It’s the first week of the month and that typically brings us the Jobs Report on Friday morning. It is anticipated that 227,000 new jobs were added last month…we’ll see Friday if the numbers come in as anticipated. The Jobs Report is not just about how many jobs were added to the economy, it also reflects wages. Data that indicates potential inflation may cause mortgage rates to deteriorate.
What May Impact Mortgage Interest Rates this Week: August 3, 2015
August 3, 2015 by 1 Comment
Student Loans and Qualifying for a Mortgage in Washington State (2026 Guide)
July 31, 2015 by 2 Comments
If you’re a Washington State homebuyer carrying student loan debt, you’re far from alone. According to the National Association of Realtors, 37 percent of first-time homebuyers also have student loan debt — and many are surprised to discover that student loans don’t have to stand between them and homeownership in cities like Seattle, Bellevue, Tacoma, or Spokane.
The key is understanding how lenders count your student loans when calculating your debt-to-income (DTI) ratio. Different mortgage programs handle student debt differently, and the rules have changed significantly since 2015. Here’s what Washington State homebuyers need to know right now. [Read more…]
What May Impact Mortgage Rates this Week: July 27, 2015 – Mortgage Rates trending LOWER!
July 27, 2015 by 1 Comment
I’m back from my vacation, sailing the Broughton Islands in Vancouver, B.C. with my hubby and our (almost) 2 year old puppy, Hitch. Thanks to my great team at Mortgage Master for taking care of my clients while I was enjoying some time off. I’m relaxed, refreshed, recharged and ready to help you with your mortgage needs.
The Chinese stock market is taking a hit as the Shanghai Composite lost 8.5% overnight. This is giving mortgage backed securities a bit of a boost this morning. Check out the mortgage rates I’ve posted below.
What May Impact Mortgage Rates this Week: July 6, 2015
July 8, 2015 by 1 Comment
My apologies for being tardy on a post I typically do on Mondays… it’s been a busy week and well, my business (helping people with their mortgage needs to buy or refinance their homes) has to come before blogging.
