What May Impact Mortgage Rates this Week: February 1, 2016

MortgagePorter-JobsReportWelcome to February! As it’s the first week of a month, we have the Jobs Report due to be released this Friday. Mortgage rates are at their lowest levels in months. Many Washington home owners are taking advantage and refinancing to either reduce their payment, shorten their mortgage terms or taking cash out for home improvements or to consolidate debt. We are also seeing more home buyers in action too! [Read more…]

EveryHome: A match maker for home buyers and sellers [Video]

On our last episode of Seattle RE Chat featured Bryan Copley, CEO of EveryHome.

Everyhome’s concept is based on the idea that every home is for sale for the right price. Bryan thinks of EveryHome.co as a “match maker” between home buyers and home owners – even homes that are not yet listed (off market).

Check out our interview with Bryan and learn more about EveryHome.

 

Freddie Mac Reports Rates Continue Lower for 4th Week in a Row

Freddie Mac’s PMMS Report reveals that conforming mortgage rates continued to trend lower last week with the 30 year conventional averaging 3.79% with 0.6 points.

Jan 28 16 PMMS

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From the Junk Mail Bag: Refi with Lender Paid Closing Cost

If you’ve been reading my blog for a while, you know one of my pet peeves is misleading junk mail that mortgage companies will blast out to attempt to generate business.

2016-01-27 12.15.05

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What May Impact Mortgage Rates this Week: January 25, 2016

mortgageporter-economyThe Fed starts their two day meeting today which wraps up tomorrow. It is highly unlikely that the Fed will make any changes to the Fed funds rate tomorrow. Investors will be paying close attention to the FOMC’s statement that will be released when their meeting has concluded around 11:00 PST.

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DIY Sea Glass Mirror

I guess I’m becoming very crafty… I wanted a sea glass mirror for one of our bathrooms. When I checked online, I was a little surprised at the cost so I decided to make my own. My husband happened to have a mirror of the exact size that I wanted for the bathroom that he was hoarding storing from a previous home. It’s an oval mirror with a beveled edge.

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The difference between your internet credit score and what a mortgage company will use

credit scoreI am taking advantage of the current low mortgage rates and refinancing! I fired up Credit Karma and was surprised to see that my score had dipped. My bank also provides my credit score, which was in line with what Credit Karma was providing – just one point under 720. UGH!!! Apparently, I had used one of my credit cards a little more than I should have over the holidays for some home improvements. One digit in your credit score can make a significant difference in your mortgage interest rate and the cost associated for the rate.

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Freddie Mac PMMS Reports Lowest Mortgage Rates in Three Months

PMMS Jan 14 2016
Freddie Mac’s Primary Mortgage Market Survey reports that mortgage rates continued to trend lower last week with the 30 year fixed conventional mortgage averaging 3.81 with 0.6 points. [Read more…]