Home Buyer Education Class on July 20, 2013

Do you or someone you know want to learn more about the home buying process?

Jim Reppond from Coldwell Banker Danforth and I will be instructing a free home buyers class on Saturday, July 20, 2013 at the Green Lake Library.

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Attend my Home Buyer Education Class on July 13, 2013

UPDATE 7/14/2013:  This class has already taken place.  If you would like to attend another home buyer seminar that I’m teaching, visit my home buyer education page.

I will be teaching a home buyer education class on Saturday, July 13, 2013 at the High Point Library in West Seattle.

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I’m going to have a painting on exhibit at Bumbershoot!

You may or may not know that I started painting earlier this year for a new hobby. Most of my paintings have been on black velvet. I was thrilled when I was asked by Marlow Harris if I would contribute an Elvis painting to the Elvistravaganza! exhibit at Seattle Center. 

My painting of Elvis getting ready to enjoy a peanut butter, bacon, banana sandwich is not quite finished yet. I just thought I’d share where I’m at with him right now. I’ll post an update when I’m finished with him.

This event takes place during Bumbershoot, Labor Day weekend, at the Seattle Center. Elvistravaganza celebrates the 50th anniversary of when Elvis filmed “It Happened at the Worlds Fair”.

Come check out the exhibit during Bumbershoot. You’ll find a whole lot of Elvis at the Seattle Center Pavilion. 

I’m speaking at Mortgage Tech Summit next week!

At last year's Mortgage Tech Summit, I presented a session on my "talking" good faith estimates and rate quotes. This is something that I do for my clients to help review their personal mortgage scenario.

On February 9 and 10, I'll be in Scottsdale at MTS to share how I am able to work with clients I really enjoy from my blogging and other social media efforts. I'm often contacted by mortgage originators across the country wanting my advice on social media – here's your chance to learn from some of the folks I consider the best in our industry.  I'm honored to be one of the speakers in this line-up and can't wait to attend the other sessions.

If you're a mortgage or real estate professional, I encourage you to check out this event. Learn more at www.mortgagetechsummit.com.


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And of course, I will be checking my email and voice mail on breaks while I'm away. 

Mortgage Master Service Corporation receives Outstanding Lender Award

MmscawardI'm very proud of my employer, Mortgage Master Service Corporation, the Porter family and my co-workers for being recognized last night at the Washington Association of Mortgage Professionals (WAMP)  2011 Leadership Awards for Outstanding Lender (retail mortgage company).  

Mortgage Master Service Corporation was established in 1976 by the Porter family (my in-laws) and it was such an honor to be there with Marilyn Porter, President of Mortgage Master, and my sister-in-law, to receive the award.

I'm honored to be one of four finalist for Outstanding Mortgage Originator in Washington State by WAMP.

Congrats to all the nominees and those who took home awards last night. It was a fun evening made extra special by enjoying it with my sister, Nicole Christy, Frank Garay and Brian Stevens, Anny Havland as just few of the fine folks at our table. And it was nice to so many old friends after being in the industry for 25 years.

Photo credit: Nicole Christy (my sister and Account Executive at Kinecta Credit Union).

West Seattle Street Fair

The West Seattle Street Fair (aka  West Seattle Summer Fest) is taking place right now (actually started yesterday) in "The Junction" on California Avenue.  If you've never been to the fair, it's a lot of fun, food, arts, crafts and music.  The fair ends tomorrow at 5pm and goes on until midnight tonight…so don't delay!



My First Post “In Flight” on Alaska Airlines

I'm actually in route to Denver as I type this post.  I'm a speaker at the first ever Mortgage Tech Summit which will be taking place tomorrow. I'm going to be showing fellow mortgage professionals how I create "talking" rate quotes and good faith estimates.  If I've helped you with a refinance or buying a home in the past few years, then you're familar with this tool that I provide my clients.  I've received wonderful feedback since my clients can refer back to their talking quotes and good faith estimates at their convenience and share them with their trusted financial advisor, real estate agents or family members.  It's been an instrumental part of my business practice.

Even if I wasn't invited to speak at this event, I'd be on my to Denver for this event. I'm looking forward to all of the sessions and to learning from mortgage professionals from across the country whom I respect. 

It's not too late to sign up if you're interested in joining us and you can follow the event by watching #MTS11 on Twitter.

I will be checking email and voice mail on breaks and will be back in Seattle on Friday.

This Week Could be a Doozie for Mortgage Interest Rates

In the past, I've included the scheduled events that may impact mortgage interest rates in my rate weekly rate post.  However, this week is so packed data that I thought it was worthy of a post all its own.  Check this out (items that are bold tend to be the may be the most influential to rates):

Monday, April 25:  New Home Sales

Tuesday, April 26:  Consumer Confidence

Wednesday, April 27:  FOMC Meeting and Durable Goods Orders

Thursday, April 28:  Gross Domestic Product, Initial Jobless Claims, GDP Chain Deflator and Pending Home Sales.

Friday, April 29:  Personal Consumption Expenditures and Core PCE, Employment Cost Index, Chicago PMI and Consumer Sentiment Index (UoM).

Wednesday, we'll learn if the Fed's interest rate decision and possibly gain clues as to their plans with QE2.  Ben Bernanke is going to be having a news conference following the FOMC meeting which many will be tuned into hoping for clarity on his views of the direction of our economy.  You can see the entire week offers plenty of data to be digested.  

Remember, mortgage rates are based on mortgage backed securities (bonds) and are not set by the Fed.  Mortgage rates may are impacted by how MBS are being traded on the bond markets.  When the stock market is rallying or there are signs of inflation, mortgage rates tend to raise higher.  When the stocks are tanking, investors will often seek the safety of bonds which will cause rates to move lower.

Whether or not you should lock or float (not lock) your interest rate depends on your personal risk tolerance.  My general stance is that if you like the rate that is currently available – you should consider locking.  Decide which scenario is worse for you: losing today's rate by not locking or locking todays rate with a rate drop tomorrow.  Please discuss this with your local mortgage professional.  I am a NMLS Licensed Mortgage Originator dedicated solely to Washington State.    If you are interested in a mortgage for a home located anywhere in Washington State, I am happy to help you.

NOTE:  I plan on posting mortgage interest rates today.  Stay tuned!