Freddie Mac released their Prime Mortgage Market Survey this morning showing that last week, average mortgage rates slightly ticked higher.
I don’t post the PMMS weekly reports from Freddie Mac every week (you can see them here), however from my last post on this, you can see there is very little difference in interest rates compared to almost 1.5 months ago.
This is good news for people who are considering buying or refinancing their homes with mortgage interest rates staying historically lower (see the bottom time line on the pic above). If you need a mortgage on a home located anywhere in Washington state, where I’m licensed, I am happy to help you! Click here for a mortgage rate quote.
Earlier this month, USDA updated the maps that determine if homes are eligible for USDA financing. USDA allows eligible home buyers to purchase a home with no down payment. In order the qualify, the borrowers must meet the income limit requirements and the property needs to be in a designated rural area.
I recently helped a couple successfully close on their new home in Seattle before having to close on their former home in Everett. By using a bridge loan to access equity on the Everett home, they were able to make a winning offer on the Seattle home without it having to be “subject to the sale” of their former home. This help to make their offer far more attractive in a very competitive real estate market. 
Later next month, Freddie Mac will be offering a new program for first time home buyers. This mortgage program offers low down payment options without the income limit or geographic restrictions that 
The Northwest Multiple Listing Service issued 
As expected, 
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