November 2014

Planning ahead for your mortgage application will save you time and trouble once you start making offers.  Income: Provide your last two paystubs along with your W2s and Federal tax returns for the last two years (include all schedules). State returns are not needed. If you are self-employed, ask me for the additional documentation requirements. If you receive bonus or commissions or have changed your

October 2014

The advance estimate of third quarter GDP growth is slightly higher than expected. Good economic news can lead to higher rates.  As expected, the Fed’s Quantitative Easing ends this month. Members are positive about labor and inflation. Policy rates will likely remain low for some time. Consumer confidence is at a recovery high. Expectations for jobs and income lead the October increase. More confident consumers could


Two key measures show strength in the industrial sector. Production is up, and manufacturing is solid. Good economic news can be bad for rates. October consumer sentiment is at a recovery high. Stronger jobs and lower gas prices get credit for the boost. High confidence could mean more home buyers. The Consumer Price Index, a measure of inflation, is up marginally. Still below the Fed’s 2% target, low


In the housing market, the best deal doesn’t always come with the lowest price. Price vs. Payments – If you’re financing your purchase, you’ll probably never come close to paying the actual price. You’re making a comparatively small down payment and then paying interest on the loan until you refinance or sell. Yes, you will have a higher payment if you pay more for the home, but


Concerns about global financial markets are the likely cause of major movement in stock and bond markets. Rates initially responded by dropping to the year’s low. Retail sales fell in September after a strong August. Weak wage growth is one reason consumers report spending less. These factors could support low rates. The Fed’s summary of economic conditions showed concern for weak inflation and the impact of the world economy on US recovery.


Understanding the makeup of your credit score is the first step toward managing and improving it. As you might expect, payment history is the most influential component in your credit score, followed closely by the amounts you owe. To lesser degrees, the length of time you’ve utilized credit, the number of new accounts or inquiries you have, and the various types of credit accounts you


At Absolute Mortgage in Issaquah we’re all about educating our clients so they can make informed decisions when it comes to the financing of their home. Here are Mortgage DOs and DON’Ts to follow during your loan process. DO: Keep All Records in Good Order. Availability – Keep your financial records close at hand in case updates are requested. Income – Be aware that underwriters typically verify your


The U.S. added jobs for the 55th straight month. Unemployment dropped to 5.9%, the lowest since 2008. Weak wage growth prevented any rate pressure. Notes from the Fed indicate they are watchful of global economic weakness and will likely keep benchmark rates low for longer than was expected. After the market friendly Fed report, rates reached new lows for the year. The latest info from Core Logic

September 2014

Brock Miller – MLO 117177 Senior Mortgage Adviser at Absolute Mortgage in Issaquah, WA has been awarded Mortgage Advisor of the Month for September 2014. This is the first of many monthly awards Absolute Issaquah will be giving out to their Mortgage Advisors (MA’s). We felt it was important to recognize the hard work and diligence of any MA that is striving to be the


Home values are still on the rise! The map above  illustrates housing price gains during the second quarter of 2014. Also see below the map a chart depicting price gains over the last year. What might ongoing appreciation mean for you? More opportunity for owners considering a sale More loans eligible for refinancing Possible savings on mortgage insurance Greater comfort for buyers We hope you


September 2014

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