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Lynnwood, WA Real Estate News

By Chik Quintans, Seattle FHA Jumbo Mortgage, Pre Approval,FHA 203k,VA,USDA,Homepath
(TeamCQ - Atlas Mortgage A Division of Pinnacle Capital Group)
Since the Federal Reserve’s November 3 press release, in which our nation’s central banker committed $600 billion to bond markets, mortgage rates have leaped, moving quicker than the news can report them. This week is a terrific example of that. Today, newspaper headlines in Washington State and around the country read that mortgage rates rose 0.06% on average over the past 7 days, and that average loan fees remain unchanged at 0.8 points. The data is based on Freddie Mac’s Primary Mortgage Market Survey, a weekly poll of more than 100 lenders around the country. Unfortunately for Washington State home buyers and other local rate shoppers, the Freddie Mac figures are low. Both mortgage rates and fees rose by more than what’s being reported. Freddie Mac’s data is not real-time. It’s out...
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By Chik Quintans, Seattle FHA Jumbo Mortgage, Pre Approval,FHA 203k,VA,USDA,Homepath
(TeamCQ - Atlas Mortgage A Division of Pinnacle Capital Group)
Mortgage rates are rising, up nearly 1 percent since mid-October. Tomorrow, rates could rise again. The Bureau of Labor Statistics releases the November jobs report at 8:30 A.M. ET Friday. With a stronger-than-expected reading, mortgage rates should continue their climb, harming home affordability across Washington State and nationwide. And already, Wall Street is bracing for big results.  Here’s why. Wednesday, payroll processor ADP said that 98,000 private-sector jobs were created in November. The figure was a complete blowout reading as compared to analyst estimates, which had the results in the 50,000 range. But that wasn’t all. ADP re-measured and re-reported October’s gains, too. It found that 84,000 jobs were created — not the 43,000 on its original report from 30 days ago. If j...
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By Chik Quintans, Seattle FHA Jumbo Mortgage, Pre Approval,FHA 203k,VA,USDA,Homepath
(TeamCQ - Atlas Mortgage A Division of Pinnacle Capital Group)
After posting a strong September, the number of newly-built homes sold nationwide slipped in October. Total units sold on an annual basis dropped by 25,000 from September; supplies of new homes climbed 0.7 months. Home supply is back to its rolling, 6-month average of 8.6 months. Like everything else in real estate, however, the October’s New Home Sales results varied by location. For example, except for the South, each U.S. region posted a loss. In the South, there was a 3 percent gain. This is statistically significant because more new homes are sold in the South than in all other U.S. regions combined. In October, the South accounted for 58 percent of all homes sold. The dip in New Home Sales did not surprise Wall Street. New Home Sales is closely correlated to Housing Starts, and H...
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By Chik Quintans, Seattle FHA Jumbo Mortgage, Pre Approval,FHA 203k,VA,USDA,Homepath
(TeamCQ - Atlas Mortgage A Division of Pinnacle Capital Group)
In a holiday-shortened week on Wall Street, mortgage markets improved on 3 of 4 days, but still posted its fourth consecutive losing week. Unfortunately for rate shoppers and home buyers in Washington State , last week’s 3 days of gains were mild  improvements; the one day of deterioration was among the Top 10 worst days for mortgage bonds this year. Mortgage rates in Washington State are at their highest levels since mid-July. The Refi Boom is unwinding quickly. Last week underscores the importance of the global community to the future of the U.S. mortgage market. Two of the main reasons why mortgage rates increased were non-domestic. 1.Concerns for a full-blown North Korea/South Korea conflict lessened quickly 2.The likelihood of a speedy, $85 billion bailout Ireland increased The tw...
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By Chik Quintans, Seattle FHA Jumbo Mortgage, Pre Approval,FHA 203k,VA,USDA,Homepath
(TeamCQ - Atlas Mortgage A Division of Pinnacle Capital Group)
We are on the eve of Thanksgiving Day and……   I know what I’m thankful for…  The child who is not cleaning his room but watching his TV because that means he’s at home and not on the streets.    For the taxes that I pay because it means I’m employed.    For the mess to clean up after my party because it means I’m surrounded by loved ones.    For the clothes that fit a little too snug because it means that I have enough to eat.    For the lawn that needs to be mowed, the windows that need to be repaired and the gutters that need to be cleaned because it means that I have a home.    For all the complaints that I hear about the government because it means that I have freedom of speech.    For the parking spot that I find at the far end of the lot because it means that I’m capable of walki...
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By Chik Quintans, Seattle FHA Jumbo Mortgage, Pre Approval,FHA 203k,VA,USDA,Homepath
(TeamCQ - Atlas Mortgage A Division of Pinnacle Capital Group)
After two months of surging sales, home resales fell by 100,000 units last month to 4.4 million homes nationwide. October’s Existing Home Sales tally is slightly below the report’s 6-month rolling average, according to the National Association of REALTORS® — a time span which includes this year’s $8,000 federal home buyer tax credit’s tail end. Housing statistics have been wildly inconsistent during that period. For the future of Washington State housing markets, though, it’s encouraging that first-time and investment property buyers were both outnumbered by “move-up” buyers; buyers that have sold their respective homes in favor of larger ones. It’s the move-up buyers that power housing. In October, buyer profiles broke down as follows: 1First-time buyers : 32 percent of all buyers, un...
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  Bass guitar lessons, hone your style!!! Hi, I’m Eric Petersen, with over eleven years of musical experience I can help put your playing over the top. Are you interested in starting bass guitar? Or maybe you can play four notes and aren’t sure where to go from there? Or are you being asked to play over a Bbm7 chord but you don’t know what that means. I can take your bass playing to another level by introducing you to scales, modes, common patterns, and music theory. Bass playing is commonly approached from the wrong direction because players simply don’t think they need to know chords and scales but if you want to keep up and communicate with other musicians basic theory and scale work is essential. Learning to build the chords that the rest of your band is using can help you decide w...
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By Chik Quintans, Seattle FHA Jumbo Mortgage, Pre Approval,FHA 203k,VA,USDA,Homepath
(TeamCQ - Atlas Mortgage A Division of Pinnacle Capital Group)
Black Friday is 3 days away. It’s the official start of the 2010 Holiday Shopping Season. Sales are expected to top $111 billion this year and, already, businesses are vying for shoppers and their dollars. Newspaper circulars are getting larger, and in-store discounting is more prevalent. But one discount that shoppers should think twice about is the popular “Open A Charge Card, Save 20%” promotion. The short-term savings may be tempting, but the long-term costs may be huge. It’s because of how credit scores work. According to myFICO.com, “new credit” accounts for 85 out of 850 possible credit scoring points, with new credit defined by such traits as: 1Number of recently opened accounts 2Number of recent credit inquiries 3Time since recent credit inquiries 4Proportion of new accounts t...
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By Chik Quintans, Seattle FHA Jumbo Mortgage, Pre Approval,FHA 203k,VA,USDA,Homepath
(TeamCQ - Atlas Mortgage A Division of Pinnacle Capital Group)
Mortgage markets worsened last week as the U.S. dollar gave up ground in currency markets, and inflation concerns mounted. In response to the events, conforming mortgage rates in Washington State rose for the third straight week. Mortgage rates have now climbed by as much as half-percent since the start of the month, and Freddie Mac reports average loan fees to be higher, too. The 7-month rally in rates may be nearing its end. The 30-year fixed rate mortgage is at a 4-month high after reaching an all-time low just 3 weeks ago. The abrupt change in rates makes for an interesting study in expectations, and how they can influence a market. Remember, inflation is bad for mortgage rates. Inflation devalues the dollar which, as a consequence, devalues repayments made to mortgage bond holders...
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By Chik Quintans, Seattle FHA Jumbo Mortgage, Pre Approval,FHA 203k,VA,USDA,Homepath
(TeamCQ - Atlas Mortgage A Division of Pinnacle Capital Group)
Rock-bottom mortgage rates may be gone for good.  This week’s Freddie Mac Primary Mortgage Market Survey shows in numbers what Washington State rate shoppers have learned the hard way — mortgage rates are spiking. During the 7-day period ending November 18, the average 30-year, conforming fixed rate mortgagejumped to 4.39 percent, an increase of 0.22% from the week prior. And it’s not just rates that are soaring. The average number of points charged to consumers increased to 0.9 percent last week. For most of the year, that cost had been 0.7 percent. One “point” is equal to 1 percent of your loan size. With the sudden rise in mortgage rates, we have to question whether the Refi Boom is ending. Between April and early-November, conforming mortgage rates dropped more than a full percenta...
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By Chik Quintans, Seattle FHA Jumbo Mortgage, Pre Approval,FHA 203k,VA,USDA,Homepath
(TeamCQ - Atlas Mortgage A Division of Pinnacle Capital Group)
    Newspaper stories can be misleading sometimes — especially with respect to real estate. We saw a terrific example of this Wednesday. A “Housing Start” is a privately-owned home on which construction has started and, according to the Commerce Department’s October 2010 data, Housing Starts data dropped by nearly 12 percent as compared to September. The media jumped on the story, and its negative implications for the housing market overall. A sampling of the headlines included: 1Housing Starts Plunge: Market’s ‘Pulse is Faint’ (WSJ) 2Housing Starts Tumble (Reuters) 3Housing Starts Sink 11.7 Percent In October (NPR) Although factually correct, the headlines are misleading. Yes, Housing Starts fell sharply in October, but if we strip out the volatile “5 or more units” portion of the data...
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By Chik Quintans, Seattle FHA Jumbo Mortgage, Pre Approval,FHA 203k,VA,USDA,Homepath
(TeamCQ - Atlas Mortgage A Division of Pinnacle Capital Group)
Homebuilder confidence is higher for the third straight month this month. According to the National Association of Home Builders/Wells Fargo Housing Market Index, a combination of shrinking new home inventory plus higher-quality foot traffic is boosting builder optimism. November’s confidence reading of 16 is the highest since June 2010.The Housing Market Index is now above its 3-year trendline, too. The purpose of the Housing Market Index is to measure “the pulse of the single-family housing market”. The survey is sent to home builders in Washington State and around the country, asking them to report on their business. The survey is 3 questions: 1.How are market conditions today? 2.How do market conditions look 6 months from now? 3.How is the prospective traffic of new buyers for new ...
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By Chik Quintans, Seattle FHA Jumbo Mortgage, Pre Approval,FHA 203k,VA,USDA,Homepath
(TeamCQ - Atlas Mortgage A Division of Pinnacle Capital Group)
If consumer spending is a key to economic recovery, the nation is on its way. Monday, the Census Bureau released national Retail Sales figures for October and, for the second straight month, the data surged past expectation. Last month’s retail figures jumped 1.2 percent — the largest monthly jump since March — as total sales receipts climbed to a 2-year high. Consumer confidence is rising, too. Though still below the long-term trend, confidence in the future up-ticked in October. The current confidence reading is now double the low-point from February 2009. It’s no surprise that both Retail Sales and Consumer Confidence are higher. They correlate in a common-sense-type manner. When consumers are more confident in the economy, they’re more likely to spend their money. This, in turn, le...
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By Chik Quintans, Seattle FHA Jumbo Mortgage, Pre Approval,FHA 203k,VA,USDA,Homepath
(TeamCQ - Atlas Mortgage A Division of Pinnacle Capital Group)
  In a holiday-shortened trading week, mortgage markets tanked last week, casting doubt on whether the bond market’s 7-month bull run will continue. Fears of inflation caused conforming mortgage rates to rise in Washington State. Both this morning and last week marked the first sizable mortgage rate increase over the course of 7 days since April. In a holiday-shortened trading week, mortgage markets tanked last week, casting doubt on whether the bond market’s 7-month bull run will continue. Fears of inflation caused conforming mortgage rates to rise in Washington State. Both this morning and last week marked the first sizable mortgage rate increase over the course of 7 days since April. The biggest reason why rates are rising today and last week was because of concerns that the Federal...
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By Chik Quintans, Seattle FHA Jumbo Mortgage, Pre Approval,FHA 203k,VA,USDA,Homepath
(TeamCQ - Atlas Mortgage A Division of Pinnacle Capital Group)
  After 3 straight months of improvement, the Pending Home Sales Index slid lower in September. As compared to August, September’s reading fell 2 percent. A “pending home sale” is a home under contract to sell, but not yet closed. The data is drawn from a combination of local real estate associations and national brokers, and represents 20 percent of all purchase transactions in a given month. Because of the large sample set, and because 80 percent of homes under contract close within 60 days, the Pending Home Sales Index is a terrific future indicator for the housing market. A high correlation exists between the Pending Home Sales Index and the NAR’s monthly Existing Home Sales report issued two months hence. Expect home sales to idle into the New Year, therefore. For home buyers in W...
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By Joni Kerley
(CENTURY21 Real Estate Center)
Welcome to Lynnwood Wa the second largest city in Snohomish County and the largest "Retail" center.  Lynnwood is located just North of Seattle WA and South of Everett WA.  Above all its a "shoppers paradise" with well known Alderwood Mall with over 152 stores. Lynnwood also has a new wonderful Lynnwood Convention center located just off of I-5. If you would like more information about Lynnwood or other Lynnwood Real Estate please contact. Joni Kerley Century21 Real Estate Center 425-343-4545 or visit my blog at www.EverettAreaRealEstate.com       View Larger Map
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By Diana Young
(Staging Seattle, King & Snohomish Counties)
Last week we staged this partially vacant home near Alderwood Mall in Lynnwood.  The homeowners had just moved to a beautiful new custom home and left some furniture behind.  We used the existing furniture as part of our staging plan, but we also wanted the home to flow seemlessly, blending the style of the homeowner's items with the staging items we brought in.  Here are the results: Living room before staging:  Good start, but we need to add some color here. Living room after staging:  Dining  room before staging:  The large mirror suggested a more formal style.   Master bedroom before staging:  Master bedroom after staging:  We used the same color scheme in the bedding as we used throughout the entire house. Guest bedroom before staging: Guest bedroom staged: Breakfast nook and famil...
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By: Don Sieb Starlite Crest has announced a New Home Construction community located Snohomish County-Lynnwood, WA Starlite Crest is snuggled within a vibrant friendly community and is designed for homebuyers that want the conveniences and advantages of urban in-city lifestyles with space to enjoy outdoor activities.  With your own game court and the community park, activity and fitness is always just a few steps away.  Starlite Crest has fantastic shopping & dining opportunities at the nearby Alderwood Mall. Starlite Crest Offers 26 New Homes Starting at $299,950. This new home construction community offers 26 new home sites with homes starting at $299,950.  Starlite Crest homes are available with 3 and 4 bedroom floor plans and several choices of exterior elevations.  The first release...
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By Cooper Jacobs, Real Estate Brokers - Seattle
(Looking For A Seattle Realtor? COOPERJACOBS.COM)
Lynnwood real estate & first time home buyer credit:  As we come screeching into the finish line for buying a home that will help qualify you for the first time home buyer credit, Lynnwood real estate has been hopping.  Lynnwood home buyers who want to be able to close in time for the 11/30 closing deadline should plan on closing a couple weeks ahead at the very least to account for any potential delays. Underwriters and appraisers are backed up and processing of loans is taking longer. We are highly recommending that our Lynnwood home buyer clients get something under contract in the next week or two if they want to try and close in time for the first time homebuyer credit deadline. Contracts are taking at least 30 days with delays and under staffing.
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By Cooper Jacobs, Real Estate Brokers - Seattle
(Looking For A Seattle Realtor? COOPERJACOBS.COM)
Northwest Bead Society 21st Annual Bead Bazaar:  Lynnwood WA Wow - I have seen the flyers for this everywhere!  I even saw them on the Kingston-Edmonds Ferry!  It should be a great show with over 50 vendors there!  Here are some details, but make sure to check out their site, too.  Ther eis still time today to go check it out or plan the day for tomorrow.  Beautiful stuff! http://www.nwbeadsociety.org Lynnwood Bead Bazaar - where? Lynnwood Convention Center:  3711 195th St SW, Lynnwood, WA Sat & Sun  11Am - 5PM (Today and tomorrow!!!) Pay at the door - $5 for adults and 12 and under are $2.  They are asking for no strollers so babysitter or baby backpack might be better for this one. Look for demos and prizes and lots and lots of beads!
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