Home Buyers Education on two frequently asked questions when purchasing real estate in Seattle, Bellevue and greater King County. These questions have been unclear until you enter into the buying process. Who pays for the real estate agents commission? When is the home inspection paid for? Is it part of my closing costs? Find out the answers to these questions by viewing TheMortgageReel education video blog. Please provide feed back or ask questions.
Seattle Mortgage Rates Today, November 28, 2008
On November 25, 2008 Hank Paulson announced treasuries would reinvest in the mortgage back securities. As a home owner or buyer that lowered mortgage rates from about 6% to 5.25% on a 30 year fixed.
Not depression, but “DEFLATION” has recently been announced.” Deflation is not favorable for the current economy but as a home owner the last time we were in a deflation period (2003) we saw mortgage interest rates drop to roughly 4.625% on a 30 year fixed.
It is never to early to plan and structure your financing to be prepared to refinance when the time comes.