Mortgage interest rates have been VERY volatile with all the movement in the stock market. Typically, when the stock market is plummeting, we see mortgage rates improve. This is because mortgage rates are based on bonds and investors will seek the safety of bonds. In the markets we recently have been experiencing, the lower mortgage rates may be available for moments before moving higher.
How to Catch a Falling Interest Rate
April 16, 2025 by Leave a Comment
Divorce and Your Mortgage: What Washington Homeowners Need to Know
January 14, 2022 by Leave a Comment
Going through a divorce or dissolution of a domestic partnership is one of the most stressful experiences a person can face. In the middle of everything else — attorneys, finances, emotions — your mortgage may feel like a detail you’ll deal with later. But how you handle the mortgage during and after a divorce can have lasting consequences for your credit, your finances, and your ability to buy a new home.
Here’s what Washington homeowners need to know. [Read more…]
Gimme your Best Interest Rate with NO Closing Cost
February 9, 2021 by Leave a Comment
The other day, a Redmond homeowner contacted me for a quote to refinance their home. They specifically requested scenarios for “lowest possible interest rate without paying any points or closing costs“. [Read more…]
Should You Refinance Out of Your FHA Loan to Eliminate Mortgage Insurance?
March 14, 2019 by Leave a Comment
Most homeowners think about refinancing to get a lower interest rate. But there’s another reason to refinance that often gets overlooked — eliminating FHA mortgage insurance. In some cases, refinancing from an FHA loan into a conventional mortgage can actually lower your monthly payment even if your new interest rate is higher.
If you have an FHA loan from 2019 through 2022 — when rates were historically low — this scenario may apply to you right now. [Read more…]
Steps in the Mortgage Process when you are Refinancing a Home (Updated for 2026)
November 10, 2015 by 19 Comments
Steps in the Mortgage Process When You Are Refinancing a Home (Updated for 2026)
Refinancing your home mortgage can be a powerful financial move — whether your goal is a lower interest rate, shorter loan term, cash-out for home improvements, or debt consolidation. In today’s market, many homeowners are refinancing to lock in savings or access equity they built over years of ownership.
Here’s a clear, step-by-step guide to the refinance process, what to expect, and how to prepare for a smooth experience. [Read more…]
