Mortgage Market Rate Update for the Week of April 15, 2024

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

Upcoming Class on New Zoning Laws in Washington

***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!

Mortgage Market update for the week of April 8, 2024

Where are mortgage rates? Check out my latest update for this week!

Mortgage Market Update for the Week of April 1, 2024

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

Weekly Mortgage Update for March 25, 2024

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!

Fannie Mae’s March Forecast Stomps out 5% Mortgage Rates

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. [Read more…]

It’s FED Day!

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. [Read more…]

What’s Happening with Real Estate Agent Commissions?

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. [Read more…]