The Existing Home Sales was released yesterday which reports on the closings of existing single-unit homes.
Would you be surprised to know that last month, 31% of all sales were first-time homebuyers? [Read more…]
Who’s Buying Homes in this Market?
June 22, 2024 by Leave a Comment
Mortgage Market Update for the Week of June 17, 2024
June 18, 2024 by Leave a Comment
My apologies for being a day late publishing this video! Without further ado…
It’s Fed Day! [LIVE POST]
June 12, 2024 by Leave a Comment
In a couple of hours, the FOMC will wrap up their two-day meeting with an announcement on their decision on if they are going to make adjustments to the Fed funds rate. The Fed funds rate does not directly affect mortgage interest rates (except for HELOCs) however, it does influence the direction of mortgage rates. This is because the Fed’s decision is based on the level of inflation. Mortgage rates react negatively to inflation as mortgage rates are based on bonds (mortgage-backed securities/MBS). So, when the Fed raises the funds rate or keeps the rate unchanged due to inflation being too high, mortgage rates tend to move higher. If inflation is in line, we often see mortgage rates improve. [Read more…]
Weekly Mortgage Update for June 10, 2024
June 10, 2024 by Leave a Comment
Here’s a teaser: this week we’ll hear from the Fed when their two-day meeting wraps up on Wednesday. Would you like to know what else is impacting mortgage interest rates? Check out my latest video!
Complete Guide to Accessory Dwelling Units
June 6, 2024 by Leave a Comment
Washington is in the top 3 states for leading the country with the addition to accessory dwelling units! This type of housing makes it possible for providing housing to aging parents, adult children who are priced out of the market, a workspace or to provide income as a rental property.
If you have been contemplating adding an ADU to your home or finding a home with (or that could have) an ADU, I encourage you to check out my latest resource guide: Accessory Dwelling Units.
If you’re interested in learning more about financing options, I am happy to help you!
Mortgage Rate Update for the week of June 3, 2024
June 3, 2024 by Leave a Comment
It’s Jobs Week! Check out what’s going on with rates with my latest video.
Mortgage Rate Update for the week of May 27, 2024
May 28, 2024 by Leave a Comment
I hope you had a great weekend. Here’s what may impact the direction of mortgage rates this week!
If you would like a mortgage interest rate quote with current mortgage rates based on your personal scenario, please contact me!
Home Buying Hack for Roommates
May 23, 2024 by Leave a Comment
I have a great tip for you if you’re currently renting with a roommate and considering buying a home. The HomeReady program allows for you to use “boarder income” to qualify for your next home. If you’re thinking about buying a home where your roommate will continue to pay you rent, you may be able to use that rental income for qualifying for your new mortgage on a one-unit home. [Read more…]
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