December 15, 2017

Seattle Real Estate Mortgage Rates Today 5/17/11 + “Tip of the Day”

Seattle Real Estate Mortgage Rates Today 5/17/11 + “Tip of the Day”: Mortgage Rates getting a bump lower today from a recent increase in purchases from banks like JP Morgan who increased it Mortgage Backed Security holdings by 10%. In a slower economic recovery banks have to put their money to work and right now for the long term MBS are just the tool for part of their strategy. This comes with open arms from the mortgage market as this may be just what the real estate market needs in the peak real estate market. When we say peak real estate market we are referring to the timing in which most homes are sold from March to Mid October.
Housing Starts and Permits came in below market expectations but not as a shock due to foreclosures and short sales that still saturate the market in many areas. BUT with that said Real Estate has always been local, locally we are still seeing and hearing from our real estate partners of new construction. Many of which are small builders who are receiving pre-construction offers.

Tip of the Day: In a purchase market your offer on a home has to be strategic. Especially on a home that is priced to sell. In many cases we are hearing from our real estate partners on the Real Estate Reel that the number of days it takes to close can be a deal maker or breaker. Did you know that many of the Large Commercial banks and Credit Unions are UNABLE to meet a 30 day close and IN FACT are taking 60 days or more. 60 days is NOT attractive to a seller who wants to close as quickly as possible. Where the market is TODAY is 30 days or less. This is the time when you need a Mortgage Professional who understands and CAN meet the closing date to ensure your offer is accepted. Our team here at the Mortgage Reel consistently meets our clients contractual closing dates in 30 days or less, stress free, on time, with updates and certainty. How can we assist you today?
Timing is everything just as location of the home is critical. Timing in securing an interest rate, BEST rate, is working with a mortgage professional who has their pulse on the market and when best to advise and educate their clients when timing is right. Along with this key knowledge is to be on top of all of the lending and underwriting changes which seem to almost happen daily. We at the Mortgage Reel are Licensed Washington Loan Originators, serving clients with transparency, knowledge and most importantly keeping your goals in mind. How can we assist you today?

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