Category Archives: Mortgage Monday
Mortgage Monday: New Rates
I apologize to all my readers that I have been missing in action. I have been reinventing my real estate business so that I can offer you superior customer service in the greater Seattle area. Whether you … Continue reading
NHF Platinum Program
National Homebuyers Fund Platinum Program is a great program to help home buyers with down payment or closing costs. It provides eligible families and individuals with grant funds that never have to be repaid to assist in the … Continue reading
What’s New With Mortgages?
Effective October 3, 2015 there is a new law going into effect that will greatly impact not only the real estate industry, but also the mortgage industry. And right along with it, the home buyer.
It is the … Continue reading
Mortgage Monday: Appraisals No Longer a Secret
Thanks to the Dodd Frank Wall Street Reform and Consumer Protection Act of 2010, home buyers can now receive a copy of their appraisal without having to ask. Prior to January 18, 2014, your … Continue reading
The Upside to Adjustable-Rate Mortgages
Most Adjustable-Rate Mortgages (ARMs) are originated with a fixed interest rate that lasts a few years before it becomes variable, then typically change once every 12 months. But now, more jumbo borrowers are sticking with their … Continue reading
Housing data brightens U.S. economic growth outlook
Permits for future U.S. home construction hit a near 5-1/2-year-high in October and prices for single-family homes notched big gains in September, suggesting a run-up in mortgage interest rates has not derailed the housing … Continue reading
Home Mortgage Rates Head Down Again.
Average U.S. rates on fixed mortgages declined this week after two weeks of increases, keeping home-buying affordable. Mortgage buyer Freddie Mac said Thursday that the average rate on the 30-year loan fell to 4.22 percent … Continue reading
Lenders Loosen Down Payment Requirements
Lenders' tight underwriting standards have been blamed for sidelining many potential home buyers the last few years. But lenders may be showing signs of loosening up a bit.
The average down payment on a 30-year, fixed-rate mortgage … Continue reading
5 Things You Should Know About Mortgages, But Probably Don't.
At first glance, the mortgage market seems simple enough. It's just a bunch of banks making loans, right?
If a person were so inclined, they could write a multivolume treatise on the … Continue reading