There is not a lot on the economic indicator dance card this week, with no reports released yesterday or today. Mortgage rates remain very low. Here are some of the economic indicators scheduled to be released this week:
What May Impact Mortgage Rates this Week: April 20, 2015 | Mortgage Rates Slightly Improved
April 21, 2015 by 1 Comment
Mortgage interest rates still near historic lows
April 17, 2015 by 1 Comment
In a recent blog post, “Mortgage Rates: Still the Deal of the Century”, Freddie Mac shares this graphic illustrating just how low mortgage rates currently are. Obviously I thought this was too good not to share with my readers too.
What Sales Price do you qualify for with $100,000 for Down Payment and Closing Costs in Seattle?
April 16, 2015 by 2 Comments
If you have $100,000 available for funds for closing, you may be surprised to learn that, assuming you have the income and credit to qualify, you can buy a home with a sales price of around $800,000.
Here’s one example of how you can buy a “jumbo” priced home with less than 20% down payment.
How will Fannie Mae’s Collateral Underwriter (CU) impact appraisals?
April 15, 2015 by Leave a Comment
Over this weekend (April 18, 2015), Fannie Mae will be releasing the highly anticipated “Collateral Underwriter” (aka CU) to lenders. CU is intended to be a tool for lenders to use to help ensure the quality of appraisals on loans that originated as conventional/Fannie Mae. Fannie Mae’s tagline for CU is “Taking appraisal review to the next level”…many in the industry, from lenders, real estate brokers and appraisers, are a bit anxious over this new “tool”.
USDA Income Limits – Updated!
April 14, 2015 by Leave a Comment
USDA has released new income limits effective April 1, 2015. USDA offers a no-down payment mortgage program which is available in rural areas (typically a town with population of 10,000 or less). USDA does not have loan limits, the program is limited by household income and if the property is in a USDA designated location.
What May Impact Mortgage Rates this Week: April 13, 2015
April 13, 2015 by 1 Comment
Mortgage rates have been bouncing in a fairly tight range. Although we don’t have any economic indicators scheduled to be released today, the rest of this week is packed:
Condos not so hot? Neither is bad data!
April 13, 2015 by 2 Comments
Recently Travis Pittman of King 5 news shared his personal story about how he is unable to sell his condo in Kent. He sites part of the reason that he is unable to sell the condo is because of FHA requirements. I do agree, it’s important to keep your condo on FHA’s approved list, however the data that was provided in the article is not entirely correct.
Freddie Mac Reports Rates Improved Last Week
April 10, 2015 by Leave a Comment
Yesterday, Freddie Mac released their weekly mortgage rate survey revealing that mortgage rates trended lower last week following the weaker than expected March Jobs Report.
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