Stocks continue to bounce off of record highs, helped by strong corporate earnings. Money moving from bonds back into stocks can continue to pressure rates higher. New home sales hit a year and a half high in March, boosted by home prices and lower mortgage rates. It was the 3rd straight monthly increase for new […]
Recent optimism in the global economy has been helped by the upbeat economic data in China. This has pressured mortgage rates to move higher this week. Fed’s do not see signs of inflation at this time. This is good! Inflationary signs pressure interest rates to move higher. Receive Your Free Buyers Guide Spring Edition Below
Signaling a possible slowdown in the economy, retail sales dropped 0.2% in February. Slower economic activity is likely to keep the Fed’s from raising rates. Mortgage Rates bounced up off the recent 12 month lows this week, looking for signs of stabilizing next week. Talks with China and the US for a new trade deal […]
Mortgage Rates continue to hold at best levels in over a year now. Economy showing little signs of inflation which is good for rates! New homes sales declined to 3 month low in January, much attributed to the uncertainty the government shut down caused. Here locally the sno-magedeon caused sellers to delay the timing of […]
Mortgage rates hold steady. Real estate values up on the West Coast by 5.8%. We are heading into the peak real season of real estate in Seattle. Are you thinking of buying a home? Download my Spring Edition Buyers Guide Here 24 pages of great information and education. Call with any questions you may have […]
If you’ve ever watched “The Price is Right,” you know that the only way to win is to be the one to correctly guess the price of the item you want without going over! That means your guess must be just slightly under the retail price. In today’s shifting real estate market, where more inventory is coming […]
Weekly Mortgage Market Update for the week ending December 28st. More volatility on the stock market leads to rates easing more. Welcome any and all questions. Contact Keith Akada @ 206-601-3426 or email to keith@mortgagereel.com
FHA home loan financing will be more expensive for all Seattle home buyers and owners starting April 2012. Review the changes to prevent increased costs now.
Government home loans for Seattle real estate purchases does allow gift funds to be used towards the down payment. 100% of the gift funds can be applied towards the down payment. Relatives are able to provide gift funds for your new home purchase with proper documentation.
As of October 1, 2011 changes have been made to USDA financing. USDA financing does provide 100% financing for homes in rural areas.
