Helping Washington State homeowners learn more about their mortgage options.
How are mortgage rates doing following the Fed rate drop last week and what’s on the calendar this week that could influence the direction of mortgage rates? Check out my latest episode of The Mortgage Porter!
If you would like to see current rates based on your personal financial scenario, I’m happy to provide you with a no-hassle mortgage interest rate quote!
The Fed cut rates to the Funds Rate by 25 basis points today, as expected. Although the Fed Funds rate is lower, mortgage rates are actually moving higher as I’m writing this. Mortgage rates are NOT controlled by the Fed.
Mortgage-backed securities are down about 32 basis points.
My apologies! I’m running a day behind. I have a purchase that has a quick closing time that required some extra attention yesterday and as much as I love to share information with you via this blog, my clients come first!
So without further ado, here is this week’s update!
Mortgage rates have been at very low levels and we have the wrap up of the Fed’s meeting tomorrow. Check out my latest video to learn how the Fed’s expected rate cut of 25 basis points may impact mortgage rates.
If you would like a mortgage rate quote based on your personal financial scenario, or if you’re thinking about buying or refinancing a home, please contact me!
How are mortgage rates fairing following last week’s Fed meeting and quarter point rate reduction to the Fed funds rate and what may impact the direction of mortgage rates this week?
Check out my latest episode of The Mortgage Porter Weekly.
For current mortgage rates based on your personal scenario, please reach out to me!
Click this link to watch my take on what happened with mortgage rates since the Fed lowered the Fed Funds rate by a quarter point on Wednesday.
If you’re curious how today’s market affects your home purchase or refinance, let’s connect—I’d be happy to run the numbers for your situation.
It’s finally here. The day we think we’ve been waiting for…the wrap up of the two day FOMC meeting where it is highly expected that Fed Chair Powell will announce that the fed funds rate will be reduced 0.25. As I write this (9:45 am Seattle time) MBS (mortgage-backed securities, which mortgage interest rates are based on) are pretty flat – up about 1 basis point. They’re flat because the markets have already priced in the quarter point rate reduction by the Fed. So if the Fed announces that there is not going to be a reduction to the funds rate or if they decide to cut 0.50 – we will see some serious market reaction. [Read more…]
This week’s episode of The Mortgage Porter covers the upcoming Fed meeting and features my new workshops designed for home buyers.
Mortgage rates liked what they heard from Fed Chair Jerome Powell on Friday when he signaled that the Fed might adjust rates at the upcoming meeting in September. How does this impact mortgage rates and where are mortgage rates trending? Learn this and more about our new and improved bridge loan in this week’s episode.
If you would like to see what current mortgage interest rates are for your financial scenario, please contact me!
Rhonda Porter is a Licensed Mortgage Originator MLO121324 living in the greater Seattle area. Rhonda began her career in 1986 in the title and escrow industry and began her mortgage career in 2000. She enjoys helping people understand the mortgage process and started writing The Mortgage Porter in late 2006. Read More…
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