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30 Year Fixed Rate Mortgages are still below 5.0% - Bellingham Homes For Sale

GOOD NEWS - 30 Year Fixed Rate Mortgages are still below 5.0% and today's 2 Year Auction is going extremely well meaning we might see the rates dip a bit lower.

MORE GOOD NEWS - Fast Closings for Mortgages - With the rates as low as they are and the 1st time Homebuyer Tax Credit deadline the end of November, the number of mortgage loans in process is high. In the field in it common for refinance mortgages to take a minium of 45-60 days to close and I've heard of loans that started 5 months ago that still are in process and not closed! As for purchase mortgages, they too are experiencing longer processing times. Especially FHA.

This information courtesy of: Pennie Talbot-Whitish Mortgage Loan Officer Horizon Bank, Cornwall Office 1500 Cornwall Ave. Bellingham, WA 98225 360.756.2540 360.224.6558 Cell phone 360.733.1872 Fax number pennie.whitish@horizonbank.com www.horizonbankmortgage.com/PennieWhitish

Chris Farkas

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Posted by Chris Farkas on 10/27/2009 08:04 PM

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Mortgage Rates in the Mortgage / Finance Channel

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Originally posted at: Chris Farkas Bellingham Blog: 30 Year Fixed Rate Mortgages are still below 5.0% - Bellingham Homes For Sale

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1 Comments on 30 Year Fixed Rate Mortgages are still below 5.0% - Bellingham Homes For Sale

OCT

Chris,

I hope all is going well. It seems that you are busy and doing well in spite of some of the adverse market conditions. I see your materials at various locations.

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Chris Farkas

Bellingham, WA

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Exit Realty Associates

Address: 1419 Cornwall Avenue, Bellingham, WA, 98225

Office Phone: (360) 756-6500

Cell Phone: (360) 393-0793

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The majority of my clients already live in or around Bellingham and are both selling and buying in our area. Some of my clients are selling out of the area and moving to Whatcom County from as far away as California or even Washington, DC. Bellingham and Whatcom County are vibrant places and are undergoing many changes. This is the greatest time ever to live in the Pacific Northwest and especially in Whatcom County.

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