home: Home prices flat, Mortgage rates down, Stocks up,...whats next?
- 01/10/15 03:29 AM
It seems that home prices have currently leveled off after a nice bounce from the 2008/2009 period when home prices declined drastically. Currently Mortgage rates are close to record lows (as of 1/10/2015), and that is "after" the FED has announced their Bond buying will decrease. This news should have made interest rates shoot up, but not so. Rates have now come back down to a level lower than the FED intial Bond buying announcement. This is a troubling sign, as home prices should be booming also. Is the Economy in so much trouble that we are going to be in … (1 comments)
home: FHA upfront and annual mortgage insurance increasing again for home loans!
- 03/16/12 03:23 AM
FHA has increased their upfront and annual mortgage insurance premiums again. It is getting very expensive for an FHA loan. If you can qualify for a conventional loan, the costs are much better. There is no upfront MI and much lower annual (paid monthly in mortgage payment) MI. Changes will be effective on April 9, 2012. The charts below illustrate the 10 basis points (bps) increase in the Annual Mortgage Insurance Premiums (loan amounts under $625,000) and a 75 basis points (bps) increase to the Upfront Mortgage Insurance Premium (UFMIP). It is anticipated that these marginal increases are affordable for nearly … (0 comments)
home: Existing home sales in the West are best! Distressed home sales still dominate the markets.
- 02/28/11 05:24 AM
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)
home: How long does my home short sale take to complete after I have a Purchase agreement?
- 06/21/10 05:19 AM
The length of time a short sale approval will take is difficult to guess. Here are some estimate, but every lender and every deal is different. Lenders often find themselves in a tight spot when borrowers default on payments leading often to a foreclosure, or those whose payments are delayed due to various reasons. The approval process in such cases gets delayed and it is not unusual to find bottlenecks along the way, leading to backlogs extending for days, weeks and in some cases, even months at a time. The short sale process is long and tedious, requiring a detailed set of regulations … (1 comments)
home: FORECLOSURE HELP NOW! Save your home and equity. Call us today. (Puget Sound area) Seattle, Tacoma, and in between.
- 10/16/07 08:52 AM
STOPPING FORECLOSURES ACROSS AMERICA! WE WORK FOR YOU, NOT YOUR LENDER. We have been Saving Homes Across AmericaTM and have over 15 years of combined experience saving homes for people like you. We are experienced Foreclosure Prevention Consultants working together to help you stop the foreclosure process and save your home. We specialize in out-of-court resolutions of government and non-government mortgage delinquencies and foreclosure claims against homeowners. These can be FHA, Rural Administration, VA, Freddie Mac, Fannie Mae, or conventional loans, which have become delinquent. Are you behind on your mortgage payments? Are you being threatened with eviction from your home? … (0 comments)
home: 1.21 acres in West Hill Auburn zoned R-4. Good investment for builders. 3400 sq ft home.
- 10/14/07 04:07 AM
3440 square foot home on a 1.21 acre lot in prime new home area zoned R-4. Nice home built in 1979. A lot of value would be placed on the development potential. This property can be sub-divided and developed. This home is not "officially" on the public market yet and has not been put into the MLS. I am fielding calls and talking with investors and/or builders prior to adding to the MLS. Please contact for more information. 4 bedroom 2.75 bath 1.21 acres Built in 1979 I have contacted several of the owners next to this property and may have … (0 comments)
home: Could we be hitting a bottom? Some good signs, some bad signs. What's your opinion?
- 10/12/07 05:23 AM
There are many mixed reports right now and they include good signs and bad signs. I usually gauge the Real Estate business on how mine and my office sales are doing and there has been some up-tick in buyer interest for the Seattle-Tacoma, Washington area. Here are some of the positives and negatives....and a chart showing the emotional Real Estate cycle. I think the Puget Sound, Washington area is in the Desperation/Panic area of the chart. Market emotion cycle chart Positives headlines in the market 1) Mortgage applications up 2.4%. MBA's weekly survey shows that volume moved higher despite an uptick in interest rates; refinancing accounted for 46% of … (6 comments)
home: Home sitting vacant? Try the lease-option and wait the slow market out!
- 10/07/07 06:45 PM
FSBO SOLUTIONS MLS Marketing Options Plan Lease your home now! And get a better tenant! My name is Jason and I see that you are leasing your home. I have several clients in the Puget Sound area that are interested in a lease-option a home. If you are willing to lease-option your home, I should be able to quickly find someone. If you are not sure what a lease-option is, I will explain.... A lease-option is basically a lease with an option to purchase your home at a set price, determined by you plus an increase of 4-5% per year. The … (1 comments)
home: Don't want to hire a Real Estate agent? Evaluate the whole process first!
- 10/02/07 08:05 AM
List of Pros and cons of selling FSBO (For Sale by Owner) PROS Selling your home without an agent means More Money. If that's not an incentive, what is? By selling it yourself you save the fees or commissions (thousands of dollars) that you would have to pay an agent. But beware, many people make costly mistakes that will cost much more than hiring an agent plus a lot of undesirable stress. CONS Real estate agents are paid good money for a reason. Selling a home takes a lot of time and energy. Open houses, dealing with potential buyers, closing sales and dealing … (3 comments)
home: The slow Real Estate market is bringing back contingent offers. Here are the pros and cons.
- 10/02/07 07:58 AM
Contingent offers and why they are making a comeback. During the strong sellers' market of recent years, contingencies were rare because buyers were confident they could sell before closing on their next home. Times have changed due to a slower real estate market. What are Contingent offers???..... A contingency in a purchase contract is a condition that must be satisfied for the sale to go through. With a contingent-sale offer, the deal is not complete until the buyer's home is sold. If the buyer's home doesn't sell, the buyers are usually released from the contract without penalty and the seller's home goes … (2 comments)
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.
It seems that home prices have currently leveled off after a nice bounce from the 2008/2009 period when home prices declined drastically. Currently Mortgage rates are close to record lows (as of 1/10/2015), and that is "after" the FED has announced their Bond buying will decrease. This news should have made interest rates shoot up, but not so. Rates have now come back down to a level lower than the FED intial Bond buying announcement. This is a troubling sign, as home prices should be booming also. Is the Economy in so much trouble that we are going to be in … (1 comments)
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