Seattle Mortgage Rates

Seattle Mortgage Rates and Loans

Category: Mortgage Interest Rates

Even The Seemingly Good Ones Are a MESS...

Top Ranked Wholesaler AmTrust Seized, Sold To N.Y. Community December 7, 2009 AmTrust Bank of Cleveland, which until recently was the nation's third largest residential wholesaler, was seized by the government late Friday with a majority of its assets sold to New York Community Bank,...

Key Economist Says Housing Market Has Hit Bottom

Key Economist Says Housing Market Has Hit Bottom Detecting a change in attitude among both buyers and sellers — not to mention what is now a three-month increase in the benchmark price indices that bear his name — economist Karl Case believes the housing market has hit bottom....

Reduced Documentation Loans With Safeguards Must Return

It's a shame that lenders blew it with reduced documentation loans. Reduced documentation loans are a necessity for people that may require flexibility in their loan verfication process. The term reduced doc is a general concept that applies to financial strength verification items such as:...

Homeownership Rate Levels Off

Homeownership Rate Levels Off The homeownership rate seems to be leveling off at 67.4% after falling for close to a year, and the number of vacant homes for sale has dropped by 14% since the start of this year. The Census Bureau reported that the number of vacant...

Seattle Mortgage: Understanding Appraisals

An appraisal is a expanded report of the value of your property based on a number of factors. If you purchase a new home or refinancing a home, you will need to order an appraisal. A broker will handle this for you, but you will still have to pay before its done....

Home Valuations Slow and Consumer Confidence Jumps

Pace of Decline in U.S. Home Prices Slows in February... The S&P Case-Shiller home price index fell less than expected in February, although 10 of 20 metro areas still showed record rates of decline. The S&P Case-Shiller Home Price Index fell to a reading of 143.17 in February....

Finally, California Sees a Leveling off of Home Prices

The median price paid for a Southern California house is down 35.1 percent compared to March 2008 and over 50 percent from its peak of $505,000 in 2007. Median home prices are now $250,000. Wow, talk about a new world. California finally affordable? Hard to believe that lala land is coming...

Seattle Mortgage: FHFA Says Home Prices Rise Nationally in January

Home prices rise in January. Home prices rise in January. Home prices rise in January. Feels so good I had to say it a few times. U.S. home prices climbed 1.7% on a seasonally adjusted basis from December to January per Federal Housing Finance Agency’s monthly Housing Price...

Seattle Mortgage: Calculating Income to Qualify for a Mortgage

A borrower submitted an email to us a few days ago regarding usable income. Her mortgage lender was giving her some parameters which didn't make sense to her. This borrower had a roommate which was paying her $800 a month to rent a room. The borrower wanted to purchase a larger house and...

Cities Near Seattle

Seattle Medina Clyde Hill Shoreline Mercer Island Burien Lake Forest Park Seahurst Mountlake Terrace Edmonds Kirkland Normandy Park Bellevue Tukwila...