds Rate this morning by 0.25% to 1.00%. Although the Fed does not directly control mortgage rates, this move will most likely cause mortgage rates to continue to trend higher. The Fed Funds rate does directly impact home equity lines of credit interest rates that are attached to the prime rate. [Read more…]

Freddie Mac reports interest rates at their highest of 2017

Today Freddie Mac released their Prime Mortgage Market Survey which basically shows an average of conforming rates for the previous week. The report shows mortgage rates at their highest for 2017 with the 30 year fixed rate at 4.21% priced with a half point. 

[Read more…]

Dr. Carson sworn in as new HUD Secretary

Yesterday, Dr. Ben Carson was formally sworn in as the Secretary of HUD. Secretary Carson, from HUD’s press release, stated:

“”I am immensely grateful and deeply humbled to take on such an important role in service to the American people,” said Secretary Carson. “Working directly with patients and their families for many years taught me that there is a deep relationship between health and housing. I learned that it’s difficult for a child to realize their dreams if he or she doesn’t have a proper place to live, and I’ve seen firsthand how poor housing conditions can rob a person of their potential. I am excited to roll up my sleeves and to get to work.” [Read more…]

How are property taxes determined?

Recently, after receiving a rate quote, a home buyer asked me, “What would the difference in taxes be if I bought in Pierce County verses King County?” [Read more…]