Mortgage Rates Recover
Mortgage Rates Recover : In keeping with the most recent theme of reacting to a balance of European news and developments in the US economy; Bellevue mortgage rates had a nice recovery this week. Just as most predicted, the drama out of Europe continues to cause concern. Spain is the country of interest right now [...]
Where Are Interest Rates Going in 2010?
No one knows for sure but most market analysts believe they will most likely be higher than 2009. Why is this important? For most home buyers, maximizing their purchase power is very important. Interest rates are the biggest factor that determine affordability outside of loan amount. The other reason rates are important is loan payment [...]
Zero Down Financing Still Available?
During the recent housing boom there were loan programs that fueled the rapid rise in home ownership. One of the main driving forces behind the boom was 100% financing. This financing made it possible for people to purchase a home with no money of their own committed to the transaction. The loan covered the purchase [...]
Financing Short Sale and Foreclosed Houses
It is a great time to purchase a home and, based on the big increase in activity, many people have come to that same conclusion. Home purchase activity has picked up significantly in 2009. In the Greater Seattle and King County area sales volume is up 14.3% since one year ago according the National Association [...]
New Foreclosure Prevention Program
When the Obama administration announced that it would try to prevent foreclosures by giving lenders the ability to modify loans, it was predicted to help support real estate values by keeping homeowners in their homes. It was said that as many as 3 million households would be eligible for loan modification. Fannie Mae extended invitations [...]
Housing Recovery Needed for Economic Recovery
Many economists have identified a recovery in the housing markets to be necessary before there is a significant recovery in the economy. Housing is the primary source of net worth for most households and a big part of every local economy. It is also vital to the health of banking institutions that depend on the [...]
