Existing home sales in the West are best! Distressed home sales still dominate the markets. - 02/28/11 01:24 PM
The housing market continues to keep experts and analysts on their toes. I assume this will pattern of uncertainty will continue for at least 2011 and partially in to 2012, with more steadiness at that time.
While existing-home sales rose again in January and are outpacing year-ago levels, we are still seeing a drop in home prices across much the country. Existing-home sales increased 2.7 percent in January and are 5.3 percent above January of 2010. Lawrence Yun, NAR chief economist, sees the rise as positive, but with room for improvement. "The uptrend in home sales is consistent with improvements in … (1 comments)

Puget sound investors are coming back in to the Real Estate market to buy investment homes. - 02/24/11 01:06 AM
That's right.  Smart investment money is starting to come off the sidelines as those investors recognize the value in Puget Sound real estate.  Prices have adjusted to value levels, and in some cases, way below value levels.  That brings the folks who have been sitting on the bench into the game.  And that is good news because it helps to shape the perception of others. 
Of course it's always about location as location proves value.  A quality product in a quality location at a value price.  That's the shape of the current market.
Should you be buying right now in our … (0 comments)

Recent home prices with some Seattle, Washington region suprises. - 02/22/11 11:46 AM
No news can sometimes be good news. According to the December Home Price Index, recently released by analytic firm CoreLogic, "2010 shows home prices stabilized with the average annual HPI index showing no change relative to 2009."
Month over month, however, home prices were still down in December, with prices declining by 5.46 percent from November. This was the fifth straight month of declines. Home prices were also down in some unexpected areas. While declines in home values were expected in previous boom areas, such as California and Florida, declines have now been surfacing in some new, unlikely cities.
A recent … (0 comments)

Mortgage rates trends and information for February 18, 2011. (Ginnie and Fannie) - 02/18/11 01:15 PM
Good Morning... On Thursday, current coupon mortgages finished little changed versus swaps while both higher and lower coupon mortgages outperformed.  At the close, FNCL (30yr) 4.5s in March were +8/32 (101-03) and the FNCI (15yr) 4.0s in March were +7/32 (102-02+).  In agency swaps, Ginnie/Fannie swaps continued their move higher yesterday in response to the same dynamics that have been in play all week (limited supply and the prospect of slower prepay speeds going forward).  Right now, the Ginnie/Fannie 5.0% swap is trading +44/32nds up 6/32nds from a week ago. Flows from originators totaled about $1.25bln yesterday, which is in line with the … (0 comments)

FHA changing the Annual Mortgage Insurance Premium (MI) amount again on April 18, 2011. - 02/15/11 02:40 PM
Borrowers and lenders should realize that there are new changes (an increase) coming to the FHA Annual Mortgage Insurance premium on April 18, 2011. If you recall, FHA recently made changes on October 4, 2010 and lowered the upfront MIP to 1% (from 2.25%) and raised the monthly MI to a factor of .90%. Well...this is going to change again. The upfront MIP will remain the same, but the Annual Mortgage Insurance premium (MI) will increase in most cases. Here are the current FHA UFMIP and Monthly MI amounts...
FHA MI Fees as of October 4, 2010
UFMIP = 1.00% & Monthly … (0 comments)

Non-occupant co-borrower's guidelines for conventional home loans (Fannie Mae or Freddie Mac). - 02/14/11 07:16 PM
There have been many questions regarding borrowers obtaining loans with non-occupant co-borrowers. Here some basic simple guidelines for the non-occupant co-borrower on "Conventional" (Fannie Mae or Freddie Mac) loans. These do not apply to FHA loans, as they have their own rules.
•·         Minimum 5% down payment must be from the borrower's own funds;
•·         Applications with occupant and non-occupant co-borrowers when the LTV is greater than 80%, the minimum required contribution must come from the occupant borrower;
•·         Non-occupant Co-borrowers, the maximum LTV/CLTV is 90%.  Interest Only loans are not eligible.  The non-occupant co-borrower may be a relative or a person with … (8 comments)

FHA EXTENDS ‘ANTI-FLIPPING WAIVER’ TO HELP STABLIZE HOUSING MARKET - 02/01/11 10:39 PM
 Measure continues effort to boost home values and accelerate resale of vacant properties
In an effort to continue stabilizing home values and improve conditions in communities experiencing high foreclosure activity, Federal Housing Administration (FHA) Commissioner David H. Stevens today extended FHA's temporary waiver of the agency's ‘anti-flipping rule.' The extension announced today is intended to accelerate the resale of foreclosed upon homes in neighborhoods struggling to overcome possible property abandonment and blight.
With certain exceptions, FHA regulations prohibit insuring a mortgage on a home owned by the seller for less than 90 days. Early last year, FHA temporarily waived this regulation … (0 comments)

 
Business_photo_for_jason Rainmaker_large

Jason Schweiger

Auburn, WA

More about me…

Network Funding LP

Address: Auburn, WA, 98001

Office Phone: (253) 315-5580

Cell Phone: (253) 315-5580

Email Me

Puget Sound Mortgage Broker working hard for my clients in the entire Puget Sound region including Issaquah, Bellevue, Seattle, Redmond, Kent, Auburn, Maple Valley, Covington, Renton and more.


Listings

Links

Archives

RSS 2.0 Feed for this blog

Find WA real estate agents and Auburn real estate on ActiveRain.