UPDATE JUNE 24, 2015: I’m back!!!
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.
What May Impact Mortgage Rates this Week: April 6, 2015 – MORTGAGE RATES IMPROVED
April 6, 2015 by 1 Comment
Friday’s weaker than expected Jobs Report surprised the market, causing mortgage rates to improve. This week appears to be a little light on economic calender for indicators scheduled to be released. Watch for the FOMC minutes to be released on Wednesday. You may also want to watch the Seattle Mariners first game of the season this afternoon against the Angels. For the record, I will not be at the game today…it’s a typical work day for me, helping my clients buy and refinance homes around the greater Seattle area. 😉
What May Impact Mortgage Rates this Week: March 30, 2015
March 30, 2015 by 1 Comment
This week is set to have volatility continue with mortgage interest rates based on what’s on deck for economic indicators scheduled to be released, including the Jobs Report on Friday. Here’s this week’s line up:
What May Impact Mortgage Rates this Week: January 26, 2015
January 28, 2015 by Leave a Comment
Mortgage rates continue to be bouncing at very low levels while the markets continue to be very volatile. Here are some of the economic indicators scheduled to be released this week that may impact the direction of mortgage interest rates:
2015 Conforming Loan Limits for Washington State
December 14, 2014 by 1 Comment
Earlier this month, the FHFA announced the 2015 conforming loan limits for homes located in Washington state. A conforming loan is a conventional loan (ie Fannie Mae or Freddie Mac). Loan amounts that exceed the conforming loan limit are considered jumbo loans (or non-conforming) and have different underwriting guidelines and rates.
The FHFA increased the loan limits in three counties (King, Pierce and Snohomish) effective 2015. All other counties will have the same loan limits as 2014.
2015 Conforming Loan Limits for Homes Located in Washington State
Mortgage Rates Drop to new 2014 Lows
October 15, 2014 by 1 Comment
The 30 year fixed is back under 4.000% as I write this post. Rates change constantly and with how volatile the markets have been, we could see mortgage rates bounce back up as quickly as they’ve dropped down.
What May Impact Mortgage Rates this Week: June 30, 2014
July 1, 2014 by Leave a Comment
This is a short week with Independence Day on this Friday. Watch for the Jobs Report being released on Thursday, July 3, which could provide some early fireworks depending on if the data comes in less or more than expected.
Here are some of the economic indicators scheduled to be released this week:
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