Freddie Mac released their PMMS report yesterday revealing that mortgage rates are at levels we haven’t seen in a year. This is the sixth week in a row that that Prime Market Mortgage Survey has reported rates trending lower. [Read more…]
Mortgage interest rates lowest in 12 months
February 12, 2016 by Leave a Comment
Freddie Mac PMMS “Lower than expected” Mortgage Rates!
February 4, 2016 by Leave a Comment
This morning Freddie Mac released their weekly Prime Mortgage Market Survey report with a title that I couldn’t agree with more: “Lower-than-expected mortgage rates offer refinance opportunity“.
NHF Grant Platinum Program to be suspended
February 4, 2016 by 5 Comments
Well it looks like the National Homebuyers Fund Platinum will be suspended as of February 29, 2016. The lender backing this grant program will no longer be accepting new loans.
If you are preapproved to buy a home and are planning on using the NHF Grant program, you may want to contact your mortgage professional to come up with another plan. [Read more…]
What May Impact Mortgage Rates this Week: February 1, 2016
February 3, 2016 by Leave a Comment
Welcome 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]
January 29, 2016 by Leave a Comment
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
January 28, 2016 by 1 Comment
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.
From the Junk Mail Bag: Refi with Lender Paid Closing Cost
January 27, 2016 by 2 Comments
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.
What May Impact Mortgage Rates this Week: January 25, 2016
January 26, 2016 by Leave a Comment
The 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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