Born and raised in the Spokane area. Entered the real estate industry in 1977 with the last 12 years in the mortgage profession. I strive to personally and professionally produce success for everyone of my clients by aiding and assisting in building dreams and visions for those around me. I love people and have greatly enjoyed my mortgage career!
Thank you for visiting our website. We look forward to putting our mortgage service to work for you!
THE REAL ESTATE MARKET is in the media like never before these days. While it makes for big news, sellers & buyers should focus on local trends, not national markets. Simply put, there is no nationwide real estate market. It is a discussion based on averages, but the communities making up those averages are entirely different and come with unique circumstances. What matters is what is happening in Spokane. Just ask a real estate professional!
PRIME RATE vs MORTGAGE RATE: The prime interest rate gets a lot of news coverage because these are the rates that affect credit card debt and home equity balances. However, the long-term debt such as 30 year home loans are linked to the 10-year treasury bond to help forecast home loan rates. Therefore, mortgage rates historically rise when prime is dropped.
Penny Silver is Licensed in Washington 510-LO-32481 & Idaho MLO-4378