Yesterday, Freddie Mac’s PMMS shared that last weeks average conforming rates continue to be under 4.000%. Last week, according to Freddie Mac’s survey, the average rate for a 30 year fixed conforming (FRM) mortgage was 3.93% priced with 0.6 points.
What May Impact Mortgage Rates this Week: August 10, 2015 – Mortgage Rates trend LOWER
August 12, 2015 by 1 Comment
My apologies for not getting this post published on Monday, as I typically do. On Monday, I dropped my son off at the airport for him to begin the next chapter of his life with his first “real job” in a new city (to him), Nashville. As I know I’ve mentioned before, I am so very proud of him.
This week the economic calendar is fairly light. Mortgage rates have been getting a boost from China revolving from the issues with their currency. When there are world issues, investors will trade the faster profits (hopefully) found in stocks for the safety with bonds, like mortgage backed securities.
What May Impact Mortgage Interest Rates this Week: August 3, 2015
August 3, 2015 by 1 Comment
It’s the first week of the month and that typically brings us the Jobs Report on Friday morning. It is anticipated that 227,000 new jobs were added last month…we’ll see Friday if the numbers come in as anticipated. The Jobs Report is not just about how many jobs were added to the economy, it also reflects wages. Data that indicates potential inflation may cause mortgage rates to deteriorate.
Student Loans and Qualifying for a Mortgage in Washington State (2026 Guide)
July 31, 2015 by 2 Comments
If you’re a Washington State homebuyer carrying student loan debt, you’re far from alone. According to the National Association of Realtors, 37 percent of first-time homebuyers also have student loan debt — and many are surprised to discover that student loans don’t have to stand between them and homeownership in cities like Seattle, Bellevue, Tacoma, or Spokane.
The key is understanding how lenders count your student loans when calculating your debt-to-income (DTI) ratio. Different mortgage programs handle student debt differently, and the rules have changed significantly since 2015. Here’s what Washington State homebuyers need to know right now. [Read more…]
What May Impact Mortgage Rates this Week: July 27, 2015 – Mortgage Rates trending LOWER!
July 27, 2015 by 1 Comment
I’m back from my vacation, sailing the Broughton Islands in Vancouver, B.C. with my hubby and our (almost) 2 year old puppy, Hitch. Thanks to my great team at Mortgage Master for taking care of my clients while I was enjoying some time off. I’m relaxed, refreshed, recharged and ready to help you with your mortgage needs.
The Chinese stock market is taking a hit as the Shanghai Composite lost 8.5% overnight. This is giving mortgage backed securities a bit of a boost this morning. Check out the mortgage rates I’ve posted below.
What May Impact Mortgage Rates this Week: July 6, 2015
July 8, 2015 by 1 Comment
My apologies for being tardy on a post I typically do on Mondays… it’s been a busy week and well, my business (helping people with their mortgage needs to buy or refinance their homes) has to come before blogging.
Are you buying a new home? WAIT to buy new furniture!
July 3, 2015 by 3 Comments
I have been working with a couple of clients who are buying homes and who’ve recently asked if it’s okay for them to buy furniture before closing on their new home. It must be all the “Fourth of July blow-out” sales going on that’s causing this question to come up recently.
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