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
UPDATE: Please visit our Conforming Mortgage Guide which includes current loan limits for homes in Seattle and Washington state.
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.
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:
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.
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 calendar 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. 😉
Not all Home Buyer Classes are the same
April 4, 2015 by Leave a Comment
Home Buyer Classes or Seminars are popping up every where. They are often taught by a Mortgage Originator paired with a Real Estate Agent, both with hopes they will earn a chance to help students with the purchase of their home. Sometimes home inspectors or escrow officers may take part in teaching as well. Class content can vary as well as the length of the class. Some classes will even help students become eligible for down payment assistance programs and/or tax credits (MCC).
How do you know which home buyer class is the right one for you?
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