Rain City Guide

Rates are pretty close to the same as last week…however I don’t expect this to last considering all of the inflationary data we have.   Inflation will have a negative impact on mortgage back securities (bonds) which will drive interest rates higher.   A 30 year fixed rate term refinance that I closed today at zero points/zero discount now [...]

I was just working on a finance flyer for a listing agent…something I haven’t done in years!   Anyhow, the home is priced at $442,000 and she requested a 30 year and 5/1 ARM both with 20% down for scenarios…I added FHA at 3% down.  The property is in King County and would qualify under the [...]

Rates continue to be very volatile…I’ve seen up to 3 rate sheets from one lender so far today.  Consumer Sentiment came in at an all time low and bonds did ralley early on but have lost their gain.   To see live rate quotes for various scenarios, check out my Twitter.
Conforming Mortgage Rates (loan amounts up [...]

Good news: conforming-jumbo rates have come down significantly!  In fact, the 30 year fixed rate for mortgages priced between $417,001 - $567,500 (for King, Pierce and Snohomish Counties) are the lowest since I’ve started publishing rates at RCG.   
Conforming Mortgage Rates (loan amounts up to $417,000 for 1-unit properties).  The conforming rate quote below is based [...]

Conforming Mortgage Rates (loan amounts up to $417,000 for 1-unit properties).  The conforming rate quote below is based on owner occupied, “full doc” purchase with a sales price of $500,000 and a loan amount of $400,000.  This scenario includes reserves (taxes & insurance) not being waived.   Rates quoted are priced based on a 45 day [...]

The reputation of mortgage brokers as a group has been tarnished by local and nationwide “brokers gone wild” stories that don’t need to be rehashed here. We all know there are some exceptionally fine mortgage brokers who perform exemplary for their clients. This blog article is not another attempt to throw mortgage brokers under the [...]

Mortgage bonds have a negative reaction to inflation and we’re seeing high food and oil prices and rates continue to be very volatile…next week, the drama promises to deliver with the FOMC meeting on Tuesday and the Jobs Report on Friday. I know I sound like a broken record…but here goes: THE FED [...]

Long term fixed conforming rates are slightly improved since this morning…however rates across the board are up compared to last Friday’s rate post. The markets continue to be very volatile and those who play the “floating game” with their rate, may get washed up.
Conforming Mortgage Rates (loan amounts up to $417,000 for 1-unit properties). [...]

With the new credit score based pricing, rates below are based on a 720 credit score. Most mortgage rates are now credit score based. Mortgage rates continue to be very volatile and often change several times a day.
Conforming Mortgage Rates (loan amounts up to $417,000 for 1-unit properties). The [...]

Rates improved slightly from this morning following the Jobs Report today. With the new credit score based pricing, rates below are based on a 720 credit score. For your personal rate quote, please contact your local Mortgage Professional.
Conforming Mortgage Rates (loan amounts up to $417,000 for 1-unit properties). The conforming rate quote [...]