December 15, 2017

Seattle Real Estate Mortgage Rates Today 5/25/11 + “Tip of the Day”

Seattle Real Estate Mortgage Rates Today 5/25/11 + “Tip of the Day”: The 5 Year note auction today received an “A” Rating which helped the mortgage market stabilize from some early market losses. Today rates are flat comparing to yesterday. Tomorrow will bring another round of auctions plus some economic data that may stir up the stock market.

“Tip of the Day” We just finished a lender meeting with a national wholesale lender and YES the lending market seems to be thawing out. WE NOW HAVE 3% down payment loans back in full force. This had disappeared after 2007 until now. ALSO we can now offer JUMBO loan FINANCING with 10% down up to a $625,500 loan amount. This was yet another loan limit frozen since 2007. This very good news to the housing market so that we can get back to more of a NORMAL lending environment.

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?

Join the Conversation on Facebook, just click on the banner on the homepage and it will take you to our Facebook page, “How to Beat the Banks on your Home LoanLike us when you visit and post any comments or suggestions.  We want your feedback.

Hire The Right Team. How Can We Assist You?

(206) 219-3088

Related content:

Leave A Reply With Facebook


Speak Your Mind