Tag Archives: home buyer tips
Michael Pollock

The Effect of Rising Interest Rates on Your Purchasing Power as a Buyer

by on February 9, 2011 in Buyer's Guide to Real Estate in Seattle, Buying Seattle Real Estate, Featured, First Time Homebuyers, Mortgages, News and Information, Residential Seattle Property Comments { 0 }

Mortgage rates have risen steadily since November of 2010 and after five straight days of  deterioration the best execution for 30 Year Fixed Conventional loans is now hovering around 4.875%-5.125% , depending on the credit rating of the borrower and fees on the loan.   Rates are expected to continue to rise as the market for Mortgage Backed Securities transitions from the 4.5 coupon to the 5.0 coupon.  New loan [...] Read more

Michael Pollock

The Effect Of Higher Mortgage Rates On Purchase Price

by on February 26, 2010 in First Time Homebuyers, Mortgages Comments { 0 }

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 [...] Read more

Real Estate Nationwide