Laurie Ausmus NMLS # 116156

Hallelujah!

Mortgage Rates Dip – What You Need to Know for Your Homebuying Plans - Washington First Mortgage Loan Corporation Mortgage rates move downward in response to the Fed's latest decision. Here's what you need to know for your homebuying strategy.

The Fed left policy rates unchanged again at their December meeting. Mortgage rates had already fallen in anticipation. Officials project inflation will come down faster than previously thought and predict up to three rate cuts next year. If you are ready to make a move now, there's no need to wait. We have programs that can work in the framework of today's market and prepare you for the future. Please let me know if I can help.

Continued Decline: Mortgage Rates Hit Fifth Straight Week of Decrease - Washington First Mortgage Loan Corporation Freddie Mac reports another drop in mortgage rates for the fifth week in a row.

Inflation's down. Is it time to make a move? When the Consumer Price Index showed prices were unchanged for the month of October, mortgage rates immediately fell. Markets are likely to remain volatile, though, as investors try to anticipate the Fed's next move on rates. If you've been waiting to purchase, refi or access cash from equity, it's a good time to take a closer look. I'm here to help. Washington First Mortgage Loan Corp is an Equal Housing Lender.

Trending Now: Mortgage Rates Hit a Low --Prospective Buyers, Don't Miss Out!
Calling all savvy homebuyers and refinancers! Here's the latest on mortgage rates as of July 17, 2023. Let's break it down:

30-year fixed-rate mortgages: The average interest rate is 7.18% --a welcomed drop from last week's 7.38%. As a reminder, a 30-year fixed-rate mortgage is a popular choice for many because the monthly payment is lower compared to a 15-year mortgage.

15-year fixed-rate mortgages: These are running at an average rate of 6.51%, down from 6.60% last week. The catch? Your monthly payment will be higher, but you'll end up paying less interest overall because you'll pay off the loan faster.

5/1 adjustable rate mortgages: The average rate for an ARM loan is 6.19%, a slight dip from 6.23%. With this option, you'll have a lower interest rate than a fixed mortgage for the first five years. After that, your rate could go up or down based on market changes and your loan terms.

Where are rates heading?
Now, the big question on everyone's minds: Will they continue to slip down? That's a tough call. As you may remember, the Feds took a break from raising interest rates in their last meeting after a streak where they boosted rates in 10 consecutive meetings.

However, the Fed's commitment to reaching a 2% inflation target means they're unlikely to back down from increasing them again. They're committed to this goal, and increasing rates is their best weapon to do it.

So, don't be surprised if rate increases make a comeback. In the meantime, take advantage of the current rate decrease and contact us for more helpful, money-saving home finance guidance.

Trending Now: Mortgage Rates Hit a Low --Prospective Buyers, Don't Miss Out! Mortgage rates are slipping downward, making it the golden opportunity to save on your home loan.

Even when mortgage rates are trending up, some people still need home financing. If that's you or someone you know, rest assured there may be loan programs to help. Please let me know if you'd like to have an honest discussion about your scenario. Meanwhile, here's a brief video that offers my take on the current environment. Washington First Mortgage Loan Corp is an Equal Housing Lender.

The Truth About Mortgage Rates Learn more about today's mortgage rate environment.

The Fed raised policy rates by 0.75% at their September meeting and hinted at more hikes to come. Mortgage rates won't automatically change at the same pace. If you are in need of home financing, we have programs that can work in the framework of today's market. Please let me know if I can help. Washington First Mortgage Loan Corp is an Equal Housing Lender.

Happy Independence Day! Fire up the grill, light the fireworks, and celebrate! Washington First Mortgage Loan Corp is an Equal Housing Lender.

The Fed raised policy rates by 0.75% at their June meeting. Mortgage rates had already risen in anticipation of the move. It's expected the Fed will continue moving rates up at each meeting this year, so long as conditions warrant. If you are thinking of a home purchase, refi, or accessing cash from equity, it may pay to act before further increases. Please reach out if you want to talk about it. Washington First Mortgage Loan Corp is an Equal Housing Lender.

I hope you'll join me in pausing to remember those who sacrificed for our freedoms this Memorial Day, even as we celebrate the unofficial start of summer. I wish you a safe and memorable day! Washington First Mortgage Loan Corp is an Equal Housing Lender.

Here's your weekly look at the markets!

Your quick weekly look at what's happening with mortgage rates and in the housing and finance markets. Markets in a Minute

Happy Easter! Wishing you sunny skies, a basket of your favorite goodies, and a rejuvenating celebration that fills you with peace the rest of the year!

Here's your weekly look at the markets!

Markets in a Minute Enjoy this quick update on what's going on in the housing and financial markets.

Ready to make your life less interest-ing? If you own a home, savings are probably hiding in your mortgage! Use this calculator to find the average interest rate you’re paying for your consumer debt. Then, discover how much you can save when you use your home equity to consolidate other loans – and maybe even pay your home off faster! Let me know if I can help.

Debt Consolidation Analysis Calculator Consider how much you spend (and can potentially save) on interest.

The Fed raised policy rates by 0.25% at their March meeting. They also hinted at more increases to come this year. Mortgage rates had already risen in anticipation and will likely continue the pattern. If you are thinking of a home purchase, refi, or accessing cash from equity, it may pay to act before further increases. Please reach out if you want to talk about it.

Remember to change your clocks! Well, most of your clocks will probably change themselves, so remember to plan for later sunsets, warmer afternoons and at least a few days of feeling really, really tired. And this is a good time to test your smoke alarms and carbon monoxide detectors, too!

Official home price change reports are in, and it's good news! Nationwide home prices were up 17.5% year over year at the end of 2021. For owners, this means you may be able to take advantage of equity to fund improvements, consolidate debts or more. For buyers, it may mean that now's the time to act before prices rise more. Follow the link to check out overall appreciation rates or drill down to see how things look in your zip code.

Real Estate Appreciation Data See how home values have changed across the country and in your zip code. Check it out!

Laurie Ausmus NMLS # 116156 updated their business hours.

Laurie Ausmus NMLS # 116156 updated their website address.

Laurie Ausmus NMLS # 116156 updated their phone number.

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