The HVCC overall looks to extend the pain on the local economy. The appraisal fees may increase, quality of appraisals will decline, and turn times to complete a refinance or purchase will increase dramatically.
Energy-efficient home upgrades save money at tax time
Congress tripled the tax credit for energy-efficiency home improvements when it passed the latest stimulus plan. The tax credit now covers up to 30 percent of the cost of products installed this year and next.
New appraisal rules may hurt homebuyers
New rules aimed at improving the home-appraisal process have many in the industry concerned that they will make it more difficult and costly for people to get mortgages and refinance.
Seattle Mortgage Rates Today , April 24, 2009
Economic recovery? Watch the unemployment numbers. Interest rates are still flat, there hasn’t been to much volatility. First time home buyers are making offers, $300,000 are moving, the housing industry is turning to a seller’s market.
Seattle Mortgage Rates Today April 17, 2009
The Federal Reserve continues to buy mortgage bonds at higher yields to maintain current mortgage rates. Unless we see the Feds purchase bonds at lower yields, do not expect interest rates to go drop. Have you checked to see if you qualify for the Home Affordable Refinance program?
Seattle Mortgage Rates Today April 10, 2009
Interest rates improve as the week ended. No huge economic news was released this week. The home affordable refinance program started but be patient, as not all lenders have released there guidelines.
Seattle Mortgage Rates Today, April 3, 2009
Mark to Market Accounting Modification sends positive signals to the market! The road to recovery begins? The recession is over? But what about unemployment?