June 19, 2013
Around 11:00 am PST, we will have the results of the two day FOMC meeting. Following the Fed’s announcement, Ben Bernanke will be holding a press conference. Both of these events are expected to influence the markets and impact the direction of mortgage rates.
I will do my best to cover these events...
June 17, 2013
On Wednesday, we’ll have the results of the Fed Meeting which is sure to influence mortgage rates as traders wait for clues as to what the Fed plans to do with quantitative easing. It is not anticipated that the Fed will make any changes to the Fed Funds rate at this meeting. Ben Bernanke will...
June 14, 2013
Do you or someone you know want to learn more about the home buying process?
Jim Reppond from Coldwell Banker Danforth and I will be instructing a free home buyers class on Saturday, July 20th at the Green Lake Library.
This...
June 13, 2013
This week I’ve been away from my blog more than I like to be…it’s for good reason. I’m training my new assistant, Crystal. Crystal is not a licensed loan officer, so she cannot help with providing rate quotes or take your loan application. She’s great help with my marketing and assisting with transactions that are in process. Welcome, Crystal!
I thought I was attempt to share some of the quotes I’m providing in “real time” to give you...
June 10, 2013
Mortgage rates have been moving higher over the past few weeks. The better than expected data from last Friday’s Jobs Report helped that trend.
There’s not a lot of scheduled economic indicators on calendar for this week so you can expect rates to be impacted by the stock market....
June 6, 2013
Mortgage rates have been moving higher causing some home buyers and rate shoppers a bit of surprise. Mortgage rates have been trending up with hints of QE3 and the Fed’s bond buying program, which has kept mortgage rates at artificial lows, may be wrapping up soon. Freddie Mac reports that the 30 year fixed is at 3.91% when paying 0.7 points and if not points are paid, the rate is 4.09%. Keep in mind that the rates Freddie has posted today are from last week and rates have continued...
June 3, 2013
Mortgage rates have been trending higher, catching some home buyers and home owners waiting for a much lower rate off guard. Will that trend continue? We have the Jobs Report being released this Friday and if it comes in significantly weaker than expected, we may see rates improve. Historically...
June 1, 2013
I’m often asked by home buyers “does my preapproval letter expire” or “what happens if we don’t find a home in a few months”. Preapproval letters should include two dates: when the letter was prepared and when the preapproval expires. Fear not, most of the time,...
May 31, 2013
I will be teaching a home buyer education class on Saturday, July 13, 2013 at the High Point Library in West Seattle.
This class is sponsored by the Washington State Housing Finance Committee. Class participants are eligible for the programs I’m able to offer through the WSHFC, like...
May 29, 2013
Last month I read an interesting article from Coldwell Banker about couples who are buying homes together before they get married. A survey was conducted which ”revealed that 1 in 4 young couples...