Edgewood, WA Real Estate Blog

Mortgage rates have improved since my last post.  In fact, the last time I posted rates this low was a month ago on June 6, 2008.   Mortgage rates continue to be very volatile and as always, I advice locking over floating your mortgage interest rate. 
If you are considering buying a home or refinancing in the next year, [...]

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Mortgage rates continue to trend upward today after a stronger than expected Retail Sales Report.  Tomorrow we have the CPI (Consumer Price Index) which is report that indicates inflation and has a high impact on mortgage interest rates.   Inflation is the “arch enemy” to bonds and mortgage interest rates are based on mortgage backed securities [...]

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I’m very pleased to announce Rhonda Porter as a contributing author.
I first met Rhonda while I was with John L Scott in Federal Way. She regularly visited the office to distribute marketing materials. As my office was located in close proximity to the agent mail boxes, I often had occasion to [...]

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I made the following (rather timely given my previous post) comment on a post at The TNT Open House Blog.
One would have to be rather cavalier (or naive or dumb) not to read all loan documents before signing.
Sympathy for those who don’t? Please… If you’re going to give someone a signed blank check, don’t complain [...]

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Tantra at Calculated Risk has posted another excellent article titled Risk Based Pricing for UberNerds.
This is an in depth article not designed for the casual reader - but a “must-read” for a buyer who wants to gain more than a superficial understanding of loan pricing.
I’m a big fan of Tantra. I highly recommend the [...]

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Judging from an article in todays Wall Street Journal, my post of yesterday Save Those Mortgage Records would have more timely if made some months earlier.
I’m glad I’m not an officer at American Home. I’d fear for my safety.
Loose your home due to lapsed insurance coverage because payments you made weren’t forwarded… foreclosure [...]

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With all the upheaval in the mortgage business there’s a good chance the servicing of your mortgage is going to change hands.
Jack Guttentag, The Mortgage Professor wrote a post last year recommending you save all your mortgage statements until your mortgage is paid off.
His post is even more germane today given the total revamping of [...]

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If I had my way, I’d have every one of my buyer clients seeking a home loan read a couple of books. Notwithstanding that my clients pay me for advice, counsel, and education, it would be difficult for me to provide the in-depth background knowledge you can get if you’re willing to go back [...]

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