Posts Tagged ‘mortgage’
Bellevue and Seattle Real Estate Mortgage Rate Watch 12/14/2010
Article by Seattle Real Estate Reel
Seattle and Bellevue Real Estate Mortgage Rate Watch 12/22/2010
Article by Seattle Real Estate Reel
Bellevue / Seattle Real Estate Mortgage Rate Watch: WATCH today’s VIDEO for great information!!! If you are SELLING your home or if you are BUYING a home, this is a must VIEW!Existing Home Sales for November came in at 4.68M, BETTER than expectations, OVER 4.43M in October. Superior news on inventory of unsold homes declined to a 9.5 month supply, again, DOWN from October’s 10.5 month supply. Sidelined buyers are coming back into the market as home prices might have bottomed but more important is the sudden rise in interest RATES.
Remember to view weekly on The Mortgage Reel dot com to review the latest seattle pacific rates against local lenders. If you compare how main local banks are offering higher interest rates, compute your initial and long term savings opportunities.
For the past four business days, the interest rates have either improved slightly or stabilized. This is the first time we have seen this positivity since November 4, 2010. If you are on the short this might be a large opportunity to lock in your rate. Make sure your lender always has an option for a free float down.
Fixed mortgage rates are sitting just below the average low fixed rate for the entire 2009 year. We are above the 2010 low but OVERALL historically well below the average.
Consider taking advantage of buying now because apiece .5% (half percent) change in mortgage rate is equivalent to a 5% change in price or real estate value. Depending on your real estate area or market, I do not see values or prices dropping another 5 or more percent. Specific areas yes, but metropolitan areas no. Continue to follow both the Seattle Mortgage Reel and Real Estate Reel. As we are Utilizing technology to wage instant live updates regular to our valued and future trusted clients. We value apiece and apiece mortal as we connect professionally and creating a new friendship!
About the Author
Assisting Seattle and Bellevue homeowners obtain a structured mortgage to financially benefit and compliment their real estate goals. With mortgage rates at historical lows, it is important to structure your financing goals now, for the long or short run to secure your financial savings.