Recently I helped some clients refinance their mortgage on their home in Tacoma. Not only did we dramatically reduce their monthly mortgage mortgage payment, they were able to make some improvements to their home.
“with the money from the refinance, we have done a complete kitchen remodel, new furnace and central A/C, new back deck and stairs, a new roof in about a month, new garage door install, plus we should have enough for exterior paint and maybe replace the gas fireplace…Thank you for all your help!”
I am happy that my clients have a more comfortable mortgage payment and home for when they eventually retire…heck, they’ll be enjoying the air conditioning this summer!
With all the time we’re spending in our homes these days, why not take advantage of historically low mortgage rates and spruce up your home?
Freddie Mac released the weekly prime mortgage market survey (PMMS) today showing rates trending lower last week with rates reported back under 3%.
If you’re considering restructuring your mortgage or debts or making home improvements, I am happy to review your current mortgage to see if refinancing your Washington state home makes sense for your personal scenario.
PS: I also love to help people with the financing of their Washington state home purchases.
Mortgage rates jumped roughly 0.25% today in rate (or about 1% in discount points) today because of strong economic data and possibly signs of inflation. Costco announced it will be raising their minimum pay to $16 per hour – which is great news for Costco employees – however, it’s wage inflation (which we will probably see more of). When wages go up, the cost of goods will follow. Inflation drives mortgage rates higher because of the impact to bonds, like mortgage backed securities. 
The other day, a Redmond home owner contacted me for a quote to refinance their home. They specifically requested scenarios for “lowest possible interest rate without paying any points or closing costs“. 
Recent Comments