Keller Williams Greater Seattle

Mortgage

Mortgage Rates Continue to Fluctuate

By on January 27, 2015 in Feature, Mortgage, Real Estate with 0 Comments
Mortgage Rates Continue to Fluctuate

The U.S. 30-year fixed rate mortgage interest rate continues to trend downward, making it more attractive to buyers and increasing their purchasing power.

Continue Reading »

FHA to Reduce Annual Mortgage Insurance Premiums

By on January 13, 2015 in Feature, Mortgage, Real Estate with 0 Comments
FHA to Reduce Annual Mortgage Insurance Premiums

FHA to reduce the annual mortgage insurance premium as of January 26, 2015.

Continue Reading »

3% Down Payment Conventional Condo Loans are Back

By on April 12, 2012 in Mortgage, Real Estate with 4 Comments
3% Down Payment Conventional Condo Loans are Back

Cobalt Mortgage, a local mortgage provider, is now offering a low 3% down payment conventional loan option for condo purchases.

Continue Reading »

FHA Increases Insurance Premiums Again Effective April 9, 2012

By on February 29, 2012 in Feature, Mortgage, Real Estate with 1 Comment
FHA Increases Insurance Premiums Again Effective April 9, 2012

Effective April 9, 2012 FHA will increase the upfront mortgage insurance premiums on FHA loans from 1.00% to 1.75%, raising the cost to borrowers.

Continue Reading »

Condos Becoming Elusive for FHA Buyers

By on January 28, 2012 in Feature, Mortgage, Real Estate with 2 Comments
Condos Becoming Elusive for FHA Buyers

The effect of FHA’s 2010 condo approval and recertification changes are leaving condo buyers with fewer options as associations overlook or neglect FHA certification.

Continue Reading »

Congress Reinstate Higher FHA Loan Limits

By on November 21, 2011 in Feature, Mortgage, Real Estate with 1 Comment
Congress Reinstate Higher FHA Loan Limits

On October 1, 2011 the increased loan limit for FHA Loans expired reducing the limit in the Seattle area from $567,500 to $506,000 for FHA back loans, potentially affecting upper-end purchases. Last week, FHA got a reprieve from Congress, which reinstated the higher loan limits in 42 states through 2013. For the Seattle/King County area…

Continue Reading »

Deadline Ticking for EHLP’s Forgivable Bridge Loan

Deadline Ticking for EHLP’s Forgivable Bridge Loan

The deadline for HUD’s Emergency Home Loan Program for at-risk homeowners facing foreclosure is coming up this Friday.

Continue Reading »

FHA and Conforming Loan Limits Expected to Reduce

By on July 6, 2011 in Feature, Mortgage, Real Estate with 2 Comments
FHA and Conforming Loan Limits Expected to Reduce

The FHA and conforming loan limits are expected to reduce by $61,500 effective October 1, 2011.

Continue Reading »

Historic Mortgage Interest Rates

By on May 16, 2011 in Feature, Mortgage, Real Estate with 1 Comment
Historic Mortgage Interest Rates

Mortgage interest rates are at a year-to-date low, the lowest in 20 years. Plus, Wells Fargo offers a 3% down no mortgage insurance program.

Continue Reading »

FHA Mortgage Insurance Premium Increases

By on March 13, 2011 in Feature, Mortgage, Real Estate with 2 Comments
FHA Mortgage Insurance Premium Increases

FHA’s monthly mortgage insurance premium rate will increase as of April 18, 2011 by 0.25%, which could increase monthly mortgage payments by as much as $100.

Continue Reading »

Top