Rates open worse today upon news coming from the Jobless Claims report being a tad bit better than expected. Nothing shocking but the stock market is welcoming the news with open arms which is putting pressure on mortgage to move higher. Attention is now turning to China, which is the largest buyer of our national […]
Seattle Real Estate Housing Inventory
Seattle Real Estate is one of the few metropolitan cities that have seen a decrease in the number of homes listed for sale. A percentage of these homes sold with today’s historically low mortgage rates and some homeowners have taken homes off the market.
Seattle & Bellevue Real Estate Mortgage Rate Watch for 9/15/10
Two KEY Points today; there is speculation that the Federal Reserve may release another $1 Trillion plan in their November meeting this year. This could be used for bonds and also for the future release in 2011 of Fannie Mae and Freddie Mac being returned to the Private sector. This news coming from speculations released […]
Seattle and Bellevue Real Estate Mortgage Rate Watch 9/14/10
Seattle and Bellevue Real Estate Mortgage Rates held their positive gains from yesterday. We remain in a neutral position for locking your interest rate. If you are in a short term position, you may want to consider securing the current rate, as it is the best in the past 10 days.
Seattle & Bellevue Real Estate Mortgage Rate Watch 9/13/10
Seattle & Bellevue Real Estate Mortgage Rates rebound from sharp losses Thursday and Friday last week. China reports that manufacturing was up in August leading to hope that the Double Dip recession will be avoided. Rates will continue to be volitile this week with reports coming from Retail Sales and Consumer Price Index. Check the […]
Seattle and Bellevue Real Estate Mortgage Rate Watch 9/10/10
Seattle and Bellevue Real Estate Mortgage Rate Watch 9/10/10. Mortgage rates have bounced off the recent lows from weeks ago. This might be a sign that we have hit rock bottom and we are on the way up. Depending on your refinance or purchase, plan accordingly.
Seattle & Bellevue Real Estate Mortgage Rate Watch for 9/9/10
Seattle & Bellevue Real Estate Mortgage Rates pushed higher based off of Wall Streets positive reaction to the Jobless Claims Report. Timing is KEY when considering a mortgage and locking in your interest rates. The difference between waiting a day when any economic news which is released showing any indications of a positive sign can […]
FHA Short Refinance Option Now Available
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.
Interest Rate Watch for Seattle & Bellevue Real Estate 9/7/10
Rates regaining ground from last weeks losses. Mortgage rates open better on Tuesday, 9/7/10. There will be little economic news out this week to move rates. President Obama rolls out yet another $50 Billion plan on Wednesday. If the stock market does not receive his plan well and sells off look for opportunities to secure […]