Mortgage rates remain low following the Jobs Report

This morning the August Jobs Report came in with slightly weaker data than expected with only 151k non-farm payroll jobs added.

Yesterday, Freddie Mac released their PMMS report showing the 30 year fixed conventional rate still hanging around (just below) 3.500%.

2016 09 01 pmms

If you’ve been contemplating refinancing, it could be time to get off your duff! If your home is located anywhere in Washington state, I’m happy to help you. Click here for a no-hassle mortgage rate quote.

PS: Our office will be closed on Monday for Labor Day. I hope you have a wonderful holiday weekend!

Friday Flashback: Mortgage Rates from 15 years ago

My husband and I have been cleaning out the garage and I came across an old mortgage rate sheet from August 2001. Mortgage rates were a bit higher 15 years ago. If you paid a 1% discount point, your rate for a 30 year fixed would have been 6.500% on a 30 day lock.

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How to Buy a Home with your Roommate

Fannie Mae’s HomeReady mortgage allows a home buyer to qualify using “boarder income”.  What does this mean? Remember our favorite roommates Laverne and Shirley?

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How to reduce documentation for a refinance

iStock_000013548856SmallMany home owners in Washington state are looking into refinancing with how historically low mortgage interest rates currently are. The process of a refinance is very similar to that of when you obtained a mortgage to purchase your home…there is a lot of a paperwork and documentation required for the process. However…there are options you may have available to help reduce some of the documents that are typically required.

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Mortgage Rates poised to move higher with Jobs Data

Recruitment or Employment Issues Chalk Drawing

Mortgage rates have been bouncing at historic lows following Brexit. Rates could bump higher following the Jobs Report which is scheduled to be released tomorrow morning.

Today’s ADP Report came in with stronger than expected employment data and last month’s Jobs Report came in worse than expected.

My advice? [Read more…]

Mortgage interest rates near all time record lows

Yesterday Freddie Mac released their Prime Mortgage Market Survey revealing that mortgage interest rates are near all time record lows with the 30 year fixed rate mortgage averaging 3.48 with 0.5 points for the week ending June 30, 2016.

2016 06 30 freddie mac pmms

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Fannie Mae increases income limits for HomeReady

iStock_000009450603SmallFannie Mae will be increasing the income limits for HomeReady effective July 16, 2016 making it easier for more people to qualify for this mortgage program. [Read more…]

Mortgage rates dropping following the Brexit

Mortgage_Porter_Rates_GapInvestors had been banking on the Brits staying in the European Union. This morning’s Brexit narrow vote to leave the EU results stunned the markets. The Dow was down over 500 points. This morning, mortgage rates are dropping.

Want to lock in a historically low mortgage rate? You can start with getting a rate quote or by starting a pre-application. NOTE: I am licensed to originate mortgages for homes located in Washington State.