Loan limits for VA mortgages have been announced and, like last year, will follow the conforming loan limits. This means that VA loan limits will be higher for King County, Snohomish County and Pierce County effective 2016.
2016 VA Loan Limits for homes in Washington State
December 18, 2015 by Leave a Comment
How the Fed impacts Mortgage Rates [LIVE MORTGAGE RATE POST]
December 16, 2015 by 1 Comment
Today is “Fed Day” and it’s widely anticipated that we will see our first increase to the Fed Funds rate in years.
Fed Chair Janet Yellen is expected to announce an increase of 0.25% to the Fed Funds rate following the wrap up of today’s FOMC meeting around 11:00 PST.
What May Impact Mortgage Rates this Week: December 14, 2015
December 14, 2015 by 2 Comments
Mortgage rates have been very volatile today with the Fed highly anticipated to increase the Fed Funds rate on Wednesday.
Here are some of the economic indicators that may impact the direction of mortgage rates that are scheduled to be released this week:
2016 FHA Loan Limits for homes in Washington State
December 9, 2015 by Leave a Comment
HUD has just announced FHA loan limits for 2016. Loan amounts were increased for King County, Pierce County, Snohomish County, Clark County and Skamania County.
All other counties have the same loan limits as they did in 2015.
2016 FHA loan limits for King, Pierce and Snohomish Counties are the same as 2016 Conforming High Balance loan limits.
Here is a complete list of FHA loan limits for all counties in Washington:
What May Impact Mortgage Rates this week, December 8, 2015
December 8, 2015 by 1 Comment
I apologize for not getting this post done yesterday as I typically do. Last week, I was in Nashville attending the Mortgage Bankers Association’s Independent Mortgage Bankers Conference. It wrapped up on Friday which gave us some time to visit with my son who currently lives there. Our flight home Sunday afternoon was cancelled, which meant my sister-in-law and I had the pleasure of spending most of yesterday on flights to get back home to Seattle. Just for fun, I thought I’d share a pic I took of Minnie Pearl’s hat and shoes, which are on display at the Ryman Auditorium, home of the original Grand Ole Opry.
Redfin releases “Redfin Estimate”
December 6, 2015 by Leave a Comment
Redfin has unveiled their online home valuation estimating tool called (ready…) “Redfin Estimate”.
I’m doing some quick comparisons and from what I can tell so far by checking out homes in my West Seattle neighborhood, Redfin seems to offer more accurate home value estimates than Zillow’s Zestimates.
DIY Penny Floor Update
December 5, 2015 by Leave a Comment
Would you believe that as week four, we are about 75% down with gluing pennies to our floor? Rocko, our cat, has been sneaking his way into the room to supervise us.
What May Impact Mortgage Rates this Week: November 30, 2015
November 30, 2015 by 1 Comment
Welcome to the last day of November and Cyber Monday. I hope you had a wonderful Thanksgiving holiday.
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