Helping Washington State homeowners learn more about their mortgage options.
Click this link to watch my take on what happened with mortgage rates since the Fed lowered the Fed Funds rate by a quarter point on Wednesday.
If you’re curious how today’s market affects your home purchase or refinance, let’s connect—I’d be happy to run the numbers for your situation.
It’s finally here. The day we think we’ve been waiting for…the wrap up of the two day FOMC meeting where it is highly expected that Fed Chair Powell will announce that the fed funds rate will be reduced 0.25. As I write this (9:45 am Seattle time) MBS (mortgage-backed securities, which mortgage interest rates are based on) are pretty flat – up about 1 basis point. They’re flat because the markets have already priced in the quarter point rate reduction by the Fed. So if the Fed announces that there is not going to be a reduction to the funds rate or if they decide to cut 0.50 – we will see some serious market reaction. [Read more…]
This week’s episode of The Mortgage Porter covers the upcoming Fed meeting and features my new workshops designed for home buyers.
I am so excited to announce that I have a series of online homebuyer classes that I will be hosting starting in October. I’m calling it the Wednesday Workshop. Teaching has always been one of the things that brings me great joy with my career and this has been on my list of things that I want to do for a while. So… I will be having a one-hour session every other Wednesday (roughly) breaking down the process of how to buy a home. [Read more…]
Last Friday, something I have been writing about for years finally happened. Trigger leads have been banned!
The bipartisan Homebuyers Privacy Protection Act (H.R. 2808) is now official. The law doesn’t go into effect until March of next year… so unless you protect yourself and opt-out of being harassed by strange loan officers or I mean, loan officers who are strangers, you will still feel very popular after having your credit pulled.
Honestly, even after this goes into effect, I still recommend protecting your credit by following these steps.
Of course, if you’re thinking about buying or refinancing your home, I am happy to help you!
Mortgage rates are trending lower following the weak jobs report on Friday. Check out this week’s episode of The Mortgage Porter to learn what may impact mortgage rates and a common myth about when you should consider refinancing.
If you’re thinking about buying a home or refinancing your home, please reach out to me! I’m always happy to help you or anyone you know!
I hope you had a great Labor Day weekend. We have a short week and it’s packed with jobs data, which tends to impact the direction of mortgage interest rates – which have been trending lower! In this week’s episode, we also discuss Seattle’s projected home values with the Case-Shiller report.
Buying a home is one of the biggest investments you’ll ever make and protecting that investment with the right homeowner’s insurance (also referred to as hazard insurance) is just as important as finding the right mortgage. Many homebuyers wait until the last minute to shop for coverage, but taking the time to compare policies early in the process can save you money and stress. Here are some tips to help you shop smart for homeowners’ insurance: [Read more…]
Rhonda Porter is a Licensed Mortgage Originator MLO121324 living in the greater Seattle area. Rhonda began her career in 1986 in the title and escrow industry and began her mortgage career in 2000. She enjoys helping people understand the mortgage process and started writing The Mortgage Porter in late 2006. Read More…
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