Seattle Real Estate owners who are underwater now have an opportunity to refinance with FHA’s short refinance program. The downfall of the program is that it’s voluntary and requires the consent of all lien holders. One requirement is that the first lien holder must agree to write off at least 10% of the unpaid principle balance.
Seattle and Bellevue Real Estate Mortgage Rate Watch 9/8/10
Seattle and Bellevue Home Mortgage Rates remain at low levels with the gains from the previous day. Bond auctions take place 10am PST, which can directly impact the market. Depending on how the open market reacts to the auction, this will shift mortgage rates today. Pay close attention if you are planning to secure your mortgage rate.