Curious about mortgage rates? Check out my latest video on where rates are and what direction they may be heading ..read more

***THIS CLASS IS SOLD OUT–please contact me if you would like us to arrange another class.*** If you’re a real estate agent, you don’t want to miss out on this upcoming class on Washington state’s new zoning laws. This all day class takes place at the Kent office of New American Funding and we will be serving up lunch as well as important information you need to know. We just have a few seats left so be sure to sign up today! Scan the QR code or click here to RSVP. I hope to see you then ..read more

Where are mortgage rates? Check out my latest update for this week ..read more

It’s Jobs Week! Check out what’s impacting mortgage rates this week in my latest video ..read more

We have a short week with the Easter holiday weekend. Bond markets will close early on Thursday and remain closed on Friday. Want to know where mortgage rates are and what may impact the direction of mortgage rates this week? You’re in the right place! Check out my latest video for the details ..read more

Fannie Mae released their monthly forecast for mortgage rates. The previous month, they received a lot of attention because of how rosy it was with rates forecasted to hit 5.9% by the end of this year with nearing the mid-5% range in 2025. The March forecast, which was released yesterday, is not as optimistic. The difference in the forecasted rate for 2024 Q4 is 0.5%. The half point in interest rate on a $400,000 loan amount is $129 when amortized for 30 years. Of course, this is just a forecast and not a guarantee of where mortgage interest rates will be in the future. However, if I were sitt ..read more

Today the FOMC wraps up their two-day meeting and around 11:00 am PST, we will learn if the Fed is going to make any adjustments to the Fed Funds rate. It is widely expected they will not adjust the rate today. What may impact mortgage interest rates today will be the press release and Fed Chair Powell’s commentary following the meeting. As I write this post at 7:58 a.m., mortgage-backed securities are pretty flat with the 30YR 6% up 3 basis points. The DOW is up 33 to 39,243. Stay tuned ..read more

Last Friday, NAR (the National Association of Realtors) announced a settlement which included a major change to real estate commissions. This settlement still needs court approval to be finalized. Several media sources have been spreading misinformation about commissions with headlines including that buyers agents will no longer be compensated. This is far from accurate. Historically, sellers have paid for real estate commissions from the proceeds of the sale of their home. Many would say that the buyers are actually paying for some of that commission as it’s built into the price of the home t ..read more

 We have the FOMC meeting wrapping up this Wednesday. While we don’t anticipate any changes to the Fed Funds rate, what Chairman Powell has to say following the meeting may impact mortgage rates. For more detail, check out my latest Mortgage Market Update video ..read more

Curious about what’s impacting mortgage rates? Check out my latest video ..read more