Tricia Reece

Tricia Reece Tricia Reece NMLS 1958465
Licensed in Washington, Arizona and Tennessee. My team and I are here to serve you!

Equal Housing Lender
https://canopymortgage.com/terms-of-use/ Canopy Mortgage LLC
NMLS #1359687 www.nmlsconsumeraccess.org
Corporate (801) 426-5600

08/19/2026

This is one of the most exciting changes happening in mortgage lending right now and I want to make sure you know about it because it could genuinely change what is possible for you.

More lenders are starting to consider alternative credit information when evaluating mortgage applications. That includes things like your rent payment history and other recurring bills that you have been paying consistently over time.

Here is why that matters. Traditional credit scoring models only capture certain types of financial behavior. If you have been responsible with your money but you have not built a long traditional credit history through credit cards, auto loans, and other conventional credit products you may have been unfairly penalized under the old model. You could be someone who has paid rent on time for five or ten years, never missed a utility payment, and managed your finances responsibly without ever getting credit for any of it.

That is what is changing. Alternative credit data allows lenders to see a more complete picture of how you actually handle your financial obligations. It does not automatically guarantee approval. Every situation is still evaluated individually and there are still qualification standards to meet. But it could absolutely open doors that were not available to you before.

If you have been renting for years and always pay on time. If you have intentionally avoided credit cards and traditional debt. If you have been told in the past that you do not have enough credit history to qualify. Now is a great time to find out where you actually stand because the rules are evolving and the answer may be different today than it was last time you checked.

Reach out and let's take a look at your situation together.

08/18/2026

Some encouraging economic news came out this week and it is worth understanding what it means for real estate right now.

Both consumer and wholesale inflation showed signs of cooling this week. Here is why that matters. Lower inflation can reduce pressure on the bond market and help create a more favorable environment for mortgage rates over time. Rates are also influenced by employment data, Federal Reserve expectations, and other economic developments so no single data point tells the whole story. But cooling inflation is a constructive signal worth paying attention to.

At the same time buyers in many markets have more negotiating power than they realize right now.

More homes are available than we have seen in years. Some sellers are actively reducing their prices. And buyers may be able to negotiate closing cost assistance or a temporary rate buydown that meaningfully changes the payment picture without waiting for rates to move on their own.

The takeaway is not to wait for the perfect rate or try to time the market. It is to understand the real opportunities that exist right now and position yourself to take advantage of them.

If you stepped away from the market at some point this year this may be a good time to reconnect, update your numbers, and see what may actually be possible for you today.

Reach out and let's take a fresh look at where things stand.

08/12/2026

I get this question all the time. Should I just wait for the housing market to crash?

It is a completely understandable question. Everyone remembers 2008 and nobody wants to buy at the top of a market right before it falls apart. But here is what the data actually says about where we are today.

Most economists are not expecting a repeat of 2008. And the reason is that today's market looks fundamentally different from the conditions that caused that collapse.

Homeowners right now have strong equity positions. They are not underwater on their mortgages the way millions of people were before the last crash. Foreclosure rates are low. Lending standards are significantly tighter than they were in the mid-2000s. And there is still a genuine shortage of homes in many parts of the country which means the supply-demand dynamic continues to support values even as the market has cooled from its peak.

Could prices level off in some markets? Absolutely. That is already happening in certain areas and it is a normal and healthy part of any real estate cycle.

But here is the risk of the wait-for-the-crash strategy that most people do not think through carefully. If the crash you are waiting for never comes at the scale you are expecting you could end up paying higher prices later while having missed months or years of equity building in the meantime. Waiting has a cost. It is just less visible than the cost of buying at the wrong price.

The smartest move is not trying to perfectly time the market. It is buying when you are financially ready and finding the right strategy for your specific situation.

Reach out if you want to talk through what that looks like for you.

08/11/2026

Thinking about making a move but feeling unsure about the headlines? Here is the good news you actually need to hear about today's housing market.

First, if you already own a home your equity is stronger than ever. Home values have recently risen in 80 percent of US markets. Your investment is safe and it is growing. The wealth you have been building through homeownership is real and it is at or near record levels for most homeowners.

Second, if you are looking to buy the news is genuinely encouraging. Inventory is finally expanding. More homes on the market means more choices for you, fewer bidding wars, and a real opportunity to negotiate better terms than buyers have had in years. The frenzy of the past few years has calmed down and the market has become one that rewards prepared buyers rather than just the fastest ones.

And finally the market is predictable again. Experts broadly agree that a crash is not on the horizon. The structural conditions that support home values, strong equity positions, low foreclosure rates, and persistent housing demand, remain intact.

Whether you want to cash in on your record-high equity or find your dream home with less competition than you have seen in years, I can help you navigate it.

Send me a message today and let's talk about your goals.

07/06/2026

There are some big national housing headlines worth paying attention to right now and I want to break them down clearly so you know what they actually mean for buyers and sellers in today's market.

Mortgage rates are still being impacted by inflation concerns and global events, especially with ongoing conflict overseas creating uncertainty. But the good news is that rates have been more stable recently and that stability gives buyers a significantly better chance to plan, budget, and move forward with confidence.

We are also seeing positive housing policy updates including FHA changes designed to reduce costs and make financing more efficient for buyers who use government-backed loan programs. That is a real and tangible improvement in the affordability picture for a meaningful segment of buyers.

And on the seller side something important is shifting. Sellers are starting to become more realistic about pricing, which could create genuine opportunities for buyers who paused earlier this year and have been waiting for conditions to improve.

So if you have clients sitting on the sidelines right now this may be exactly the right time to reconnect, revisit their numbers, and see what options are available to them in today's environment.

Reach out and let's talk through what this means for your specific situation.

07/04/2026

Hey there, Tricia Reece with the Bryte Home Loan Team, and I just wanted to wish you a very happy Fourth of July!

I was thinking back on some of my favorite Fourth of July memories and I have to say my dad was always a bit of a pyromaniac so this was absolutely his holiday. When we were kids he would spend serious money on fireworks and we would have these big block parties with all the neighbors. Everyone would bring out their favorite foods, the street would come alive, and it was just genuinely festive and so much fun. Those are some of my best childhood memories.

Now I have the privilege of living on a lake and my husband and I love to take our boat out into the middle of the water and watch the fireworks from every direction. The only challenge is it can get a little overwhelming trying to figure out which way to look because there are so many different shows happening all at once all around us. A good problem to have honestly.

This is a big one this year. America turns 250 years old and that is worth celebrating with everything we have got. Wishing you and your family a very safe and happy Fourth of July. Take care and enjoy every moment of it.

Tricia Reece, Bryte Home Loan Team.

07/03/2026

Right now homeowners across the country are sitting on more wealth than they realize. And the smart ones are putting it to work.

Your home equity has likely grown into a powerful resource over the past several years and people are using it in some really exciting and strategic ways right now.

Some are finally tackling the renovations they have been dreaming about for years. Kitchen updates, bathroom remodels, additions, outdoor spaces. Projects that improve the way they live every day and that add real value to the property at the same time.

Others are consolidating higher interest debt into one simple payment and freeing up real monthly cash flow. Credit card balances, personal loans, and other high-rate obligations converted into a single lower-cost payment can make a significant difference in what a household keeps every month.

And some homeowners are using their equity to help their kids or grandkids step into homes of their own. Contributing to a down payment, creating a head start that the next generation might not have been able to achieve on their own for years. That is a legacy that lasts.

Home equity has become one of the biggest conversations in mortgage lending today and for good reason. It opens doors that a lot of homeowners assume are closed to them. Options they did not know they had sitting right there in the value of their home.

If you own your home it is worth taking a fresh look at what your equity can actually do for you right now. You may have more options than you realize.

Follow me for more ways to make your home work harder for you.

07/01/2026

Something big just happened in Washington and as your loan officer I want to be the one to break it down for you before the headlines confuse the picture.

Congress just passed the 21st Century ROAD to Housing Act with strong bipartisan support. This is the most significant housing legislation in nearly two decades and it matters directly to buyers, sellers, and homeowners throughout the country.

Here is what it means in plain terms. The legislation encourages more homes to get built which addresses the inventory shortage that has been one of the most persistent challenges in the housing market for years. It opens up more mortgage options for everyday buyers expanding access to financing beyond what currently exists. And it helps level the playing field so regular families get a fairer shot against large institutional investors who have been competing for the same properties.

The bill is at the President's desk now so the full timeline and implementation details are still unfolding. I am tracking every development closely and will keep you updated as this becomes clearer.

Here is what I want you to know right now. The smartest move you can make in a moment like this is having a loan officer who turns major headlines into a real and personalized plan for your specific situation. Generic information is everywhere. A strategy built around your goals, your timeline, and your financial picture is what actually makes a difference.

That is exactly what I am here for. Reach out and let's talk through what this legislation means for you specifically.

06/30/2026

Have you heard about the latest trend that is opening doors for so many buyers right now? It is one of the most creative and practical solutions I have seen in the current market and it is gaining real momentum.

More and more first-time home buyers are teaming up with family members to purchase a home together. And honestly it is a brilliant move for this market. With starter homes in such high demand buyers are getting creative and combining their strengths in ways that are making homeownership possible much sooner than they thought.

Some buyers are purchasing alongside their parents or even grandparents, blending income and savings to qualify for a home that genuinely works for everyone in the family. Others are co-borrowing with siblings or close family members, splitting the down payment and sharing monthly costs to make the numbers work in a way that neither party could manage alone.

The results are significant. More buying power. A faster path to ownership. And a home that can grow with the entire family over time. Multi-generational living is making a real comeback and when you look at the financial logic behind it it is easy to understand why. It is helping people step into homes way before they thought they could ever do it on their own.

If you have been thinking about buying but feel like going it alone is just out of reach right now there are strategies available that you may not have considered. Give us a call and let's see what we can put together.

Tricia Reece with the Bryte Home Loan Team.

06/22/2026

Three big stories collided this week and together they point to real opportunity ahead for buyers who are paying attention.

First, a new peace framework reopened the Strait of Hormuz and oil prices fell more than 5 percent in response. That matters more than most people realize for the mortgage market because energy has been the primary driver of the inflation that has been keeping rates elevated. Headline inflation just came in at 4.2 percent with energy alone up over 23 percent year over year. That one category has been doing the heavy lifting on the scary headline number.

Here is the genuinely good news buried underneath that headline. Strip energy out and core inflation rose just 0.2 percent for the month. This has been an energy story, not a runaway structural inflation story. Those are two very different situations with very different implications for where rates go from here.

The Fed held rates steady this week which was widely expected. But with energy prices now easing meaningfully, there is real room for the inflationary pressure that has been keeping mortgage rates elevated to start coming off. That is a meaningful shift in the forward-looking picture.

The buyers who win in this environment are the ones who focus on what they can actually control: their local inventory, the quality of their offer, and their timing relative to their personal life and financial situation. National headlines set the mood. Your zip code sets the deal.

Follow me for more on what the big picture means for your specific market.

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Silverdale, WA
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