There is no shortage of junk mail. If you have just bought a home or refinanced a home, you’re a very popular person with folks trying to sell you something. Some of the offers in the mail, like discounts to stores, are kind of nice…however other offers are just plain junk, if not worse.
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More Junk Mail for Home Owners
March 23, 2016 by Leave a Comment
What may impact the direction of mortgage rates this week: March 14, 2016
March 15, 2016 by Leave a Comment
This week is packed with economic data that may impact the direction of already volatile mortgage rates. Mortgage rates are based on bonds (mortgage backed securities/MBS) and change throughout the day, similar to stocks. MBS may often move in the opposite direction of stocks as investors will seek the safety of bonds when stocks are being volatile.
Bouncing Mortgage Rates
March 10, 2016 by Leave a Comment
Freddie Mac’s PMMS report reveals that last week the 30 year fixed conforming mortgage averaged 3.68% with an average 0.5 point.
This is slightly higher than what was reported last week and slightly lower compared to a year ago.
From Freddie Mac’s Chief Economist, Sean Becketti:
“The 10-year Treasury yield ended the survey week exactly where it started, however the solid February employment report boosted the yield noticeably on Friday and Monday. Our mortgage rate survey captured the impact of this temporary increase in yield, and the 30-year mortgage rate rose 4 basis points to 3.68 percent. This marks the second increase this year. Nonetheless, the mortgage rate remains 33 basis points lower than its end-of-2015 level.“
It’s still a great time to refinance or lock in a low rate if you’re buying a home. If you are considering either buying a home or refinancing a home located anywhere in Washington state, I’m happy to help you. Click here if I can provide you with a mortgage rate quote.
What’s trending? How about your credit report.
March 3, 2016 by Leave a Comment
Fannie Mae is introducing a new format for credit reports called “trending credit data”. Typically a credit report shows more of a snapshot of what someone’s credit looks like today with late payments as a summary, more or less. Fannie Mae’s “trending” report will actually show a detailed 24 month history of each payment and the balance of that account for every month for the last 24 months. [Read more…]
What May Impact Mortgage Rates this Week: February 29, 2016
February 29, 2016 by Leave a Comment
Happy Leap Year Day! This week is packed full of economic indicators that may impact the direction of mortgage interest rates including the Jobs Report on Friday.
DIY Sea Shell and Sea Glass Sconce
February 27, 2016 by 2 Comments
Just for fun, I decided to take a plain sconce and glue sea shells and glass that we’ve collected to it. My husband and I collected a majority of the sea shells from beaches along West Seattle.
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How many times will your credit be pulled during a mortgage transaction?
February 26, 2016 by 2 Comments
The main reason why I write at Mortgage Porter, is to try to answer questions about the mortgage process. A lot of my “content” comes from questions that my clients (people I’m helping to get preapproved to buy a home or refinance a home).
Recently, one of my clients asked me:
“How many times will my credit needs to be pulled during the whole process from preapproval to closing?” [Read more…]
What may impact mortgage rates this week: February 22, 2016
February 22, 2016 by Leave a Comment
Mortgage rates remain at very low levels. Here are some of the economic indicators scheduled to be released this week.
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