Freddie Mac’s weekly Prime Mortgage Market Survey shows that the average conforming rate last week reached a four year high with the 30 year at 4.58% priced with a half point.
Stop paying rent: Mortgages with Low Down Payment Options
April 25, 2018 by Leave a Comment
Recently I wrote about neighbors in West Seattle who were looking for a new place to rent because they have two cats and a dog, limiting their options. I’ve pets my entire life, this is my cat Rocko at his typical hang-out where he can view everything on our stairs.
In my last post, I shared Fannie Mae’s Home Ready mortgage program which offers a low down payment with improved pricing on rates and mortgage insurance. [Read more…]
Reason to stop paying rent #7: You have a pet
April 24, 2018 by Leave a Comment
I love my pets, Rocko and Hitch. We have had pets before we had (our now adult) children. I totally understand someone’s anguish when they are trying to deal with where they are going to live when they have pets.
This morning, I was catching up on Facebook and in our local neighborhood group for West Seattle, a neighbor is worried about if their landlord is getting ready to sell the home they are currently renting. [Read more…]
Mortgage Rates are still low
April 12, 2018 by Leave a Comment
Freddie Mac released their weekly Prime Market Mortgage Survey (PMMS) today showing that last week, conforming mortgage rates were fairly steady after trending higher since the beginning of this year.
Mortgage Rates March Higher
February 22, 2018 by Leave a Comment
Freddie Mac released their Prime Mortgage Market Survey today showing mortgage rates continuing to trend higher.
The PMMS report is based on an average of conforming rates from last week. This is the seventh consecutive week that mortgage rates have moved higher based on this report.
Historically, our rates are still very low. Don’t believe me? Check this out. [Read more…]
Mortgage interest rates moving higher
February 1, 2018 by Leave a Comment
This morning, Freddie Mac released their weekly report on the direction of conforming mortgage rates. The graph from the Prime Mortgage Market Survey is quite telling. Mortgage rates have been pushing higher for the last 6 months. As the economy improves, it would be likely to see rates continue in this direction. The 30 year fixed is up 0.44 in rate from the low of 3.78 recorded in September 2017 and has not been reported this high since last March. Click here for quote with current mortgage rates.
Mortgage Rates improved last week
January 4, 2018 by Leave a Comment
Freddie Mac’s Prime Mortgage Market Survey (PMMS) was released this morning showing that mortgage rates dropped last week. RATES POSTED BELOW ARE EXPIRED. Click here for a mortgage rate quote with current rates for your Washington home.
Freddie Mac’s Weekly Mortgage Survey reveals mortgage rates remain low
November 9, 2017 by Leave a Comment
Every Thursday morning, Freddie Mac publishes the Prime Mortgage Market Survey, a weekly report based on conventional rates from the previous week. It’s an average and it’s also “old news” as a borrower cannot lock in last week’s rates… they can only lock in what’s available “now”. Last week’s survey shows that rates are remaining at historically low levels.
With that said, I don’t anticipate that rates will remain at these low levels forever. It will be interesting to see how having a new Fed Chair, assuming President Trump retires Janet Yellen as he’s indicating, will impact the direction of mortgage interest rates.
What we do know is rates are low “now” and that many home owners are appreciating increased equity… so if you’ve been considering refinancing, you may want to get the ball rolling.
I’m happy to help you with your purchase or refi of homes located anywhere in Washington state, where I’m licensed. Click here for a no-hassle mortgage rate quote.
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