Seattle Mortgage http://www.themortgagereel.com Washington Mortgage News and Real Estate News Thu, 12 Nov 2009 17:06:55 +0000 http://wordpress.org/?v=2.7.1 en hourly 1 themortgagereelhttp://feedburner.google.com If your looking to secure inte… http://feedproxy.google.com/~r/themortgagereel/~3/Z4rowFDGTbk/ http://www.themortgagereel.com/if-your-looking-to-secure-inte/#comments Thu, 12 Nov 2009 17:06:55 +0000 TheMortgageReel Team http://www.themortgagereel.com/if-your-looking-to-secure-inte/ If your looking to secure interest rates today, watch closely today as rates can move up or down with the results

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Post from: The Mortgage Reel - Seattle's #1 Resource and advocates for Home Ownership - Covering Mortgage and Real Estate

If your looking to secure inte…

]]> http://www.themortgagereel.com/if-your-looking-to-secure-inte/feed/ http://www.themortgagereel.com/if-your-looking-to-secure-inte/ 11am treasury auctions take pl… http://feedproxy.google.com/~r/themortgagereel/~3/_gdXpNLiDD8/ http://www.themortgagereel.com/11am-treasury-auctions-take-pl/#comments Thu, 12 Nov 2009 17:06:13 +0000 TheMortgageReel Team http://www.themortgagereel.com/11am-treasury-auctions-take-pl/ 11am treasury auctions take place for $16B in 30 yr bonds. The results will play a huge impact on the Bond market!

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11am treasury auctions take pl…

]]> http://www.themortgagereel.com/11am-treasury-auctions-take-pl/feed/ http://www.themortgagereel.com/11am-treasury-auctions-take-pl/ Every week, half a million peo… http://feedproxy.google.com/~r/themortgagereel/~3/y0ZTVpt4An4/ http://www.themortgagereel.com/every-week-half-a-million-peo/#comments Thu, 12 Nov 2009 17:03:53 +0000 TheMortgageReel Team http://www.themortgagereel.com/every-week-half-a-million-peo/ Every week, half a million people are losing jobs. Such a huge number at this time of year and for the US economy.

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Post from: The Mortgage Reel - Seattle's #1 Resource and advocates for Home Ownership - Covering Mortgage and Real Estate

Every week, half a million peo…

]]> http://www.themortgagereel.com/every-week-half-a-million-peo/feed/ http://www.themortgagereel.com/every-week-half-a-million-peo/ By high demand we will be post… http://feedproxy.google.com/~r/themortgagereel/~3/yhFKHB_cQaE/ http://www.themortgagereel.com/by-high-demand-we-will-be-post/#comments Wed, 11 Nov 2009 22:33:26 +0000 TheMortgageReel Team http://www.themortgagereel.com/by-high-demand-we-will-be-post/ By high demand we will be posting weekly interest rates for Seattle buyers and owners. Follow us! first posting http://tinyurl.com/ygqyjz3

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By high demand we will be post…

]]> http://www.themortgagereel.com/by-high-demand-we-will-be-post/feed/ http://www.themortgagereel.com/by-high-demand-we-will-be-post/ Mortgage Rates for Seattle Real Estate November 9, 2009 http://feedproxy.google.com/~r/themortgagereel/~3/r1wuP2-Nikc/ http://www.themortgagereel.com/mortgage-rates-seattle-real-estate-november-9-2009/#comments Wed, 11 Nov 2009 21:48:23 +0000 TheMortgageReel Team http://www.themortgagereel.com/?p=2515  

Rates are updated weekly.  For live updates please request to follow “The Mortgage Reel“ on Twitter.

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Guidelines for each scenario click here

 

Scenario Based on Purchase Price of $400,000 with 20% down
1% Loan Fee (1% of the loan amount)  
Loan amounts up to $417,000    
   

 rate

 apr

  
30 Yr Fixed 

4.875%

5.007%

  
   

 

 

  
15 Yr Fixed  

4.250%

4.474%

  
   

 

 

  
7/1 ARM  5/2/5 CAPS

4.125%

3.853%

  
   

 

 

  
5/1 ARM 5/2/5 CAPS

3.750%

3.629%

  
   

 

 

  
3/1 ARM 5/2/5 CAPS

3.750%

3.580%

  

 

Super Conforming Scenario    
1% Loan Fee (1% of the loan amount)  
Loan amounts between $417,001 - $567,500 with the same guidelines
         
Scenario Based on Purchase Price of $600,000 with 20% down
   

 rate

 apr

  
30 Yr Fixed  

5.250%

5.374%

  
   

 

 

  
15 Yr Fixed  

4.375%

4.581%

  
   

 

 

  

 

Jumbo (Non-Conforming)      
1% Loan Fee (1% of the loan amount)    
Loan amounts between $567,501 - $999,999 with the same guidelines
           
Scenario Based on Purchase Price of $1,000,000 with 25% down  
   

 rate

 apr

    
30 Yr Fixed  

6.250%

6.369%

    
   

 

 

    
7/1 ARM  5/2/5 CAPS

5.125%

4.328%

    
   

 

 

    
5/1 ARM 5/2/5 CAPS

4.625%

3.930%

    
   

 

 

    

 

Scenario Based on Purchase Price of $400,000 with 20% down
1% Loan Fee (1% of the loan amount)  
Loan amounts up to $417,000    
   

 rate

 apr

  
30 Yr Fixed  

5.000%

5.647%

  
   

 

 

  
15 Yr Fixed  

4.500%

5.244%

  
   

 

 

  
FHA - High Balance      
1% Loan Fee (1% of the loan amount)  
Loan amounts between $417,001 - $567,500 with the same guidelines
         
Scenario Based on Purchase Price of $600,000 with 20% down
   

 rate

 apr

  
30 Yr Fixed  

5.000%

5.642%

  
   

 

 

  
         
         
Prime Rate  

3.25%

    

 

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Post from: The Mortgage Reel - Seattle's #1 Resource and advocates for Home Ownership - Covering Mortgage and Real Estate

Mortgage Rates for Seattle Real Estate November 9, 2009

]]> http://www.themortgagereel.com/mortgage-rates-seattle-real-estate-november-9-2009/feed/ http://www.themortgagereel.com/mortgage-rates-seattle-real-estate-november-9-2009/ Home sales rise in Q3 for Wash… http://feedproxy.google.com/~r/themortgagereel/~3/10f1KRY3ZJM/ http://www.themortgagereel.com/home-sales-rise-in-q3-for-wash/#comments Wed, 11 Nov 2009 17:03:10 +0000 TheMortgageReel Team http://www.themortgagereel.com/home-sales-rise-in-q3-for-wash/ Home sales rise in Q3 for Washington State. First time home buyer tax credit expiration spiked numbers. Let the tax credit keep it going

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Home sales rise in Q3 for Wash…

]]> http://www.themortgagereel.com/home-sales-rise-in-q3-for-wash/feed/ http://www.themortgagereel.com/home-sales-rise-in-q3-for-wash/ Home Sales in Washington State rise in Q3 2009 http://feedproxy.google.com/~r/themortgagereel/~3/EmnZKq82Zck/ http://www.themortgagereel.com/home-sales-washington-state-rise-q3-2009/#comments Wed, 11 Nov 2009 17:01:51 +0000 TheMortgageReel Team http://www.themortgagereel.com/?p=2508 by Associated Press 
Posted on November 10, 2009 at 12:53 PM

SPOKANE, Wash. — The number of existing homes sold in Washington increased in the third quarter compared with the previous three months, the Washington Center for Real Estate Research reported Tuesday.

The federal first-time homebuyer tax credit helped sales increase 15.6 percent, according to the center at Washington State University. Sales also were 2.6 percent higher than a year ago, the center said.

It was the first year-to-year improvement in sales since the fourth quarter of 2005.

But the median home price during the July-September period was $260,000, which was 7.6 percent less than a year ago.
“It must be noted that this represents a continued slowing in the rate of decline in prices,” said center director Glenn Crellin.

The median price was also held lower because the most active segment of the market was first-time buyers seeking the most affordable homes, he said.

A special study by the center found that about half the home sales in the state during the April-June quarter were to buyers claiming the tax credit, Crellin said. Last week’s decision to extend the federal program should help the housing recovery, he said.

Median prices ranged from a high of $515,000 in San Juan County to a low of $125,000 in Adams County.

There were just over 49,000 homes listed for sale with multiple listing services at the end of September, 14.3 percent fewer than a year ago. This was the smallest September inventory since 2006.

While median prices declined, mortgage interest rates increased during the quarter, leaving affordability basically unchanged. The housing affordability index statewide stood at 122.8, meaning the median income family had 22.8 percent more income than the minimum required to qualify to purchase a median price home with a 20 percent down payment and a 30-year mortgage.

WCRER has produced home sales statistics in partnership with Washington Realtors since 1994.

From:  http://www.king5.com/news/business/Home-sales-in-Washington-state-rise-in-3rd-quarter-69685212.html

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Home Sales in Washington State rise in Q3 2009

]]> http://www.themortgagereel.com/home-sales-washington-state-rise-q3-2009/feed/ http://www.themortgagereel.com/home-sales-washington-state-rise-q3-2009/ Opportunity to secure yesterda… http://feedproxy.google.com/~r/themortgagereel/~3/Cc76yzDn7W4/ http://www.themortgagereel.com/opportunity-to-secure-yesterda/#comments Wed, 11 Nov 2009 16:49:11 +0000 TheMortgageReel Team http://www.themortgagereel.com/opportunity-to-secure-yesterda/ Opportunity to secure yesterday’s great interest rates today!!

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Opportunity to secure yesterda…

]]> http://www.themortgagereel.com/opportunity-to-secure-yesterda/feed/ http://www.themortgagereel.com/opportunity-to-secure-yesterda/ Seattles unemployment can fill… http://feedproxy.google.com/~r/themortgagereel/~3/yJ7GNLUWYw8/ http://www.themortgagereel.com/seattles-unemployment-can-fill/#comments Wed, 11 Nov 2009 16:39:04 +0000 TheMortgageReel Team http://www.themortgagereel.com/seattles-unemployment-can-fill/ Seattles unemployment can fill Qwest field 3 times!! Washington received the most money to save and create new jobs, let the recovery begin

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Seattles unemployment can fill…

]]> http://www.themortgagereel.com/seattles-unemployment-can-fill/feed/ http://www.themortgagereel.com/seattles-unemployment-can-fill/ working towards the release of… http://feedproxy.google.com/~r/themortgagereel/~3/ipwSL-aSlNo/ http://www.themortgagereel.com/working-towards-the-release-of/#comments Tue, 10 Nov 2009 18:50:53 +0000 TheMortgageReel Team http://www.themortgagereel.com/working-towards-the-release-of/ working towards the release of the new look for the website. Also assisting relo’s with opportunities in the Seattle Real Estate Market

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working towards the release of…

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