We have jobs data this week and we have Trump’s tariffs potentially impacting mortgage rates. In this episode, I share how loan level price adjustments are used to determine mortgage rates. Check out all this and more in my weekly update!
Mortgage Interest Rate Update for the Week of February 3, 2025
February 3, 2025 by Leave a Comment
Mortgage Rate Update for the Week of January 27, 2025
January 27, 2025 by Leave a Comment
Tariffs, Trade Wars, China’s AI and then… we have our scheduled economic data that may impact rates this week, including the wrap up of the 2-day FOMC meeting on Wednesday. Check out my latest video to learn where rates are and more!
By the way, if you or someone you know are wanting to buy a home, refinance or have been turned down for a mortgage, please contact me! I’m happy to help.
Are You a Co-Signer on a Student Loan?
June 26, 2023 by Leave a Comment
When Congress resolved the latest debt ceiling with the passing of The Financial Responsibility Act of 2023, both parties agreed to stop the forbearance on student loans payments. Federally backed student loan payments have been paused for the past three years due to the pandemic. Payments on student loans are set to resume following this September and many are not going to be prepared for this. [Read more…]
Tired of “Trigger Leads”? Take ACTION NOW!
June 20, 2023 by Leave a Comment
If you’ve applied for a mortgage, you are probably painfully aware of what it’s like to be a “trigger lead”. When your credit is pulled, the consumer reporting agencies resell your information to lenders. These unfamiliar lenders relentlessly harass consumers via phone calls and even text messages. This is very different than consumers who sign up to receive calls from various lenders when the consumer visits and enters their contact info into “lead generating” websites in search of rate quotes. A person having their credit pulled by a lender they have selected should not involuntarily be subject to having strange lenders contact them. [Read more…]
Some things to Consider before you do Forbearance with your Mortgage
April 13, 2020 by Leave a Comment
Politicians and the media have made it sound like entering into a forbearance with your mortgage because of the pandemic is something that many Americans are taking advantage…and maybe you should too, right? Well…maybe not. [Read more…]
Governor Jay Inslee clarifies requirements for Loan Officers and Real Estate Agents during the Pandemic
March 30, 2020 by Leave a Comment
Last Friday, Governor Inslee issued clarification to real estate agents and lenders regarding real estate and mortgage transactions during the corona virus pandemic. Originally, real estate agents were clarified as “non-essential” which caused a bit of an uproar in the real estate industry. [Read more…]
How Much Home Can You Buy with $97K Income with a Low Down Payment
February 14, 2020 by Leave a Comment
The Seattle City Council recently passed a ban on evictions during winter months in Seattle. I’m all for protecting people when the weather is hazardous, however winter in Seattle is often quite mild. I’m actually very concerned about this legislation and how it may impact the rental market. I’m betting we will see more people decide to sell their Seattle investment property and move to other cities that are friendlier to landlords. Especially once you factor that Seattle laws prevent landlords from being able to screen potential tenants (it’s first come/first serve despite criminal history) and that landlords can only collect up to 1 month’s rent (plus 25% of one months rent if they accept pets) which can be paid over six months. Landlords are really in a risky position if the property is under Seattle’s regulations. [Read more…]
King County Property Taxes average 13.7% Higher for 2020
February 13, 2020 by Leave a Comment
The King County Tax Assessor has issued a press release two days before 2020 property taxes will be released. From the press release:
“About 55 percent of property tax revenues collected in King County in 2019 pays for schools. Property taxes also fund voter-approved measures for veterans and seniors, fire protection, and parks. King County receives about 18 percent of your property tax payment for roads, police, criminal justice, public health, elections, and parks, among other services. [Read more…]
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