Helping Washington State homeowners learn more about their mortgage options.
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All sarcasm aside, if you want to buy or refinance a home, think twice before going deeper into debt.
If buying or refinancing a home in Washington state is on your radar, please contact me – I’m happy to help you with your mortgage needs and develop a game plan.
This morning Freddie Mac released their Prime Mortgage Market Survey which revealed that last weeks rates hit another low for this year.
If you are interested in seeing if refinancing makes sense, I am happy to review your scenario and provide you with a no-hassle rate quote. Of course I’m happy to help you buy a home too. 🙂 Click here to start the preapproval process.
Tonight HUD announced that they are backing off how they have been treating student loan debts for people who are trying to qualify for a mortgage.
From HUD’s announcement:
“…FHA believes that its approach provides the appropriate balance between expanding access to credit and ensuring that the borrower is able to maintain successful, long-term homeownership.
The HomeReady Mortgage is a mortgage program created by Fannie Mae intended to help low-to-moderate income borrowers with good credit buy or refinance a home.
Here are more details about the HomeReady Mortgage:
****THIS CLASS HAS BEEN CANCELLED****
I will be teaching a home buyer class in Kent with Ira Sacharoff of Better Properties Real Estate on Saturday, April 23, 2016 at Mortgage Master Service Corporation’s home office which is located just south of South Center on West Valley Highway.
The class is sponsored by the Washington State Housing Finance Commission. Students who attend are eligible for programs like Home Advantage or House Key Opportunity (the Washington state bond program) or Freddie Mac Home Possible. Students are also eligible for various down payment assistance programs
Freddie Mac’s Prime Market Mortgage Survey reports that the 30 year fixed conventional mortgage had an average interest rate of 3.59% with 0.5 points last week.
Mortgage rates are indeed very low right now making this a great opportunity to consider refinancing your current home or investment property. If your home is located anywhere in Washington state, I’m more than happy to help you. Click here for a no-hassle rate quote.
Freddie Mac’s PMMS report was released today with commentary that it’s not reflecting the impact Janet Yellen’s comments had earlier this week, causing rates to drop. Remember, Freddie Mac’s PMMS report is an average of LAST WEEK’S mortgage rates…it’s old news if you’re using this for locking. However, it’s good data if you’re interested in trends.
Tomorrow morning we’ll have the Jobs Report which tends to impact rates for better or worse… stay tuned!
The bottom line is that mortgage rates continue to be at very low levels. If you are interested in buying or refinancing a home located anywhere in Washington state, I’m happy to help you!
Rhonda Porter is a Licensed Mortgage Originator MLO121324 living in the greater Seattle area. Rhonda began her career in 1986 in the title and escrow industry and began her mortgage career in 2000. She enjoys helping people understand the mortgage process and started writing The Mortgage Porter in late 2006. Read More…
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