The Seattle Mortgage Reel recaps on the Federal Reserves initiative to heavily invest and purchase mortgage back securities, this translated to $4 billion being purchased daily on the open market which will continue into June of 2009. Home loan interest rate remain volatile.
No Down Payment Options May Be Available For Your Next Home Purchase
USDA home loans are 100% financed back by the Government. Under the terms, the borrower may borrow up to 100% of the appraised value of the home, which can possibly eliminate the need for a down payment.
Seattle Mortgage Rates Today, Happy New Year! January 2, 2009
Seattle Mortgage interest rates set to see historical lows in early 2009 due to the Federal Reserve initiative to invest $500 Billion in mortgage back securities to stimulate the real estate market and free up lenders balance sheets so they will begin to extend more lending to consumers.