Rhonda Porter - The Mortgage Porter

I’m on vacation!

June 13, 2015 by Rhonda Porter 2 Comments

UPDATE JUNE 24, 2015: I’m back!!!

Freddie Mac reports mortgage rates at 2015 highs

June 11, 2015 by Rhonda Porter 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…]

Filed Under: Interest Rates

What May Impact Mortgage Rates this Week: June 8, 2015

June 8, 2015 by Rhonda Porter 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!

[Read more…]

Filed Under: Interest Rates

Avoid Delays with Appraisals

June 4, 2015 by Rhonda Porter 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.

[Read more…]

Filed Under: Home Buying Tagged With: appraisals, co detectors, earthquake, regulations, safety, smoke detectors, water heaters

What May Impact Mortgage Rates this week: June 1, 2015

June 3, 2015 by Rhonda Porter 1 Comment

Here I am again, writing my “Monday rate post” on a Wednesday. This week has been busier than usual…I think part of that is spill over from the short week and more activity with home buyers. As this is the first week of June, we will have the Jobs Report on Friday which tends to impact the direction of mortgage rates.