When the SEC filed fraud charges on Goldman Sachs, investors moved money from the stock market and into the bond market. Mortgage rates continue to hold at historic lows.
Seattle Home Mortgage Rates April 12, 2010
Seattle Home Mortgage Rates have improved from last week. Strong demand for the Treasury Auctions helped improve interest rates!
Seattle Home Mortgage Rates April 5, 2010
Seattle Mortgage Rates are higher as the Feds Purchase Program has ended. This week Treasury auctions total $82B. Most are long term maturities that will battle with Mortgage Back Securities so expect high volatility.
FHA Financing Reminder April 5, 2010
FHA financing is increasing the upfront mortgage insurance premium (UFMIP) from 1.75% to 2.25% starting April 5, 2010. If you are refinancing your home, this does include streamline refinances as well. Act Now!!
Seattle Home Mortgage Rates March 29, 2010
Seattle Home Mortgage Rates are slightly up from the previous week. Secure and lock in your interest rate now!! Forecast says rates are moving up soon!
Bank of America to Cut Some Mortgage Balances
Bank of America will start a new program on May to possibly reduce principal balances or interest rates. Depending on your current loan you must follow both the Obama loan modification program and Bank of America.
Seattle Home Mortgage Rates March 22, 2010
Interest rates are holding strong near the lowest levels from 2009 till now. As the Feds purchase program slowly ends, do not risk the opportunity of securing today. Investment property refinancing is hot! Ask us why!
FHA Upfront Mortgage Insurance Premium UFMIP increase to 2.25%
FHA financing to increase the upfront mortgage insurance premium from 1.75% to 2.25% starting April 5, 2010. Monthly mortgage insurance remains as is for now.
Seattle Home Mortgage Rates March 15, 2010
Seattle home mortgage rates remain close to historical lows! Do you have an investment property and would like to refinance? Ask about our special!
Seattle Home Mortgage Rates March 8, 2010
Seattle Mortgage Rates are up slightly from the previous week. The positive economic news kicked started the stock market, taking away from mortgage bonds last week.