Helping Washington State homeowners learn more about their mortgage options.
Mortgage rates liked what they heard from Fed Chair Jerome Powell on Friday when he signaled that the Fed might adjust rates at the upcoming meeting in September. How does this impact mortgage rates and where are mortgage rates trending? Learn this and more about our new and improved bridge loan in this week’s episode.
If you would like to see what current mortgage interest rates are for your financial scenario, please contact me!
I’m excited to share some important and timely news that’s poised to make your homebuying experience smoother, less stressful, and more private. If you’re a long time reader of The Mortgage Porter, you know that I have a huge beef with trigger leads with the articles I’ve written. Let me break down the latest developments around the Homebuyers Privacy Protection Act (H.R. 2808)—also known as the “Trigger Leads” bill—and explain exactly what it means for you. [Read more…]
Mortgage rates seem to be pretty steady (right now). This week’s episode features a down payment assistance program that doesn’t require you to be a first time home buyer or have income limits. Check it out in my latest update or contact me with questions!
Mortgage rates have been trending lower but does that mean it’s a good time to refi?
Mortgage rates have improved following Friday’s weak BLS Jobs data. Check out my weekly report to learn more.
The other day, a home buyer who was shopping interest rates told me that another lender would not provide her with a rate quote unless she submitted an application and allowed them to run her credit. This is wrong! A lender does not need a complete application or to pull your credit report (not even a “soft-pull”) before they can provide you with a detailed mortgage rate quote. I don’t know if it was the lender’s company policy or if they were just trying to get more information – however, it should not be required. [Read more…]
Today at 11:00 PST we will learn if the Fed is going to make any changes to the Fed Funds rate as they complete their two-day meeting. It is widely expected that there will be no change to the rate today. The Fed Funds rate does not directly impact mortgage rates* as mortgage rates are based on bonds (mortgage-backed securities), which move similar as stocks. Markets will be waiting for the Fed’s statement and the press conference that follows the rate decision. [Read more…]
We have the Fed meeting, PCE (inflation data) and the Jobs Report…oh my!
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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