Helping Washington State homeowners learn more about their mortgage options.
It’s Monday and time for the latest episode of The Mortgage Porter Weekly!
This week, we’re talking about mortgage rates trending slightly higher, no real economic news with the government shutdown and the big buzz topic in mortgage right now, the 50-year mortgage.
How are mortgage rates doing following the Fed rate drop last week and what’s on the calendar this week that could influence the direction of mortgage rates? Check out my latest episode of The Mortgage Porter!
If you would like to see current rates based on your personal financial scenario, I’m happy to provide you with a no-hassle mortgage interest rate quote!
The Fed cut rates to the Funds Rate by 25 basis points today, as expected. Although the Fed Funds rate is lower, mortgage rates are actually moving higher as I’m writing this. Mortgage rates are NOT controlled by the Fed.
Mortgage-backed securities are down about 32 basis points.
My apologies! I’m running a day behind. I have a purchase that has a quick closing time that required some extra attention yesterday and as much as I love to share information with you via this blog, my clients come first!
So without further ado, here is this week’s update!
Mortgage rates have been at very low levels and we have the wrap up of the Fed’s meeting tomorrow. Check out my latest video to learn how the Fed’s expected rate cut of 25 basis points may impact mortgage rates.
If you would like a mortgage rate quote based on your personal financial scenario, or if you’re thinking about buying or refinancing a home, please contact me!
Freddie Mac released their weekly Prime Mortgage Market Survey this week showing the lowest rates for the 30-year fixed in over a year.
This week’s episode shows mortgage rates trending lower and we go over 10 different factors that impact how a mortgage interest rate is priced.
We are going on 14 days with the government shutdown. How does the shutdown impact obtaining a mortgage for a purchase or a refi? Is it impacting mortgage rates? Check out the latest episode of The Mortgage Porter.
What??? No Jobs Report last Friday because of the government shut-down? What did mortgage interest rates do? Check out the latest on The Mortgage Porter.
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…
Recent Comments