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mortgages: SO YOU THINK INTEREST RATES ARE LOW NOW?? - 11/01/11 09:21 AM
Well they are, but here is an interesting chart from a friend at Peoples Bank (Darel Ansley who blogs here) that shows a very interesting perspective on rates... take a look.
By current standards rates are low... but they have been lower... in the late 40's to about 1950 they were lower and helped fuel the growth that was to come later on. Also i remember doing mortgages during the 80's when the rate spiked... water cooler conversation was "gee if rates would just get back down to 12% we could really do some business"... and we did
Throughout all of … (5 comments)

mortgages: DICHOTOMY (BANKING) - 11/06/10 10:57 AM
Interesting, banks (or so I have read) are sitting on about One Trillion in excess reserves. The Fed is trying to put additional cash into the economy and risking inflation. Banks are quick to point out that there is a) low demand and b) credit risk is too high. But as any real estate agent can tell you on the lending side, banks are doing everything they can to virtually discourage lending plus if they have a chance to get paid early on a short sale forget it. So I am sitting having a cup of coffee and thinking about these … (2 comments)

mortgages: Foreclosure WHOA - 10/15/10 09:12 AM
Hmmm... haven't seen this angle yet, though I am sure it is out there.
If you were a buyer and had an offer on a foreclosed property, that was canceled (the sale) by a lender/bank/agency because of the current review. And further the reason for the cancellation was the result of a negligent act by the lender (how do you say robo-signer) you (the buyer) have been harmed.
Let see how much harm? Well the cost of an inspection, apprasial, the appliances you just bought because you needed a refrigerator and washer/dryer (which went with your old house...now closed). Oh yeah … (10 comments)

mortgages: Discrimination...not then - 04/12/07 12:55 AM
Here is a story that in todays climate it is impossible to believe. But it did happen... it was a different time and expectations were different. I use it to illustrate how things have not only changed but continue to evolve...usually for the better.
In 1974 I was a VP with a large regional mortgage banker. Among my duties were secondary marketing. I generally found investors, got their criteria for underwriting and the delivered loan packages to them. There was a large Mutual Savings Bank that was a good investor and we had about $50MM in loans with them (this in the days … (1 comments)

 
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Perrin Cornell, Broker, ABR

Wenatchee, WA

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Century 21 Exclusively, Wenatchee, WA

Address: 135 N. Mission, Wenatchee, WA, 98801

Office Phone: (509) 662-2100

Cell Phone: (509) 669-0354

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Comments and advice on the Real Estate market in Washington State and the housing market in and around Wenatchee, East Wenatchee and the Wenatchee Valley.


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