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usda: The Myth of The Freddie Mac Average Mortgage Rate - 11/16/11 03:08 PM
Each week Freddie Mac—one of the giant Government Sponsored Mortgage Enterprises—releases their “Primary Mortgage Market Survey” or “PMMS”.  For the week ending November 10, 2011 the average 30-year fixed rate conventional mortgage was reported at 3.990%.
Almost invariably the mainstream media will spin this report as “Mortgage Rates Hit All-Time Lows” or “30-Year Mortgage Rates Drop Below 4%!”
You may be surprised to hear that this sort of media coverage causes our phones to ring off the hook.  A typical conversation starts like this:
“I just heard that mortgage rates dropped below 4%.  Why can’t you get me a lower rate?”
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usda: USDA is adding mortgage insurance - 06/02/11 06:51 PM
USDA Loans Will Have Monthly Mortgage Insurance as of October 1, 2011What Does This Mean To You?
USDA Rural Development and its loan program were designed to help improve the economy and quality of life throughout rural America. The program continues to remain a wonderful option for qualifying homebuyers, with zero down payment required.But a change is coming!Beginning October 1, for the first time in the history of USDA, the Single Housing Guaranteed Loan Program will have an annual fee. This fee will be calculated based on the guaranteed loan amount and based on the average annual scheduled unpaid principal … (0 comments)

usda: 10 Fees You Shouldn't Be Paying - 11/17/10 01:13 PM
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usda: USDA 100% Financing!! - 10/28/10 01:54 PM
 
USDA HOME LOAN GUIDELINES
Sometimes good credit and a steady income arenot enough to qualify for a home loan at a commerciallending institution such as a  mortgage company.More rural families and individuals may be eligibleto become homeowners with the help of aUSDA guaranteed home loan. When the federalgovernment agrees to guarantee a loan, lendinginstitutions can help buyers while incurring lessrisk. Through USDA's Guaranteed Rural HousingLoan Program, low- and moderate-income peoplecan qualify for mortgages even without a down payment.Guaranteed Rural Housing LoansTo be eligible, applicants must:Have an adequate and dependable income;Be a U.S. Citizen, qualified alien, or be legallyadmitted to the … (0 comments)

usda: USDA Loans For 1st time homebuyers - 10/25/10 02:13 PM
USDA Loans are great for the first time home buyer!  Zero down, good quality home and no out of pocket closing costs.  When applying for a USDA Loan, rent VS owning here are a few things that should be talked about. 
Renting you have to do 1st last and deposit, (if you have a pet, add that deposit on the total as well).
This is a TRUE ZERO DOWN PROGRAM.  It is cheaper than renting.
A USDA loan in 100% financing and the closing costs can be rolled in. There are income limits and the property must be outside the city limits.  I … (2 comments)

usda: But what would another round of Quantitative Easing mean to Bonds and home loan rates? - 10/04/10 01:17 PM
Let's break it down into four important aspects: (1) When would it happen? (2) How much money would it involve? (3) Why is this being contemplated? (4) And what does it mean to home loan rates?
First, as stated above, whether QE2 happens will be dependent upon the upcoming data releases. Many experts agree that if the Fed does make a move, it will most likely happen at the next Fed meeting, which is scheduled for November 3rd.
Second, the question of "how much" is still up in the air. As stated above, New York Fed President William Dudley gave an … (0 comments)

 
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Jerry Wright MLO 181458

Marysville, WA

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Absolute Mortgage

Address: 3503 188th ST SW, Lynnwood , WA, 98036

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