FHA has re-instated the loan limits that previously existed in 2011 and has extended the loan limit increase till the end of 2012.
Seattle Real Estate Mortgage Rates Today 12/21/2011
Seattle Real Estate Mortgage Rates Today 12/21/2011 Housing and Unemployment have been tested and proven, the two most important variables that impact the economic recovery of the United States. Though the numbers are not staggering it does show signs of improvement. Less than 18 months ago unemployment hit its all time highs and housing numbers […]
Tip of the Day – JUMBO Financing
We recently received a purchase inquiry from Yelp regarding a Jumbo ($700K-$800K) mortgage product. The buyer learned that many banks/lenders are unable to qualify a borrower with a 15% down payment at that purchase price. Those banks/lenders had many requirements such as minimum down payments of 25% and maintaining minimum assets of 12-24 months of […]
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Seattle Real Estate Mortgage Rates Today 12/14/2011
Seattle Real Estate Mortgage Rates Today 12/14/2011: What happened at the Fed meeting yesterday? Not much. There was not much change to yesterday’s Fed announcement; however, they did concede and are quite cognizant that significant risks to the economic outlook are exacerbated by straining global financial markets. Stocks were negatively affected without the mention of […]
Seattle Real Estate Mortgage Rates Today 12/13/2011
Seattle Real Estate Mortgage Rates Today 12/13/2011: What’s happening today? Today the members of the Fed will convene for the Federal Open Market Committee Meeting to discuss monetary policy. With the current economic state, there is no intention of raising the Federal Funds Rate which is currently at 0%-.25%. Obviously when discussing the economy, the […]
Seattle Real Estate Mortgage Rates Today 12/9/2011
Seattle Real Estate Mortgage Rates Today 12/9/2011: This whole week has been based upon Europe. Until a solid plan is put in place and accepted by the global markets investors will remain in the U.S. Safe Haven which Mortgage Rates are benefitting from. The U.S. continues to show its own resilience as Consumer Sentiment reported […]
Seattle Real Estate Mortgage Rates Today 12/7/2011
Seattle Real Estate Mortgage Rates Today 12/7/2011: In anticipation of the European Union Summit tomorrow, stocks and bonds are trading near unchanged. Also supporting the current trading pattern is the absence of major headlines out of Europe and domestic economic reports. Why are the markets skeptical? Vowing to mitigate the current debt crisis rampant in […]
Seattle Real Estate Mortgage Rates Today 12/6/11
Seattle Real Estate Mortgage Rates Today 12/6/11: What will happen to Europe? That is what the entire financial market it wating for. BORING it has been the ongoing saga for months. Where this gets very interesting is how it is impacting he Safe Haven trade in the U.S.. Historically Mortgage Rates have worsened after Thanksgiving, […]
Seattle Real Estate Mortgage Rates Today 11/28/11
Seattle Real Estate Mortgage Rates Today 11/28/11: Hope you had a great Thanksgiving. Back to business as the market is trading on volatility, speculation and uncertainty. As Europe begins their long road to recovery, investors for now, are believing the plans put in place will help the Euro. This is far from over, BUT it […]