Tricia Reece

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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

10/14/2026

Closing costs might be about to get cheaper and this is worth paying attention to.

FHFA Director Bill Pulte is expected to announce as soon as today that Fannie Mae and Freddie Mac will only require credit reports from two bureaus instead of three. Fewer reports means lower costs for buyers and it could take effect within one to three months. This is especially good news for first-time buyers and anyone with thin credit who has been sitting on the sidelines.

Now pair that with what else is happening in the market.

Rents just posted their biggest annual jump since April 2025, up 2.7 percent to $1,932 a month, while home values barely moved. That gap is widening in favor of buying.

Yes rates jumped this week. But that is making sellers more flexible on credits, buydowns, and pricing. Buyers are adapting too with adjustable-rate mortgages climbing to 8.1 percent of applications.

The market is shifting and prepared buyers are the ones winning right now.

Send your buyers my way early and I will run the payment scenarios that keep your deals alive.

Tricia Reece, Mortgage Broker. Bryte Home Loans powered by Canopy Mortgage. 360-509-1044

10/06/2026

Twenty percent of listings just cut their price. That is the highest we have seen in years and it changes everything for your buyers this fall.

Rates are back above 7 percent which scared off the casual shoppers and left your serious buyers with real negotiating power. Inventory is nearly back to pre-pandemic levels so buyers actually have choices again. Sellers are saying yes to concessions, buydowns, and closing cost help. And with contract cancellations at their highest since 2022 prepared backup buyers are winning homes right now.

Here is how your buyers win in this market.

A smart buydown strategy can turn today's payment into tomorrow's refinance win. Reframe the conversation around payment instead of rate. Reframe it around opportunity instead of fear.

The agents who win this season are the ones having that conversation right now while everyone else waits for perfect conditions that are not coming.

If you have buyers sitting on the sidelines send them my way. I will run the numbers that get them off the fence.

10/05/2026

Stop scrolling for just a second. You might have money out there that you do not even know about.

A friend recently told me about a website where you can literally type in your name and see if you have unclaimed money sitting somewhere. So of course he typed in my name first and guess what? I had money.

Then I started checking my family and found $500 for my father-in-law and $35 for my dad. I was like okay this is actually really cool.

Here is how it happens. Sometimes a company, bank, insurance provider, utility, or other business owes you money but cannot find you. Maybe you moved, changed your name, forgot about an old account, or never cashed a check. Eventually that money gets turned over to the state as unclaimed property but it is still your money.

If you are in Washington go to ucp.dor.wa.gov and search your name. It is completely free to search and free to claim.

If you have lived in other states check MissingMoney.com for a national search.

It takes a couple of minutes. Go check your name and then check your family.

And if you find something I want to hear about it.

Tricia Reece, your local mortgage professional. Making mortgages fun not complicated.

10/01/2026

Most homeowners think having massive equity in their property means their money is working hard. But in reality that equity might just be sitting there fast asleep.

Here is the truth. Home equity does not earn a rate of return on its own. A property with $500,000 in equity appreciates at the exact same dollar rate as the identical home next door with only $50,000 in equity. The equity amount does not change how the asset performs.

So if you want to build lasting wealth it is not about letting equity sit idle. It comes from understanding how to strategically position your financing, eliminating unnecessary borrowing costs, and putting that dormant value to work for you.

If you want to turn your static equity into long-term financial independence you need a plan, not just a property.

Send me a message to see what your home equity could actually be doing for you.

Tricia Reece, your mortgage loan officer for life. Bryte Home Loan Team.

09/30/2026

Quick mortgage market update from Tricia Reece.

Last week was a rough one for the bond market and that put upward pressure on mortgage rates. This week is starting off with even more volatility driven largely by renewed tensions in the Middle East and rising oil prices.

One thing worth watching closely is bond market volatility. Think of it as a measure of how unsettled the market is. When volatility picks up mortgage pricing gets less predictable. And we are definitely seeing that right now.

We are also starting to see some of that pressure show up in the housing market. Pending home sales are running below last year, inventory is gradually increasing, and more sellers are making price adjustments. That tells us buyers are feeling the impact of today's borrowing costs.

The big things to watch this week are inflation and jobs data with important reports coming out Wednesday and Friday. Those numbers could create meaningful movement in mortgage pricing.

But if you have been thinking about buying, selling, or just wondering what the mortgage market means for your specific situation do not let the headlines make the decision for you. Every situation is different.

Tricia Reece, your mortgage professional for life.

09/29/2026

Some buyers may suddenly have more purchasing power in 2026 without changing their income at all.

The reason is that conventional loan limits are increasing. The ceiling for conventional financing is moving higher which means buyers may now be able to purchase a higher priced home while staying within conventional loan guidelines instead of moving into jumbo financing which typically comes with a higher rate.

This is especially important for move-up buyers, buyers in higher-cost areas, and anyone who has felt stuck between two price points.

And for Realtors the biggest takeaway is this: when financing options expand like this it creates real opportunities to reconnect with buyers. Think about past clients who were stuck between conventional and jumbo. Who did not want the higher jumbo rate but were not sure conventional would work for them. That conversation just changed.

This is a great reason to reach out, restart those conversations, and grow your business.

Follow Tricia Reece for more tips like this.

Tricia Reece, Bryte Home Loan Team.

09/28/2026

Weekly mortgage update from Tricia Reece with the Bryte Home Loan Team.

Here is what happened in the market this week and what it means if you have been thinking about buying, selling, or refinancing.

Stocks moved slightly lower while mortgage bonds held relatively steady. The 10-year Treasury stayed below the important 5 percent level and oil backed off a bit. Both of those things are helpful for the bond market and ultimately for mortgage rates.

But here is the most interesting thing worth watching this week that almost nobody is talking about: the US-Japan carry trade.

This sounds like it has nothing to do with your mortgage rate. But it actually can. Here is the simple version. Investors can borrow money in Japan at a lower interest rate and invest it in things like US treasuries at a higher rate, pocketing the difference. When that trade works it creates demand for US treasuries which helps keep bond yields and mortgage rates lower.

But if Japan raises its rates or the value of the yen shifts significantly that trade can start to unwind. When investors pull out of US treasuries demand drops, bond yields rise, and mortgage rates feel the pressure.

It is one of several moving parts worth watching right now as we track where rates are heading.

Follow Tricia Reece for weekly mortgage market updates.

Tricia Reece, Bryte Home Loan Team.

09/25/2026

Where are my buyers at? Because this is a genuinely interesting time to be shopping for a home in Washington.

Yes I know what you are thinking. Have you seen the mortgage rates? And yes rates are higher than most buyers would like. But here is what I want you to consider: the housing market itself.

Here in Washington we are seeing a pretty significant shift. According to the latest Northwest MLS numbers inventory is up 22 percent from this time last year. That is over 4,400 more homes available. At the same time pending sales are down and homes are taking longer to move in many areas. Even in Kitsap County where the market is typically tighter we are seeing more choices for buyers.

And nationally something else is happening that I think is really important. Seller concessions.

In August 45 percent of all sales included some type of seller concession. That is the highest August level we have seen in over six years.

So yes rates matter. But 45 percent of buyers are getting seller help right now. Let's look at the entire deal. You might negotiate on the price. You might get the seller to cover part of your closing costs. Or better yet get them to do an interest rate buydown that lowers your payment in the first years of the loan. And if rates come down later and it makes financial sense you can refinance.

Take advantage of days on market. Take advantage of the inventory. Take advantage of the fact that you are most likely going to get a seller concession right now.

If you have been sitting on the sideline I think now is the time to strike.

Tricia Reece, Bryte Home Loan Team. Your mortgage loan officer for life.

09/23/2026

Should you buy a home now or wait for rates to drop? It is probably the most common question I get and here is what most people miss.

Waiting for lower rates does not always make buying easier. When rates improve more buyers jump back into the market at the same time. Competition increases. Prices tend to climb. The negotiating leverage that exists right now disappears.

And right now buyers have something they have not had in years: real negotiating power.

In many markets homes are sitting a little longer. Sellers are adjusting prices. And buyers are winning credits not just for closing costs and repairs but for interest rate buydowns that lower the monthly payment immediately.

So instead of trying to time the market connect with a great loan officer who can show you exactly what a seller credit or a rate buydown could do for your payment today. You still have the option to refinance if rates come down later. But you are buying in an environment where sellers are working with you rather than against you.

The best time to buy is not when rates are the lowest. It is when the numbers and your goals align and make the most sense for your life.

Follow along for more strategies that put you in control.

Tricia Reece, The Bryte Home Loan Team.

09/21/2026

The Fed made a move this week and I know buyers and Realtors are asking the same question: what does this mean for mortgage rates?

Here is the biggest misconception worth clearing up. When the Fed changes rates mortgage rates do not automatically move by the same amount. Conventional mortgage rates are influenced more by long-term market factors including inflation expectations and the bond market. They are related but they are not the same thing.

The positive takeaway is that the Fed's actions are designed to create more economic stability and help bring inflation under control. If investors gain more confidence that inflation is improving that creates a healthier environment for mortgage rates to improve over time.

For buyers this is a good reminder that the goal is not to wait for the perfect market moment. The right strategy is understanding your options, negotiating wisely, and making a decision based on your personal goals.

For Realtors this is a great opportunity to educate your clients, cut through the noise, and be the trusted advisor they need when headlines create uncertainty. The agents who bring clarity and confidence right now are the ones building stronger relationships and growing their business long term.

Reach out anytime if you have questions about what this means for your specific situation.

Address

9226 Bay Shore Drive NW, Suite 150
Silverdale, WA
98383

Telephone

+13605091044

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