Author Archives: Victoria Kellogg

Pacific Financial Mortgage

Are You Considering a Second Home or High Balance Mortgage??

First, let me start with an important announcement…for all newly originated second home and high balance mortgages the fees are going up substantially for all loans locked in after February 9th. So, if this might be you and you’re thinking of purchasing this year, please reach out to me right away so we can save

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Pacific Financial Mortgage

Rates March Higher but Not as Bad as It Could Be…

Fortunately, we did not see bond markets react too drastically over last week’s inflation report revealing prices at the consumer level have increased 7 percent, outpacing wage increases. You’d have to go back 30-40 years to see inflation at these levels! And, we’re expecting it to continue at least for the next couple of months

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Pacific Financial Mortgage

Considering a Second Home? Important Update!

Thanks to a tight labor market and rising inflation rates, mortgage rates moved higher last week amidst market volatility. According to the latest survey put out by Freddie Mac, average mortgage rates trended up to levels not seen since May 2020. We have yet to see any effect on demand for homes given the growth

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Pacific Financial Mortgage

Looks to Be a Happy New Year for Housing!

Hope you’ve enjoyed your holiday season and now we’ve turned the page to a new year. Unbelievable, right!? Mortgage rates moved sideways for much of the end of 2021 but since the beginning of this year on Monday, they’ve moved higher due in large part to economic data showing an economy becoming stronger and consumer

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Pacific Financial Mortgage

Fed Meeting This Week Could be Huge!

Last week mortgage rates remained in a narrow range, furthering their steady trend. Even to start off this week rates are in a holding pattern. However, that could all change tomorrow as the latest Fed Meeting adjourns. We are expecting to see greater volatility in the face of the Fed’s announcement coming Wednesday afternoon.  There

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Pacific Financial Mortgage

Loan Limits Have Gone UP for 2022…What This Means for YOU

Okay, friend, lots to cover in this short update. First, mortgage rates have continued to remain pretty stable, despite lots of turmoil and uncertainty in markets due to the stinker Jobs Report on Friday – more on that in a bit – and the uncertainty around the latest virus variant.  And…in big, exciting news for YOU…Loan

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Pacific Financial Mortgage

Lower Rates + Important Jobs Report this week…

I hope you had a wonderful Thanksgiving holiday surrounded by those you love! Of course, now we’re back at it and there’s lots happening in markets this week. We got an early pre-Thanksgiving Day look at the trend in interest rates, thanks to Freddie Mac’s weekly survey. Rates have remained rather steady in recent weeks,

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Pacific Financial Mortgage

In Housing It’s the Best of Times and the Worst of Times…

First, I want to let you know how thankful we at Pacific Financial are for you and grateful to be part of your life. Please know that we are here to serve you on your journey through home financing, however we can. I hope you have a wonderful Thanksgiving surrounded by those you love most.

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Pacific Financial Mortgage

Markets Can No Longer Ignore This…

News of rising inflation pounded markets that had previously been shrugging it off month after month thinking it was “transitory” as the Fed called it. Well, last week’s reports on consumer prices showed them rising an unexpected 6.2 percent year-over-year, a level that traders could no longer ignore. Since then, rates have risen in response as bond investors watched

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