Seattle Real Estate Professional

My Posts/Listings

Foreclosure Filings Drop Nationally

Today RealtyTrac® released its February U.S. Foreclosure Market Report. The RealtyTrac report shows that foreclosure filings, which include default notices, scheduled auctions, and bank repossessions declined 2 percent from January. A total of 308,524 properties in the United States received one of the listed notices during the month. This equates to 1 house in every 418. Compare that to January’s... [Read more]

Seattle Mortgage Rates For The Week of March 8th

It’s been a fairly bland week in terms of mortgage rate activity, although that’s a good thing when rates are hovering between 4.75 and 5%.  After two dataless days to start the week and little or no movement in mortgage rates, action picked up on Wednesday. Mortgage rates opened the day lower and after a big turnout at the 10 year Treasury note auction, yields increased and mortgage-backed... [Read more]

Seattle Mortgage Rates For The Week of March 1st

Wow, March 1st is already here and the countdown has begun to the Federal Reserve’s exit from mortgage backed securities purchasing at the end of this month.   We ended last week with some pretty good rates and things have continued to be positive for mortgage rates this week as well.   The data this week has been of light impact although we’ve seen rates improve steadily throughout... [Read more]

The Effect Of Higher Mortgage Rates On Purchase Price

Mortgage rates have risen over the beginning of 2010 and are expected to climb significantly after the Federal Reserve stops purchasing mortgage backed securities in March.  Additionally any improvement to the overall economy will push rates higher as money moves out of mortgage bonds and into stocks.  A couple years ago when the economy was at full steam 30 Year Fixed loan rates were in the upper 5... [Read more]

Seattle Mortgage Rates For The Week of February 22nd

Last week saw mortgage rates reach some of the highest levels we’ve seen so far this year.  With the homebuyer’s tax credit still around for the next couple months it’s on most buyers mind whether they’ll be able to get a rate in the upper 4’s or mid 5’s for their purchase.  The real estate market is showing some signs of recovery with housing starts exceeding... [Read more]

Seattle Mortgage Rate News For the Week of February 15th

It’s been my goal to keep everyone reading our blog updated each week with what’s happening in the mortgage industry.  This post is a bit later in the week than I’d like, but it will allow me to summarize what’s taken place over the last several days.   Mortgage rates have risen as the week has gone by with “par” rates now hovering between 4.875% and 5% for 30... [Read more]

A Tip To A Lower Mortgage Rate

Interest rates are already on the rise in 2010 and the expectation is that will not only continue but potentially explode after the Federal Reserve stops buying mortgage backed securities in March.   No matter what is happening with rates on a daily or weekly basis it’s always important to know some tips on how to get a lower mortgage rate.  In order for this  to make sense let me first... [Read more]

Seattle Mortgage Rate News For the Week of February 8th

Freddie Mac reported last Thursday that average rates for a 30 Year Fixed loan had rose to 5.1% from 4.9% the week prior.  Although, we finished out the first week in February with rates/pricing Friday morning at the best we’ve seen all year.   By the end of Friday, the stock market rallied and the great rates that we started the day with were being re-priced by many lenders.    Monday followed Friday... [Read more]

Seattle Mortgage Rates Drop

Earlier in the week I mentioned that the Employment Report due out on Friday would have an impact on mortgage rates.  As the week went on we saw gradual improvement in the pricing with 4.75% for a 30 Year Fixed becoming more and more available for less cost.   The stock market tumbled on Thursday and continued to fall on Friday morning despite coming back a bit in late day trading.  Thursday... [Read more]

Seattle Mortgage News For The Week of February 1st

The end of January saw mortgage rates holding fairly steady within a small range throughout the week.  The average for a 30 Year Fixed Conventional loan as reported by Freddie Mac dropped slightly to 4.98% from 4.99% the previous week.  What is somewhat surprising is that the rates held steady amidst a week that had several economic reports that came out with numbers that were more negative than... [Read more]

Next Page »