Home Buyers

Don't make the mistake of using APR alone to compare mortgage offers. Learn why it's important to understand the difference between APR and interest rate.'

First-time home buyers in Washington tend to have a lot of questions about down payment requirements for a mortgage loan. One of the most common questions is, what types of funds can I use toward my down payment? In this article, we will talk about some of the acceptable sources for down payment funds, when using a mortgage loan in Washington State.'

Real estate markets across the state of Washington have reversed course over the past few months. From Seattle to Spokane, local housing markets have cooled considerably in 2024. It's almost like we've gone from a seller's to a buyer's market in no time at all. Now, as we approach the end of the year, many home buyers in Washington are looking ahead to 2023. And a lot of them are probably wondering the same thing: Will 2023 be a good time to buy a house in Washington? '

In a previous blog post, we explained the concept of real estate contingencies and how they apply to home buyers in Washington State. Today, we will zero in on the home appraisal contingency in particular. You'll learn what it is, how it works, and when it makes sense to include one within your purchase offer.'

A 30-year fixed mortgage can offer lower monthly payments and long-term rate stability, but the trade-off is usually more total interest over time. This guide explains why many Washington borrowers choose it and how to decide if it fits your goals.'

Mortgage rates nationwide remain relatively high compared to where they were a few years earlier. As of October 1, 2026, Freddie Mac's Primary Mortgage Market Survey showed the average rate for a 30-year fixed-rate mortgage at 7.28%. Some Seattle-area buyers may compare ARM and fixed-rate mortgage options.'