Home owners looking to take advantage of today’s low rates with a refinance or purchase, may want to consider a 20 year fixed conventional mortgage. The 20 year fixed conventional offers lower rates than the 30 year fixed and lower payments than a 15 year fixed mortgage.
Comparing the 20 Year Fixed Conventional Mortgage to a 15 Year and 30 Year [Mortgage Rate Post]
October 17, 2014 by Leave a Comment
How much can mortgage rates change in a day?
October 15, 2014 by Leave a Comment
Today was one of the most volatile days we’ve seen in years. I believe it’s the biggest hit the DOW has seen in three years. Mortgage rates started off surprisingly low this morning and this afternoon, they are heading back up. I still have a couple lenders who are still under 4% for a 30 year fixed conventional mortgage, as I write this post (3:09 pm, October 15, 2014).
Mortgage Rates Drop to new 2014 Lows
October 15, 2014 by 1 Comment
The 30 year fixed is back under 4.000% as I write this post. Rates change constantly and with how volatile the markets have been, we could see mortgage rates bounce back up as quickly as they’ve dropped down.
I’m a Finalist!
October 14, 2014 by 2 Comments
I am humbled to be a finalist in three categories at the 2014 Business and Humanitarian Awards Leadership Awards Gala. This annual dinner is an event that is organized by the Washington Association of Mortgage Professionals (WAMP). I am a finalist in the following categories: Loan Originator, Media/Marketing Company (Mortgage Porter) and Media/Marketing Individual (Mortgage Porter).
What May Impact Mortgage Rates this Week: October 13, 2014 – Mortgage Rates are LOWER
October 13, 2014 by 1 Comment
Happy Columbus Day from Seattle – oh snap, I mean Happy Indigenous People’s Day. Regardless of which holiday you chose to celebrate, today is a Federal holiday and many offices are closed, including recording offices (no closings will be taking place today). Our office is open and I’m happy to help you with your mortgage needs. As today is a holiday, markets are closed. Here are some of the economic indicators scheduled to be released the rest of this week:
What the Fed Says and How It Impacts Mortgage Rates [LIVE POST]
October 8, 2014 by Leave a Comment
I am going to attempt to write a “live post” today to illustrate how mortgage rates may change based on data that is released throughout the day and market reactions. Please keep in mind that despite my best efforts, sometimes a “live post” can be a bit challenging…we’ll give it a try!
What May Impact Mortgage Rates this Week: October 6, 2014
October 6, 2014 by 2 Comments
Last Friday’s Jobs Report came in better than expected and mortgage rates ticked up a little higher on Friday but are still in a tight range and essentially unchanged compared to last Monday’s rate post (slightly improved). There’s not a lot on the dance card this week for scheduled events that may impact the direction of mortgage interest rates this week. Watch for the Fed Minutes on Wednesday, which has stronger odds of moving mortgage rates. Since this week’s calendar is so light, I’m adding a couple items that will not impact rates…but are eventful!
When Can I Buy Again after a Short Sale?
October 6, 2014 by 1 Comment
I received this question from on of our readers over the weekend:
Hi Rhonda, I completed a short sale in Sept 2012, looking to repurchase. I know that Fannie Mae just extended their post short sale repurchase guidelines to a waiting time of 4 years. What other options do I have? I have enough for downpayment and FICO around 720ish. Thanks!
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