Rain City Guide

Conforming Mortgage Rates (loan amounts up to $417,000 for 1-unit properties).  Conforming rate quote below based on owner occupied, “full doc” with minimum credit scores of 680 with an 80% loan to value or lower and a loan amount of $400,000.   Rates quoted are priced based on a 45 day lock with 1 point and [...]

Our family’s cat, Bagara, is pleased to report to you that on this Friday the 13th, rates are not higher.  In fact the conforming 30 year fixed is slightly improved compared to last Friday’s rates.  
Conforming Mortgage Rates (loan amounts up to $417,000 for 1-unit properties).  Conforming rate quote below based on owner occupied, “full doc” with minimum credit [...]

The document that savvy shoppers use to determine which loan originator they will work with is called a Good Faith Estimate.  It is supposed to be just that an Estimate of the rate and closing costs associated with the loan provided in Good Faith by the Mortgage Professional.   (You are not a savvy shopper if your [...]

There was mid-day price changes today and I can barely lock a 30 year fixed rate at 6.00 as quoted below.   Next week brings economic reports that tend to have a high impact on mortgage interest rates.   Starting on Tuesday morning with the Consumer Price Index (CPI) and on Thursday, we’ll learn about the Jobless Claims and the [...]

What?  I’m writing about something I don’t agree with in principle?  True.  I think that many people are spinning their perfectly good wheels in order to try to find a rate they cannot have unless they’re prepared to lock at the precise moment they are shopping.  But, the practice of rate shopping and kicking the [...]

It’s Friday…and that means I’m posting mortgage interest rates as of 9:20 this morning.  Mortgage bonds have improved by 0.125% over last week’s rates with the recent volatility in the stock market.   Mortgage rates may change at any time…especially with our current market conditions.
Conforming Conventional (Single Family loan amounts up to $417,000).  Rates are based on 30 day [...]

Earlier this week, Ardell requested me to post interest rates on Fridays.   A mortgage professional is not likely to refuse a rate request from any real estate agent. :)    I currently email rates weekly to the agents that I work with.  However, this will be my first time posting interest rates on a web based platform.  It [...]

One of the reasons why we have the Federal Truth in Lending Act (TILA) was to help consumers gather enough information to make an informed decision on the cost of a mortgage loan.
Annual Percentage Rate, or APR is defined as the total cost of credit to the consumer expressed as an annual percentage of [...]