Archive for the ‘Mortgage’ Category

Lending Disclosure Changes

Posted: October 15th, 2015 by Brad

New mortgage disclosure rules took effect October 3, and lenders and real estate brokerages are quickly preparing for what has been predicted to be big changes to home closings, according to a report published on mynorthwest.com. New lender forms will merge the HUD-1 Settlement Statement, the Good Faith Estimate, and the Truth-in-Lending disclosure form into [...]

Posted In: Blog, Mortgage

Happy 2015! Market Predictions

Posted: January 14th, 2015 by Brad

We’re optimistic it will be a happy new year. The economy continues to pick up steam as the job market strengthens and oil prices plummet. Of course the only constant is change and our market is dynamic. The following are our predictions for the year ahead for our regional real estate market: 1) Foreclosures – [...]

New Year Predictions

Posted: January 8th, 2014 by Brad

No doubt 2013, the “low inventory” year, proved robust for our rebounding real estate market. Record low interest rates motivated buyers, increased sales activity and drove values up by 12 percent throughout the region. As for what this year has in store for our market, here’s what we predict: 1. Inventory Should Gradually Stabilize and [...]

Seller’s Market Fierce, Rising Rates Add Fury

Posted: June 28th, 2013 by Brad

Well-priced homes continue to draw multiple offers and sell at a brisk pace around Western Washington as buyers react to increases in interest rates and asking prices. Inventory showed signs of improving with the addition of 11,445 new listings during May, the highest number since April 2010. May’s total outgained the year-ago figure of 9,861 [...]

Predictions for 2013

Posted: January 15th, 2013 by Brad

We forecast at the beginning of last year our housing market would continue its recovery, and that 2012 would be a good year for real estate: http://justrealseattle.com/2012/01/predictions-for-2012/ While we didn’t go out on a limb to predict price increases, we certainly alluded to the possibility. We are seeing steady price increases (or the amount of [...]

Home as Investment

Posted: May 3rd, 2012 by Brad

It’s often said homeownership is the American dream and the safest place to invest one’s earnings. No doubt, owning real estate for most is the single greatest purchase endeavor they’ll undertake in their lifetime.   Whether real estate is a good investment depends primarily on one variable factor; time. Many homeowners were injured by the [...]

Lending News

Posted: March 7th, 2012 by Brad

Tax Benefits on a Refinance – Did you refinance last year? Be sure to make the most of it: http://www.smartmoney.com/taxes/income/the-tax-benefits-of-refinancing-1329845305909/?link=SM_hp_featStory FHA Loan Expense Increase – It’s official, the Federal Housing Administration (FHA), which insures loans, will be increasing costs by an estimated 57 percent: http://justrealseattle.com/2012/02/fha-premium-increase/ Obama Cuts Costs for Some Loans – For those considering [...]

Why Mortgage Interest Really Matters

Posted: October 5th, 2011 by Just Real Seattle

Home mortgage interest rates have hit record lows this year. A one point (1%) reduction in mortgage interest rate can shave 10 percent off a home’s cost. The following two example scenarios show approximately the same monthly payment but with a $50,000 difference in buying power: 4.75% rate for $500,000 value = $2,600 monthly payment [...]

U.S. Credit Downgrade, Rates Dip

Posted: August 10th, 2011 by Just Real Seattle

While the long term impact of the U.S. credit downgrade from AAA to AA+ rating is unclear at best, the immediate outcome was quite favorable to mortgage lending. Interest rates fell yesterday to their lowest levels this year or 3.88% for a 30-year fixed rate FHA mortgage. The credit rating agency Standard and Poor’s (S&P) downgraded mortgage finance [...]

Freedom to purchase – Buying a home with little capital or no capital gains

Posted: July 6th, 2011 by Just Real Seattle

In the spirit of freedom this July, the following are a few financing options, requiring little (or no) money down as well as one that sidesteps captial gains: House Key Plus – House Key is a program provided by the Washington State Housing Finance Commission. The commission’s purpose is to help low-to-moderate income individuals and [...]

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