Mortgage continues to operate daily, almost under a new normal daily from continued changes in and outside of the industry. With 29 years of financial background, 9 years in banking and 20 years as a Loan Officer here in Seattle. I am able to reflect on two decades of residential real estate finance and have […]
***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 […]
Today Kiplinger released a tool to assist in calculating the Stimulus funds you may receive in aid from the U.S. government due to COVID 19. This is based upon your Adjusted Gross Income on tax returns filed for 2018. All information below is from Kiplinger.com. “You can get answers to all your questions about these […]
Interest rates will be lower than they have been since before 1980 at 3.8% and are projected to remain steady throughout 2020! According to CoreLogic, home prices will appreciate at a rate of 5.4% over the course of the year. Experts predict that the number of homes sold next year will be equal to or outpace […]
Click the image above to download, great information and education to assist anyone considering a new home purchase. The process of buying a home can be overwhelming at times, but you don’t need to go through it alone. You may be wondering if now is a good time to buy a home…or if interest rates […]
What could 2020 have in store for homeowners and future buyers? In 2018 the Federal Reserve confidently projected higher rates in both short team and long term rates. Concerns of Inflation fueled their analysis. 2019 was a miss. There stance from short term rate hikes to short term rates cuts were a result and long […]
As 2019 comes to an end and history will tell the story of an unpredicted ride lower in mortgage rates. All bets point to 2020 and what mortgage rates will do. Above, Freddie Mac and Fannie Mae are projecting all four quarters to be very similar for Mortgage Rates. Only time will tell, but this […]
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, […]
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 […]
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 […]
