finance: A good way to end the week…
- 03/29/19 03:48 PM
A good way to end the week….
On financials:
The Federal Reserve announced they may not make any more hikes of the Fed Funds rate for the next year. The Fed Funds rate is the short term, 1-day overnight loans that banks make to each other. The Fed’s overall strategy is to slowly raise these rates when the economy is growing, to prevent the economy from becoming overheated, and to try to keep the inflation rate from going above 2.00% annually. When the Federal Reserve announces they are increasing the Fed Funds rate, this signals to the market that the Fed is bullish … (2 comments)
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finance: 2016 Loan limits for Seattle, Tacoma and Olympia Washington
- 01/09/16 03:35 AM
That the 2016 Loan Limits have been updated for all programs.
Conventional and VA
For King, Pierce and Snohomish counties, the maximum loan amount is $540,500
For all other counties, the maximum loan amount is $417,000
FHA
King, Pierce and Snohomish counties, the maximum loan amount is $540,500
Thurston, the maximum loan amount is $293,250
Kitsap, the maximum loan amount is $307,050
For Lewis and Mason counties, the maximum loan amount is $271,050
(Data was supplied courtesy of George Lane with Guild Mortgage)
Thank you for reading my blog post! This post was researched and authored by Paul Henderson, © 2016, all rights reserved. All information is deemed reliable however it … (3 comments)
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finance: Why can't people, who strive to make their payment, get a little help?
- 08/07/12 03:48 PM
Do you have to give up your good credit to refinance your Home?
Two clients; going to two separate financial experts; the same answer.
Client A;
A fulltime schoolteacher with a master's degree... Bought home for $189,000, four years ago... Now appraises for $110,000... Financial advisor says they can't be of assistance unless they miss a payment. There are not any assistance programs for people with 700+ credit scores and good paying jobs.
Client B;
A divorced mother and fulltime real estate agent... Bought home for $275,000, five years ago, with ex husband Got 100% of the house and equity four … (3 comments)
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finance: What price, Convenience?
- 07/09/09 03:29 PM
I couldn't believe it!
I client, who I referred to a local mortgage lender, went to a online mortgage service and paid over two points more to refinance their home than if they would have gone with the local lender's good faith estimate.
When I asked why they told me they liked the convenience of dealing online. The lenders office is six blocks from where they work and they have to drive by the office to and from work. These are the same people who tried to beat me up on commission when I helped them sell a property. All … (7 comments)
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finance: Quick, before it's gone???
- 08/22/08 03:56 AM
I don't know about you but I have been receiving several Neimiah program offers as of late, trying to beat the deadline of October 1st. In my over 9 years in the business, I have only had 3 deals with the program and now, people are finding the program once more.
I also see, in our office, an abundance of FHA finance offers. Again I believe the increase in the required down payment to 3 ½% from the required 3% seems to be the stimuli for some much needed business.
Is this a nationwide trend?
Can the system handle the influx … (9 comments)
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A good way to end the week….
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