Helping Washington State homeowners learn more about their mortgage options.
Mortgage rates have been very volatile today with the Fed highly anticipated to increase the Fed Funds rate on Wednesday.
Here are some of the economic indicators that may impact the direction of mortgage rates that are scheduled to be released this week:
HUD has just announced FHA loan limits for 2016. Loan amounts were increased for King County, Pierce County, Snohomish County, Clark County and Skamania County.
All other counties have the same loan limits as they did in 2015.
2016 FHA loan limits for King, Pierce and Snohomish Counties are the same as 2016 Conforming High Balance loan limits.
Here is a complete list of FHA loan limits for all counties in Washington:
I apologize for not getting this post done yesterday as I typically do. Last week, I was in Nashville attending the Mortgage Bankers Association’s Independent Mortgage Bankers Conference. It wrapped up on Friday which gave us some time to visit with my son who currently lives there. Our flight home Sunday afternoon was cancelled, which meant my sister-in-law and I had the pleasure of spending most of yesterday on flights to get back home to Seattle. Just for fun, I thought I’d share a pic I took of Minnie Pearl’s hat and shoes, which are on display at the Ryman Auditorium, home of the original Grand Ole Opry.
Redfin has unveiled their online home valuation estimating tool called (ready…) “Redfin Estimate”.
I’m doing some quick comparisons and from what I can tell so far by checking out homes in my West Seattle neighborhood, Redfin seems to offer more accurate home value estimates than Zillow’s Zestimates.
Would you believe that as week four, we are about 75% down with gluing pennies to our floor? Rocko, our cat, has been sneaking his way into the room to supervise us.
Welcome to the last day of November and Cyber Monday. I hope you had a wonderful Thanksgiving holiday.
[Read more…]
In the spirit of “throw back Thursday”, I thought I’d share a vintage photo of my Dad’s family. I doubt it was Thanksgiving, however it appears they were probably going to enjoy a feast of fresh salmon.
My Dad is the young boy in the middle and my Grandpa Ray is the first gentleman on the left and next to him, is my Grandma Marian. I believe the home is in Renton…not sure if the home is my grandparents or the couple next to them.
Happy Thanksgiving from my family to yours!
Conforming loan limits for homes in King County, Snohomish County and Pierce County received a boost with the high balance conforming loan limits of $23,000 for single family dwellings.
All other counties in Washington state will have 2015 conforming loan limits.
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…
Recent Comments