2017 FHA Loan Limits for Washington State

iStock-000018668640XSmallHUD has just announced FHA loan limits for 2017. Loan amounts were increased for all Washington counties EXCEPT for Chelan, Callam, Douglas, Jefferson, San Juan and Skagit which have the same FHA loan limits as 2016.

Loan limits for 2017 are in effect with FHA case numbers issued in 2017.

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BREAKING NEWS: 2017 FHA Loan Limits increased for Greater Seattle area

HUD has updated their website with the 2017 loan limits for FHA mortgages. King, Pierce and Snohomish counties will match the 2017 conforming high balance loan limits. FHA loan limits are effective with CASE NUMBERS issued in 2017. [Read more…]

Mortgage rates continue to climb higher

Freddie Mac released their Prime Mortgage Market Survey (PMMS) this morning showing rates continuing to move higher.

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2017 Conforming Loan Limits for Washington State

MortgageConforming loan limits are getting their first increase in ten years.

Conforming high balance areas for King, Snohomish and Pierce counties have have higher limits for 2017 as well.

San Juan County’s high balance conforming loan limit is unchanged from 2016. [Read more…]

BREAKING NEWS: Conforming Loan Limits INCREASED for 2017

MortgageConforming loan limits have been increased for 2017.  The last time conforming loan limits were raised was in 2006. Conforming loan limits for the last ten years for a single family dwelling have been limited to $417,000, unless the home was located in a county with a high balance conforming loan limit. High balance conforming loan limits for the greater Seattle area have been raised as well to $592,250 for a single family dwelling. [Read more…]

Mortgage rates “spike” following the election

The graph from this morning’s PMMS report illustrates the dramatic jump in mortgage rates that happened following last week’s Presidential election. Mortgage rates, although still low, haven’t been in this range since January 2016.

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Mortgage rates expected to trend higher following the October Jobs Report

Recruitment or Employment Issues Chalk Drawing

Yesterday morning, the Jobs Report was released with data for the month of October. The report gave an overall healthy picture of the economy and came in slightly stronger than expected with 161,000 jobs added in October and positive revisions made to August and September. [Read more…]

What the ??? Wells Fargo!

Wells Fargo has been in the media quite a bit recently for terrible things the bank has done to their consumer clients and employees. It will be interesting to see how this all plays out…this is another example of how a powerful large bank has taken total advantage of consumers. [Read more…]