Mortgage Blog

Home Loan Rates modestly worse, Portland home prices entering “Goldilocks” range

A recent survey by the national maritime association revealed that 3.14% of sailors are pi-rates.  Why do I share this important statistic with you? Just because yesterday was national Just Because Day.    Mortgage Rates Although mortgage note rates are unchanged from last week the accompanying closing costs are modestly worse. US 10-year Treasury As […]

How long does a pre-approval last for?

  Video Transcript: Hey guys, Evan Swanson here, Swanson Home Loans, a division of Cherry Creek Mortgage. I’m trying to pack it all into a day, so I’m on my commute home recording the weekly video. This week I wanted to answer the question that we get a lot, which is how long is a […]

Conforming loans vs. Jumbo loans

Transcript: In this post and video, I will summarize the differences between a conforming loan and a jumbo loan. Loan Amount The first difference is the loan amount, which is ultimately what defines a conforming loan versus a jumbo mortgage.  For 2018, here in Portland, Oregon, the threshold that determines a conforming loan and a […]

UPDATE: Eliminating mortgage insurance from a conventional loan

Video Transcript:  Hey, I’m Evan Swanson of Swanson Home Loans, a division of Cherry Creek Mortgage Co. Inc. In today’s video, I’m going to talk to you about getting mortgage insurance eliminated from a conventional mortgage. Back in February, I recorded a VIDEO which talks about the details of the Homeowner’s Protection Act, which is […]

Mortgage rates steady despite strong economic growth

Need another reminder to be on the lookout for wire scams?  Check out THIS ARTICLE which describes how an Oregon couple nearly lost $379,000.  Want a free, easy, and significant way to help prevent this activity?  Set up two factor authentication! (see HERE) Mortgage Rates Steady On Friday the Commerce Department reported the US economy […]