What May Impact Mortgage Rates this Week: January 13, 2014

January 13, 2014 by 1 Comment

mortgageporter-economyMortgage rates are improved  following Friday’s disappointing Jobs Report.

Mortgage rates are based on bonds (mortgage backed securities) which can react in reverse to stocks. If stocks are on a hot streak, you may see investors trade of safety of bonds for the potentially quicker return found in stocks (the reverse is also probable). Signs of inflation may also cause mortgage rates to trend higher.

Here are the economic indicators scheduled to be released this week (no indicators are scheduled for today):

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Filed Under: Economy, Interest Rates

History of Mortgage Rates [Graph]

January 7, 2014 by Leave a Comment

I began in the title industry in 1986 and then moved to my mortgage career in 2000.  Thanks for creating this graph, Zillow, illustrating that rates truly are and have been at historic lows.  During 2014, I expect we’ll see mortgage rates trend higher although still remain “historically low”…just not a the levels many have became accustomed to.

 

Filed Under: Interest Rates

What May Impact Mortgage Rates this Week: January 6, 2014

January 6, 2014 by 1 Comment

MortgagePorter-JobsReportThis week we’ ll be watching for the minutes from the last FOMC meeting and the Jobs Report as they may impact the direction of mortgage interest rates. It’s anticipated that employers added 197k jobs in December. Here are the economic indicators scheduled to be released this week:

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Filed Under: Economy, Interest Rates Tagged With: , ,

WSHFC announces new income limits for down payment assistance programs

January 3, 2014 by Leave a Comment

The Washington State Housing Finance Commission has announced changes to income limits for some of their down payment assistance programs.

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Filed Under: Down Payment Assistance, WSHFC Tagged With: , , ,

Happy 2014

January 2, 2014 by Leave a Comment

IMG_20131230_205252Earlier this week I met with my team at Mortgage Master to review goals for this year. This past year at the company has been great. I added a Loan Officer Assistant, Crystal and our main office moved to a beautiful new office in a more central location. Mortgage Master has also added to their management team, which has been beneficial by providing extra support to our mortgage originators. I’ve added additional tools to what I offer clients as well and I’m eager to start better implementing them into our services. I am constantly reviewing and trying new programs with the goal of helping clients have better tools and information to help make informed decisions for their mortgage needs.

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Filed Under: Mortgage Tagged With:

80 – 10 – 10’s now are back… at Mortgage Master Service Corporation!

December 31, 2013 by Leave a Comment

It’s back… the 80/10/10 mortgage program which allows home buyers to put just 10% down and avoid having private mortgage insurance via a second mortgage/home equity line of creedit.  The second mortgage/home equity line of credit technically does not have to be at 10% with the first mortgage at 80% of the loan to value (sales price). Often times, the mortgages may be structured around conforming loan limits, as long as the total combined loan to value is 90%.

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Filed Under: Home Equity Loans & Second Mortgages, Residential Purchase Tagged With: , , ,

What May Impact Mortgage Rates this Week: December 30, 2013

December 30, 2013 by Leave a Comment

Seattle_fireworksWelcome to the last mortgage rate update for 2013! This is another short holiday week. December’s Job’s Report will not be released until next Friday, January 10, 2014.

Here are the economic indicators scheduled to be released this week:

[Read more…]

Filed Under: Economy

2014 Predictions for the Seattle Real Estate and Mortgage Trends #SeattleREchat

December 26, 2013 by Leave a Comment

In this year’s final episode of Seattle Real Estate Chat (we’re coming back in 2014!), Jim Reppond and I review 2013 and make a few prediction for 2014 regarding the real estate market and mortgages in the greater Seattle area.

We will resume our regular scheduling of Tuesday mornings at 10:00 am PST for Seattle Real Estate Chat on Tuesday, January 7, 2014.

Thank you for watching our show – I hope you’ll tune in next year. 🙂

Filed Under: Seattle Real Estate Chat, Video Tagged With: , , ,
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