I try to post important information about the mortgage industry on our site as it affects the majority of home-buyers and home-owners. In August of 2010 the Federal Reserve Board issued final rules on loan originator compensation to go into effect on April 1, 2011. The Federal Reserve rules tie in with Dodd-Frank Wall Street [...] Read more
Tag Archives: Mortgages
The Effect of Rising Interest Rates on Your Purchasing Power as a Buyer
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
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 [...] 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 [...] 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 [...] 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 [...] Read more
