I hope you had a great weekend. Here’s what may impact the direction of mortgage rates this week!
If you would like a mortgage interest rate quote with current mortgage rates based on your personal scenario, please contact me!
Mortgage Rate Update for the week of May 27, 2024
Comparing Closing Cost
Sometimes I see quotes from competitors that befuddle me. This morning, a home owner in Maple Valley asked me to review their FHA streamlined refinance quote that they received from a big bank.
The great big bank not only has a much higher interest rate, but their closing cost are also more expensive. In fact, when I review the closing cost, it makes me wonder if the loan officer has originated many FHA loans.
Here are the bank’s closing cost for an FHA streamline refi… [Read more…]
How Much Reserves are Required When Refinancing?
I had a great question yesterday from a potential client who asked how come my Good Faith Estimate was showing more reserves being required than the other lenders he was comparing me to. [Read more…]




