What May Impact Mortgage Rates this week: August 4, 2014

August 4, 2014 by 1 Comment

2014-07-05 09.46.57I hope you’re enjoying your summer. Can you believe that it’s already August? Tomorrow, August 5, 2014, is Seattle Night Out (actually, National Night Out) and many neighborhoods will be getting to know each better over block parties and/or pot luck dinners during this annual crime prevention event. This is a great excuse to get to know your neighbors better so if you don’t have anything planned tomorrow, why not knock on a few doors and have an impromptu pot luck? 🙂

Photo: Our puppy, Hitch, having fun with one of his neighbors, Sadie.

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What May Impact Mortgage Rates this Week: July 28, 2014

July 28, 2014 by 1 Comment

MortgagePorter-JobsReportThis week is packed full of economic indicators that may influence mortgage interest rates, including the Fed meeting on Wednesday and Jobs Report on Friday. The Jobs Report carries a lot of weight with mortgage rates as it may indicate inflation. As the economy and employment improves, we may see signs of wage inflation. Inflation is the arch enemy of bonds, like mortgage backed securities – which mortgage rates are based on. World tensions may also impact mortgage rates as investors may seek the safety found in bonds.

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What May Impact Mortgage Rates this Week: July 21, 2014

July 21, 2014 by 1 Comment

mortgageporter-economyMortgage rates are not only impacted by the direction of bonds (mortgage backed securities); global tensions may also influence mortgage interest rates. We saw this last week with the heart breaking and horrific downing of the Malaysian flight and increased global tensions. Rates slightly improved as investors opted for the safety found in bonds.

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Filed Under: Economy, Interest Rates

What May Impact Mortgage Rates this Week: July 7, 2014

July 7, 2014 by 1 Comment

mortgageporter-economyI hope you and your family had a fabulous holiday weekend. We began our holiday on our boat at Liberty Bay in Poulsbo with a beautiful display of fireworks on July 3rd – it was a lot of fun.

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What May Impact Mortgage Rates this Week: June 16, 2014

June 16, 2014 by Leave a Comment

mortgageporter-economyThe International Monetary Fund (IMF) has just reduced their forecast for the US GDP from 2.8% to 2.0% due to weaker than expected first half of the year. The bond market seems to be shrugging this off with a much stronger than expected report from the Empire State Index. Mortgage backed securities may also be getting support from increased tensions in the Ukraine. Remember, investors will often seek the safety of bonds over stocks when global issues are causing concerns.

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Filed Under: Economy, Interest Rates

What May Impact Mortgage Rates this Week: June 9, 2014

June 9, 2014 by 1 Comment

mortgageporter-economyThis week’s economic calendar appears to be on the lighter side.

  • Thursday, June 12: Retail Sales and Initial Jobless Claims
  • Friday, June 13: Producer Price Index (PPI) and Consumer Sentiment Index (UoM)

Mortgage rates are still at very low levels. [Read more…]

Filed Under: Economy, Interest Rates

How Much Income and Down Payment do You *Really* Need to Buy a Home in Seattle?

May 22, 2014 by 2 Comments

The local media is picking up on an article written by HSH.com that could depress Seattle area home buyers regarding how much income is needed to buy a home in various metropolitan cities. The report relies on data provided by NAR and… ready for this… claims that you need to have an income of $73,851.06 in order to buy a home in the Emerald City.

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Filed Under: Down Payment Assistance, Interest Rates, Residential Purchase Tagged With: , ,

What May Impact Mortgage Rates this Week: April 21, 2014

April 21, 2014 by Leave a Comment

mortgageporter-economyThis week’s economic calendar appears to be a little on the light side. There are no economic indicators due today. Here are the economic indicators scheduled to be released this week:

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