The Olympia area for a day

We started at the Nisqually Wildlife Refuge.  It is a stunning natural oasis located in Olympia, Washington. The refuge is named after Billy Frank Jr., a famous Native American activist who dedicated his life to preserving the environment and the rights of his people. This refuge is a testament to his legacy and is one of the most beautiful and ecologically diverse areas in the Pacific Northwest.

 

 

One of the unique features of the Billy Frank Jr. Nisqually National Wildlife Refuge is that it is co-managed by several different entities, including the Nisqually Indian Tribe, the United States Fish and Wildlife Service, and the Washington Department of Fish and Wildlife. This collaboration is significant because it recognizes the important role that the Nisqually Tribe has played in the region for thousands of years.

 

 

Visiting the refuge is a truly awe-inspiring experience. The wetlands and estuaries made me feel so connected to the natural world that the Nisqually people have had for generations. The refuge is home to over 300 species of birds, including bald eagles, herons, and sandpipers, as well as countless other animals such as otters, beavers, and deer.  We saw two eagles, a few turtles, a gorgeous Heron, adorable barn swallows and soooo many Canadian Geese.

 

One of the most popular attractions in the refuge is the Nisqually Estuary Boardwalk Trail, which offers visitors a chance to experience the unique ecosystem of the estuary up close. This trail winds through the tidal marsh and mudflats and provides breathtaking views of Mount Rainier and the surrounding landscape.

 

Parking can be in short supply, so plan accordingly. The visitor’s center has restrooms, a small gift shop, information and an interpretive center. There are also port-a-potties by the lovey old barns.  The boardwalk paths are quite exposed, so dress accordingly for both hot and cold weather.

 

From the Nisqually Wildlife Refuge, we headed into Olympia, to the Farmer’s Market.   Well located, by the port, there is ample parking. For. Smaller market the variety was a pleasant surprise.  While the season is early (or winter is sticking around so long) fresh fruits and veggies were in short supply; apples and luscious greens. But soo many tulips, along with other flora. Yard art, jewelry, soaps, honey, cured meats, fish counter and so on. In addition , there are several permanent food carts. We enjoyed some light fare from the Greek Deli.

 

We ended our day with dinner at Anthony’s Home Front. Every table and booth had a nice view of the waterfront. As it is “prom season” we enjoyed watching all the prom photo shoots. Tempura Prawns were yummy. Rhubarb must be in season as there were an assortment of rhubarb cocktails and desserts.

Olympia has a lot of beautiful waterfront property, with lovely views. Our company has recently expanded into the Olympia area.  While I'm not licensed to practice real estate in Washington, I can absolutely connect you with an agent in Olympia. 

Perspective on the recent inflation data from our in-house lender

Hello All,

 

Wanted to give a quick update on how the inflation data (CPI) is impacting market this morning.  CPI data came in lower than forecasted and the market has taken that to signal that inflation may be moving in the right direction which is good thing for rates.  If you’re interested in some further light reading on the subject:

 

https://www.reuters.com/markets/us/view-us-march-cpi-comes-cool-side-2023-04-12/

 

The net result to rates so far this morning has not resulted in much change, but it is quite significant in the sense that we clear a hurdle that “might” have significantly raised rates.  Rates are currently at:

 

Program	Rates
	0 points	1 point
30 yr	5.99	5.75
15 yr	5.99	5.5
Jumbo 30	6.25	6
VA	5.75	5.5
FHA	5.75	5.5
10/6 Arm	6.25	5.25

 

Note: these rates are for informational purposes only, Rates will vary with specific financial information of both borrower and property.

I do also want to highlight the 1 point buydown option on the 10/6 ARM.  This would be a niche offering but is 10 yrs fixed rate at 5.25% so might be something of high appeal to the right customer.  Moreover, buydowns right now have been yielding some very appealing options (breakeven in very low number of months…meaning the monthly savings divided by the cost of the buydown pays off quickly…I have seen several instances in the 2 month area in the last few weeks).  I mention this because when buydowns breakeven are this low it rarely makes sense to not take advantage of.  Of course I’ll be happy to have these conversations with your clients but wanted to put on your radar also.

 

Hope everyone is enjoying there day.  Anything I can do to assist let me know.

 

Sincerely,

 

Johan Nielsen Loan Officer johan.n@cmghomeloans.com (971) 710-3553 APPLY NOW | MYSITE | DOC UPLOAD NMLS# 21531 | BRANCH NMLS# 2006997 | CORPORATE NMLS# 1820   HOME LOANS SIMPLIFIED

Errant smoke alarms

We were awakened this morning at 6:30 by our smoke and CO detectors going off...for no apparent reason. Yes, we leapt out of bed and raced around no ascertain nothing was actually wrongs and to silence the darn things. Smoke alarms may go off for no reason due to a number of possible reasons, including:

1. Low batteries: Smoke alarms are designed to emit a high-pitched sound when their batteries are running low, indicating that the batteries need to be replaced.

2. Dust and debris: Smoke alarms can also be triggered by dust and debris that accumulate on their sensors over time. It is important to regularly clean your smoke alarm to prevent this from happening.

3. Cooking smoke: Smoke alarms can be sensitive to cooking smoke and can be triggered if you burn your food or if you cook with a lot of smoke-producing oils or fats.

4. Steam: Smoke alarms can also be triggered by steam, especially if the steam is in close proximity to the smoke alarm.

5. Faulty smoke alarm: In rare cases, smoke alarms can malfunction and go off for no apparent reason. If this happens, you may need to replace the smoke alarm.

   
   

   
   
   

   
   

   
   

   Smoke alarms can also react to power bumps and surges, even those we don't fully notice. It is important to ensure that your smoke alarm is installed properly and tested regularly to minimize false alarms. If your smoke alarm continues to go off for no reason, it is recommended to consult a professional to identify and address the issue.

   
   

   Most think their smoke and CO detectors are up to date and in compliance with local guidelines. In my experience, most are not. 😬 Here is a link to the State of Oregon . The City of Portland has more stringent guidelines. Smoke detectors really do save lives, so please update them as needed.

Downsizing to a condominium?

Downsizing from a large house to a condominium can be a daunting decision, but it can also be a liberating one. Many people decide to downsize for a variety of reasons, such as financial freedom, reduced maintenance, and a desire for a more manageable living space. While the transition may require some adjustments, it can ultimately lead to a more fulfilling and stress-free lifestyle.

One of the main benefits of downsizing to a condominium is the financial freedom it can provide. Large homes often come with significant upkeep costs, such as landscaping, repairs, and utilities. Moving to a condominium can significantly reduce these costs, freeing up funds for other pursuits such as travel, hobbies, or retirement.

Another advantage of living in a condominium is the reduced maintenance requirements. As opposed to a large house, where there may be many rooms and outdoor spaces to maintain, a condominium often requires less upkeep. This can be especially beneficial for those who want to spend their time pursuing other activities or enjoying their retirement.

Living in a condominium can also provide a sense of community and security. Many condominiums offer amenities such as gyms, pools, and community spaces, which can help residents to meet their neighbors and form friendships. Additionally, many condominiums have security features such as gated entrances or 24-hour security, which can provide residents with peace of mind.

Buying a condominium is also buying into the financial entity that is the home owners’ association. A fully funded and well run homeowners’ association is important. Just as buyers have a home inspection, it is highly suggested that condominium buyers have an evaluation done of the health of the HOA.  There are a few companies that perform this evaluation. They look at the financial reserves, reserve study (projection of what work/maintenance will need to be done and when) and other HOA information. 

Of course, downsizing from a large house to a condominium also requires some adjustments. Storage space may be limited, and some amenities such as a yard or garage may no longer be available. However, with some careful planning and organization, it is possible to make the most of a smaller living space.  In Portland, the Community Warehouse will pickup large household items.  The Re-BuildingCenter will take construction materials, household fixtures and some appliances. 

Overall, downsizing from a large house to a condominium can be a positive and fulfilling experience. It can provide financial freedom, reduced maintenance requirements, and a sense of community and security. While the transition may require some adjustments, the benefits of downsizing can make it a worthwhile decision.