Options During Challenging Times. Furloughs & Forbearance

***UPDATE*** Underwriting guidelines are changing daily. A Forbearance is an option however it CAN Negatively impact a future refinance or new mortgage. 20 years as a Loan Officer here in Seattle, I have for sure seen the highs and the lows. 2007 was challenging because the disruption in the economy was caused by mortgage and […]

Sun is back and so is the Summer Buyers Guide!

Click the image above to download, 24 pages of great information and education to assist anyone considering a new home purchase. By entering your contact information, you are providing express written consent for Fairway Independent Mortgage Corporation to contact you at the email and number you provided via telephone, mobile device, automated means like autodialing, […]

Seattle Mortgage Rates Update, week of 8/29/19

Consumer confidence retreated a bit in August. However, it remained strong overall, offsetting a weakening in the outlook on economic conditions. Second quarter economic growth was revised down to 2% from 2.1%, in line with expectation. The economy grew at a 3.1% rate in the January-March quarter. New home sales sank more than expected in […]

Seattle Mortgage Rates Update, week of 6/20/19

The Fed kept policy rates unchanged at this week’s FOMC meeting. However the policy statement left the door open for possible rate cuts later this year. The 10 year Treasury yield dropped below 2% this week for the first time since November 2016. Falling yields could indicate that lower rates are yet to come. Bonds […]

Seattle Mortgage Rates Update, week of 6/13/19

Mortgage Rates continue to improve as mortgage bonds reach levels not seen since 2017. The outlook remains good that rates could go even lower this year. As U.S. trade tensions have increased, so have concerns about a global economic slowdown, helping mortgage rates remain low. The Fed is starting to signal it is open to […]