Seattle Mortgage Rates Today 1/31/2013: What’s the current trend in mortgage rates? Mortgage Rates remain unchanged What’s happening in financial markets? Given that the Federal Reserve continues to support the economy with the bond-buying spree known as Quantitative Easing 3 to the tune of $85 billion per month, stocks continue their climb at the expense […]
Seattle Mortgage Rates Today 1/30/2013: “The sky is falling! The sky is falling!” Ok, so the sky isn’t really falling but mortgage bonds have fallen considerably this past week on positive headlines and better than expected economic data. Today, the ADP Report on the private job sector came in 19,000 higher than the 173,000 expected; […]
Seattle home loan structures with monthly paid mortgage insurance PMI allow a year end tax deduction based on purchase date and income. You can still purchase a primary home in 2013 to qualify.
Seattle Mortgage Rates Today 1/17/13: The bond markets were negatively affected today upon release of better than expected economic data. Last week, the number unemployment claims reached an all-time low since the beginning of 2008. It was reported by the Labor department that claims fell by 37,000 to 335,000; however, this time of year tends […]
Seattle Mortgage Rates Today 1/15/13: “And the uncertainty starts…now!” Mortgage bonds are getting a slight boost this morning as concerns over the debt ceiling come to light. Talks with Republicans were rejected yesterday by the President. Republicans insist that any increase in the deb celling must be matched with dollar for dollar spending cuts with […]
Seattle Mortgage Rates Today 1/14/13: U.S. bond markets opened a bit higher this morning on news that Japan may begin a program purchasing foreign securities which would include U.S. Treasuries. The Japanese Yen (¥) fell slightly on word that the Bank of Japan approved a monetary stimulus program last week to the tune of $117 […]
Seattle Mortgage Rates Today 1/10/13: Once again, markets react to positive news coming from the world’s second largest economy, China. Mortgage bonds opened lower as investors moved their resources to stocks. Shares rose both here and abroad with new data reflecting that a balance of imports and exports out of China. However, Japan found itself […]
Seattle Mortgage Rate Today 1/7/13: “Have mortgage bond prices bottomed out?” After several days of falling mortgage bonds last week resulting from Federal Reserve members remarking that Quantitative Easing 3 should end this year, bonds are attempting to stabilize. Although stocks have climbed to an all-time high, investors cashed in their gains today as news […]
Seattle Mortgage Rates Today 1/4/13: Mortgage bonds have been on a wild ride and settled lower on yet another day. Although the Jobs Report came in at the anticipated 155,000 jobs for December, the unemployment rate still sits at 7.8%. While some may see that figure reflecting an economy that is recovering, albeit at a […]
Within the past 6 months, credit bureaus have continued to tighten up the guidelines. Some changes may or may not impact you as much but take a moment to educate yourself to maximize your credit potential when you are purchasing or refinancing real estate. Please contact us with specific questions. Don’t pay off old collection […]
