Possible Relief for Seattle – King County Home Buyers

The Northwest Multiple Listing Service issued a press release indicating that we are finally seeing an increase in new listings being added to the market. The 14,524 new listings that came on during May, in the 23 counties that the NWMLS serves, are the most listings added in one month in 10 years. In King County, there were almost 1000 homes added to the market creating just over one month of inventory – the first time since September of last year. Here’s a link to the NWMLS market snapshot for May 2018. [Read more…]

Are markets shifting in Seattle?

This weekend while driving around my neighborhood in Seattle, I noticed more “for sale” and “open house” signs on homes. It’s a welcome sight after how long we’ve been in this tight market with very little housing inventory. [Read more…]

What may impact mortgage rates this week

This week is packed with economic indicators that may impact the direction of mortgage interest rates, which have been nudging higher. Mortgage rates are based on bonds (mortgage backed securities or “MBS”).  When the stock market is doing well, it’s not unusual to see mortgage rates trend higher as investors will trade the safety of bonds for the potentially higher return found with stocks. The reverse tends to also hold true – if stocks are tumbling, mortgage rates often improve as investments are moved to bonds. Signs of inflation will also deteriorate bond pricing and cause mortgage rates to move higher. [Read more…]

Mortgage interest rates continue higher

Freddie Mac’s weekly Prime Mortgage Market Survey shows that the average conforming rate last week reached a four year high with the 30 year at 4.58% priced with a half point.

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Stop paying rent: Mortgages with Low Down Payment Options

Recently I wrote about neighbors in West Seattle who were looking for a new place to rent because they have two cats and a dog, limiting their options.  I’ve pets my entire life, this is my cat Rocko at his typical hang-out where he can view everything on our stairs.

In my last post, I shared Fannie Mae’s Home Ready mortgage program which offers a low down payment with improved pricing on rates and mortgage insurance. [Read more…]

Mortgage rates holding steady at record lows

Freddie Mac’s weekly survey of mortgage rates (PMMS) were released this morning showing rates remaining at near record lows.


Click here for current rates for your home located in Washington state. [Read more…]

Mortgage interest rates stabilizing

Freddie Mac’s PMMS was released this morning showing that mortgage appear to be calming down…for now.

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Mortgage rates at 2 year highs

Mortgage rates continue to trend higher as confirmed by Freddie Mac’s weekly Prime Mortgage Market Survey released this morning.

2016-12-08-pmms

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