David's Blog

Posted by David Edwards under For Buyers, For Sellers, For Realty Professionals, Regional - West, Statistics, Marketing Reports, Renton, Neighborhood Profiles These numbers are based on a three month historical analysis that compares this week with last week. MLS Area 500 (Newcastle, Bellevue Sou...

I-405 and Eastside Projects Update Posted by David Edwards under For Buyers, For Sellers, For Realty Professionals, Regional - West, Regional News, Washington, Roads & Transportation Expect a sea of orange Saturday night in south BellevueLate night drivers will see lots of orange on I-405 this Sa...

Posted by David Edwards under For Buyers, For Sellers, For Realty Professionals, General Information, News & Media, Mortgage Market Updates, Bailout The housing and mortgage industries experienced a great change two weeks ago, as the Federal government moved to support Fannie Mae and Freddie Mac,...

Posted by David Edwards under For Buyers, For Sellers, For Realty Professionals, Regional - West, Statistics, News & Media, Marketing Reports, Renton, Mortgage Market Updates Note: The government's plan to stabilize the financial sector appears to have drawn some renewed confidence around the glo...

Mortgages are in the news again today...but this time, the news is good! Especially for people looking to buy or refinance a home, as interest rates have dropped to the lowest levels seen since April. For example the rate for a 30yr. fixed is at 5.5%. You've probably heard that Fannie Mae and Fre...

Nehemiah Update Posted by David Edwards under For Buyers, General Information, Mortgage Market Updates I received confirmation that as of right now, FHA has "terminated" use of seller down payment assistance programs... Any file in progress, or to be in progress, MUST HAVE a FINAL credit approval...

Posted by David Edwards under For Buyers, For Sellers, For Realty Professionals, Regional - West, Statistics, Marketing Reports, Renton Note: NWMLS implemented some Area Designation and Boundary changes in the Newcastle/Renton area to more accurately reflect the true market areas in this section ...

In response to the passing of HR 3221, this update announces FHA's new Mortgage Insurance Premiums for the period of October 1st, 2008 through September 30th, 2009. FHA's Risk Based Premiums that went into effect on July 14th, 2008 will be on hold until October 1st, 2009. Here are the 6 things yo...

The Streamlined K is a great tool for the purchase of homes needing minor remodeling or repairs. The Streamlined K allows the Buyer to obtain one loan to repair and purchase a home. The Streamlined K is available to FHA approved lenders only. There is no minimum repair cost threshold and the maxi...

Posted by David Edwards under For Buyers, For Sellers, For Realty Professionals, Regional - West, Statistics, Marketing Reports, Renton Note: NWMLS implemented some Area Designation and Boundary changes in the Newcastle/Renton area to more accurately reflect the true market areas in this section ...