The Mortgage Porter

Mortgage Market Update for the week of February 5, 2024

February 5, 2024 by Rhonda Porter Leave a Comment

Mortgage rates have been “bouncing” around a bit. Check out more on my quick video below.

If you’re considering a mortgage, please reach out to me – I’m happy to help you!

Filed Under: Interest Rates, Mortgage Tagged With: economy, mortgage rates

It’s FED Day! [Live post] Fed Funds Rate is UNCHANGED

January 31, 2024 by Rhonda Porter Leave a Comment

At 11:00 am PST today, the FOMC will wrap up their two-day meeting and we will learn if they have decided to make any adjustments to the Fed Funds rates. It is not anticipated that they will make any changes at this meeting. As I write this (7:35 am), mortgage backed securities are up about 22 basis point, which is following a weaker than expected ADP Employment Report. The DOW is at 38,493. [Read more…]

Filed Under: The Fed - FOMC Tagged With: fomc, the Fed

2024 Mortgage Rate and Real Estate Forecast

January 30, 2024 by Rhonda Porter Leave a Comment

Spoiler alert! I (along with many others) predict that mortgage rates will be below 6% by the end of this year and that we’re going to see a very competitive housing market due to the lack of inventory. I don’t believe we will see home prices come down or a “correction” with home prices. It is so important to make sure that you are fully approved and have your offer structured correctly when you’re ready to buy a home.

Please check out my video for more information and reach out to me if you would like to create a strategy for purchasing your next home!

Filed Under: Economy, Mortgage, Real Estate, Seattle, Video Tagged With: 2024 forecast, mortgage, real estate

Mortgage Rate Update for the Week of January 29, 2024

January 29, 2024 by Rhonda Porter Leave a Comment

This week is packed with market moving events that may impact the direction of mortgage rates, including the FOMC meeting and the Jobs Report. Watch my latest video for more details and please contact me if you are considering buying or refinancing a home.

Filed Under: Interest Rates Tagged With: fomc, interest rates, jobs report

Mortgage Market Update for the week of January 22, 2024

January 22, 2024 by Rhonda Porter Leave a Comment

Mortgage rates have been pretty steady lately. Check out my latest video for the details.

If you’re considering buying or refinancing your home, please contact me for mortgage rates based on your personal financial scenario.

Have a great week!

Filed Under: Interest Rates, Uncategorized, Video Tagged With: interest rates, market update

Real Estate Brokers: Lunch & LEarn this Friday on 2024 Forecast and Strategies

January 22, 2024 by Rhonda Porter Leave a Comment

Attention Real Estate Brokers, YOU are invited to our 2024 Real Estate Forecast and Strategies Lunch & Earn this FRIDAY, January 26, 2024.

This event is featuring Dan Habib from MBS Highway. I rely on Dan (and his father, Barry) along with MBS Highway every morning to stay current with what’s going on with mortgage rates. [Read more…]

Filed Under: Events Tagged With: 2024 forecast

Mortgage Market Update for the week of January 16, 2024

January 16, 2024 by Rhonda Porter Leave a Comment

Where are mortgage rates? What may impact the direction of mortgage rates this week? Check out my latest video for more information!<span data-mce-type="bookmark" style="display: inline-block; width: 0px; overflow: hidden; line-height: 0;" class="mce_SELRES_start"></span>
If you are considering buying or refinancing a home, even if it’s a year or more away, I am happy to help you create a plan. Please contact me for more info!