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rates: Mortgage Rate Update -- THE FLOOR IS CLIMBING! THE FLOOR IS CLIMBING! - 05/21/09 05:41 PM
Mortgage Rates have gotten a little squirrelly of late, and are up about .25% from my last posting, here (yes, you must read my previous post -- it's the ol' bait-and-switch).
Many Economists (whoever that guy is, he sure is mysterious) say that rates are likely going to climb to 6% by the end of the year.
THIS COULD BE IT PEOPLE!
Ok, that may be slightly dramatic, but rates always go up faster than they go down, so if you're getting close to buying or refinancing...
"Hello, this is James Wirth with your red carpet room service. It's now time … (4 comments)
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rates: Mortgage Rate Update -- 'she canno' hold on much longah' cap'n! - 04/17/09 06:32 PM
Yes yes, another trek reference. Not that anyone's counting *sigh*
The week started lower, held at the hump and lost momentum in the last couple of days. Here's where we wound up:
4.875% Rate / 5.026% APRLoan amount: $417,000Down payment/equity: 20%Loan program: 30 Year FixedMinimum credit score: 720
Everything points to this being the bottom for rates -- well, except that ONE Bank of America announcement that said they expected 4.125% rates. Hey BofA, here's an idea -- take that TARP money and MAKE NEW LOANS!
Ok, I apologize. My usual diplomacy is nowhere to be found.
Thanks for reading!
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rates: Captain's Log: Supplemental - 02/27/09 08:12 PM
YES: I realize this is not the first time I've referenced Star Trek in a blog entry;
NO: I've never been to a Star Trek Convention. Not that there's anything WRONG with that...
Sing with me now: 'Star-Trekkin' across the Universe...'
What a week this has been! Here are a few highlights:
Stocks up, rates worse, stocks down, rates worse...
Guideline changes-- mortgage insurance is getting tighter, good for FHA...
Tax credit -- can claim it on 2008 taxes???
Seattle rated #1 in how many different ways?
Through it all, I know this for certain: Now is a GREAT time … (3 comments)
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rates: Mortgage Rate Update -- Unchanged from Friday - 12/22/08 12:06 PM
Today's one of those days where the mortgage market wakes up slowly, doesn't get right in the shower, leafs through the paper while sipping some decaf coffee, and slowly gets around to work. Not unlike many of us this morning after seeing the traffic reports and seeing all of the snow here in the Greater Seattle Area.
There are no economic releases of note today, and a treasury auction this week, so bond traders are aware of that and despite the stock market generally in negative territory there's not really any reason for rates to do anything but, well, hang out.
… (0 comments)
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James Wirth
Everett,
WA
More about me…
Address: Everett, WA, 98208
Cell Phone: (425) 298-7883
Email Me
James Wirth here, and T-H-A-N-K--Y-O-U for visiting my blog! Here I hope to inspire, educate, and coach those affiliated with the Real Estate industry on how they can better market themselves online & connect with past, present and future clients/customers/contacts
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