Fannie Mae has revamped some guidelines regarding student loans and how they are treated in debt to income ratios for qualifying for a mortgage. This is great news… however what’s even better news for home owners who have student loans, Fannie Mae is offering improved pricing on cash out refinances for paying off student loans! [Read more…]
Cash Out Refinances for Student Loans
April 26, 2017 by Leave a Comment
Mortgage Rates take a dip
April 21, 2017 by Leave a Comment
Freddie Mac’s PMMS (Prime Market Mortgage Survey) this week headlines “Mortgage Rates Tumble Below 4 Percent“. This is great news for home owners who have been waiting to refinance.
According to the PMMS: [Read more…]
Buying a home? You may want to delay filing your taxes right now.
April 10, 2017 by Leave a Comment
If you are in the market to buy or refinance your home around tax time, you might want consider filing an extension. This is because some lenders require taxes to be verified if a tax return has been filed. The IRS typically winds up taking several weeks to process verifications from lenders during this time of the year. This can potentially cause a delay with closing of some transactions. [Read more…]
Mortgage Rates trending Lower
March 30, 2017 by Leave a Comment
Freddie Mac released their weekly mortgage survey known as the PMMS (Prime Mortgage Market Survey) today revealing that mortgage rates moved lower last week.
According to the survey, last week (key words: “last week”), the 30 year fixed conventional mortgage averaged 4.14% with 0.5 points. Remember, mortgage rates change constantly and the only way to have last week’s mortgage rate is to have locked in your rate last week.
I am happy to provide you with a current mortgage rate quote for a refi or purchase on your home located anywhere in Washington state, where I’m licensed.
My 50th Birthday!
March 21, 2017 by Leave a Comment
This past weekend, I celebrated my 50th birthday with family and friends. I have two (not much) younger sisters who love to ask “don’t you feel older” and my answer is typically “not really”. I’m actually pretty excited to be the big 5-0…beyond being able to join AARP! [Read more…]
Feds raise Funds Rate
March 15, 2017 by Leave a Comment
This morning the Fed raised the Federal Funds Rate this morning by 0.25% to 1.00%. Although the Fed does not directly control mortgage rates, this move will most likely cause mortgage rates to continue to trend higher. The Fed Funds rate does directly impact home equity lines of credit interest rates that are attached to the prime rate. [Read more…]
Freddie Mac reports interest rates at their highest of 2017
March 9, 2017 by Leave a Comment
Today Freddie Mac released their Prime Mortgage Market Survey which basically shows an average of conforming rates for the previous week. The report shows mortgage rates at their highest for 2017 with the 30 year fixed rate at 4.21% priced with a half point. 
Dr. Carson sworn in as new HUD Secretary
March 3, 2017 by Leave a Comment
Yesterday, Dr. Ben Carson was formally sworn in as the Secretary of HUD. Secretary Carson, from HUD’s press release, stated:
“”I am immensely grateful and deeply humbled to take on such an important role in service to the American people,” said Secretary Carson. “Working directly with patients and their families for many years taught me that there is a deep relationship between health and housing. I learned that it’s difficult for a child to realize their dreams if he or she doesn’t have a proper place to live, and I’ve seen firsthand how poor housing conditions can rob a person of their potential. I am excited to roll up my sleeves and to get to work.” [Read more…]
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