Helping Washington State homeowners learn more about their mortgage options.
How are mortgage rates doing following the Fed rate drop last week and what’s on the calendar this week that could influence the direction of mortgage rates? Check out my latest episode of The Mortgage Porter!
If you would like to see current rates based on your personal financial scenario, I’m happy to provide you with a no-hassle mortgage interest rate quote!
The Fed cut rates to the Funds Rate by 25 basis points today, as expected. Although the Fed Funds rate is lower, mortgage rates are actually moving higher as I’m writing this. Mortgage rates are NOT controlled by the Fed.
Mortgage-backed securities are down about 32 basis points.
My apologies! I’m running a day behind. I have a purchase that has a quick closing time that required some extra attention yesterday and as much as I love to share information with you via this blog, my clients come first!
So without further ado, here is this week’s update!
Mortgage rates have been at very low levels and we have the wrap up of the Fed’s meeting tomorrow. Check out my latest video to learn how the Fed’s expected rate cut of 25 basis points may impact mortgage rates.
If you would like a mortgage rate quote based on your personal financial scenario, or if you’re thinking about buying or refinancing a home, please contact me!
Freddie Mac released their weekly Prime Mortgage Market Survey this week showing the lowest rates for the 30-year fixed in over a year.
Buying a home takes more than just a down payment — but how much do you really need? In this quick and informative session, you’ll learn exactly what goes into your total “cash to close,” including down payment options, closing costs, and other upfront expenses.
You’ll walk away with a clear understanding of:
✅ How much money you actually need to buy a home
✅ Low down payment loan options (you don’t always need 20%)
✅ What closing costs and prepaids cover
✅ Tips and strategies for saving for your down payment
✅ How gift funds or wedding gifts can help
Whether you’re planning to buy soon or just starting to save, this class will help you create a realistic plan to reach your homeownership goals.
🕓 Duration: 1 hour
📍 Location: Zoom (link provided after registration). Register here or by scanning QR code above.
🎓 Who it’s for: First-time and repeat buyers who want to understand what it really costs to buy a home
This week’s episode shows mortgage rates trending lower and we go over 10 different factors that impact how a mortgage interest rate is priced.
We are going on 14 days with the government shutdown. How does the shutdown impact obtaining a mortgage for a purchase or a refi? Is it impacting mortgage rates? Check out the latest episode of The Mortgage Porter.
What??? No Jobs Report last Friday because of the government shut-down? What did mortgage interest rates do? Check out the latest on The Mortgage Porter.
Rhonda Porter is a Licensed Mortgage Originator MLO121324 living in the greater Seattle area. Rhonda began her career in 1986 in the title and escrow industry and began her mortgage career in 2000. She enjoys helping people understand the mortgage process and started writing The Mortgage Porter in late 2006. Read More…
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