One of the oldest areas of downtown Seattle “Pioneer Square” has attracted Taiwanese smartphone company HTC. Looking to expand its footprint in Seattle’s Pioneer Square area, as the growing company turns up the volume on its long-standing partnership with Microsoft. The historic Pioneer Square district already is home to numerous tech companies, including a small [...] Read more
Tag Archives: seattle mortgage rates
Edmonds Washington Real Estate
Hey looking to purchase a home in the Pacific NW! Have heard the word there’s a new 100% financing program on the table and in some cases income isn’t a dis-qualifier. Its based on the income levels where you want to purchase you next property. All that’s needed is the address and if the income [...] Read more
Seattle Mortgage Tip
Remember the bridge over the river or should I say the bridge loan that used to be around once upon a time. Well its back by popular demand but only at Washington Federal. Yes the Cross Collateral Bridge Loan for borrowers with significant equity in their current home? That’s right, we are their still [...] Read more
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
4% For a 30 Year Fixed Mortgage!?!
Yes, that’s not a typo or missing some additional .5 or .75. As mortgage backed securitities continue to gain steam due to overall weakness in the economy the rates for Conventional and Government loans have reached new lows. For the first time in my time as a Loan Originator I had a client close on a [...] Read more
Mortgage Interest Rates At Ridiculously Low Levels
It’s been awhile since I posted but I’ve been able to get a couple free minutes and had to point out what’s happening in the mortgage industry these days. Over the past week Treasury Notes and Mortgage Backed Securities keep gaining in appeal as investors move out of the stock market into the safety they [...] Read more
