CNBC reports that Wells Fargo is closing personal lines of credit and no longer offering the product to consumers. In a letter sent to their clients, they state that the closure may impact their credit scores. In my opinion, this really stinks! [Read more…]
Archives for July 2021
What to do if your bank closes your line of credit
July 9, 2021 by Leave a Comment
Mortgage rates move lower
July 8, 2021 by Leave a Comment
Mortgage rates have moved lower as reflected in Freddie Mac’s Prime Market Survey released this morning. 
From Freddie Mac: “Mortgage rates decreased this week following the dip in U.S. Treasury yields. While mortgage rates tend to follow Treasury yields closely, other factors can be impactful such as the labor markets, which are continuing to improve per last week’s jobs report,” said Sam Khater, Freddie Mac’s Chief Economist. “We expect economic growth to gradually drive interest rates higher, but homebuyers and refinance borrowers still have an opportunity to take advantage of 30-year rates that are expected to continue to hover around three percent.” [Read more…]
Income Limits increased for Home Advantage with Down Payment Assistance
July 1, 2021 by Leave a Comment
Hot off the press! Washington State Housing Finance Commission has just announced that income limits for the Home Advantage program are being increased to $160,000 effective July 2, 2021. Click here for current mortgage rates for your scenario. [Read more…]
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