September 25, 2017

Team Mortgage Reel Newsletter for June 16, 2014

Our team newsletter for the week of June 16, 2014 is now available on our Google + Business  page. Hire The Right Team. How Can We Assist You?(206) 219-3088

Reduced Government VA Funding Fee Starting October 2011

Veteran Affairs (VA) Home Loans received an improvement for loans closing on October 1, 2011.

Washington State County Loan Limits September 1, 2011

Washinton State County real estate loan limits have been reduced from $567,500 to $506,000 for super conforming / agency jumbo financing. This started on September 1, 2011.

NO CHANGE to INTEREST RATES

Just announced by the Federal Reserve, no change in interest rates. Not much of a surprise. The entrire market is awaiting the Federal Reserve meeting with Ben Bernanke. They are even analyzing how he will look….. It will be an interesting day. Still very little movement in bonds and mortgage rates. Hire The Right Team.Continue Reading…

Seattle Conforming Loan Limits Increased For 2011 (Ends 9/2011)

2009 – 2011 Conforming loan limits increased by American Recovery and Reinvestment Act. This law was signed in February 23, 2009.

Quantitative Easing Explained by xtranormal

xtranormal on YouTube presented this video explaining in their translation “Quantitative Easing”  We apologize for the profanity used in parts of the video.  This is a video comic on a opinion of Quantitative Easing.  The real question is should the Fed and Government step out and let the economy correct itself?  Post any comments below, butContinue Reading…

Fed announcement…….. the verdict is……….

Breaking News….. The Federal Reserve announced the buy back program would be $600 Billion by the end of the second quarter 2011.  Equal to $75 Billion per month, less than the $100 Billion the market was speculating on.  Comments were to keep rates “exceptionally low” how is this translating to home owners?  Between now and JuneContinue Reading…

FHA Mortgage Insurance Premium Changes October 4, 2010

Government FHA changes impacting Seattle real estate buyers and owners. Changes starting 10/4/2010! UFMIP is reduced to 1% but the MIP has been increased to .85% – .95%. This MIP increase will reduce the purchase power for buyers.

A Wave of Consolidation Is Forcing Smaller Banks to Offer Better Terms Than Ever

Seattle Mortgage Reel at Seattle Pacific Mortgage offers extremely competitive rates, service and education for local consumers. View the Mortgage Reel for client testimonials, daily rate updates, and more. Visit the Mortgagereel.com for daily rate comparisons as we do the rate shopping for you!!

Seattle Home Loan Approval or Deal Killer From Fannie Mae

Seattle real estate buyers & owners applying for a new mortgage need to educate themselves on Fannie Mae’s LQI process. As a qualified borrower, the last thing you want is to go to closing and receive a loan denial. During the home loan process, any financials related to credit, must be discussed with your licensed loan originator.