Archive for February, 2008
30 Year Fixed over 6%
There was a time when mortgage rates were…oh, yawn…pretty darn boring. Not any more. Oh the drama, the turbulence, the emotion!
Dan Green of The Mortgage Reports has an excellent post including some comic relief video explaining How Mortgage Rates Went From (Relative) Riches to Rags in 30 Days.
Dan’s post is a [...]
Posted: February 20th, 2008 under General Real Estate, Mortgage and Lending.
Tags: dan-green, intraday-rate-changes, mortgage-rates
Comments: 19
Yikes, that was close. Or, was it? Convicted felon making loans.
Man convicted as being a key player of “swindling” $50 Million likely to begin serving 15 yrs. in prison and reportedly has been selling “reverse mortgages” to senior citizens while waiting for date to report to prison.
Evidently, The Washington State Dept. of Financial Institutions (DFI) denied his loan originator license on Dec. 17th of last [...]
Posted: February 19th, 2008 under General Real Estate.
Tags: business-ethics, Legacy-Escrow-Service, Lending-Fraud
Comments: 31
Sunday Night Stats - King County
Before I calculate the stats for this week, I’d like to take a minute to explain why I am being this tedious. Week to week stats calculate momentum of the market. Will new inventory grow faster than properties are going into escrow? So far only one week showed a slight decline in [...]
Posted: February 17th, 2008 under General Real Estate.
Tags: Sunday-Night-Stats
Comments: 111
It’s coming….SPRING (!) and The Northwest Flower & Garden Show….
Okay, are you tired of the cold, the gray, and the rain…are you ready for SPRING yet?
I am, so I’m off to see the flowers, gardens and “stuff” at our spectacular Northwest Flower & Garden Show !
The show is this week, February 20th to the 24th at the Washington State Convention Center in Downtown Seattle, [...]
Posted: February 17th, 2008 under General Real Estate.
Tags: Gardens, Northwest-Flower-&-Garden-Show
Comments: 7
Get Ready to Sell with ARDELL - Part 1
So you are thinking you are going to put your house on market in “The Spring”. Well, me too. So let’s do this together, step by step.
1) Set Your List Price.
You will check that again when it is time to list the home, but you can’t start getting the home ready to [...]
Posted: February 15th, 2008 under General Real Estate.
Comments: 43
Mortgage rates heading up
Mortgage rates continue their trend upward and they don’t look like they’re coming back down soon. This market is still very volatile and as I always, I encourage you to lock and not float your interest rates if you a closing within the next 4-6 weeks. If you’re hunkering for more [...]
Posted: February 15th, 2008 under Mortgage and Lending.
Tags: ARM, conforming, FHA, fixed, hud, interest-only, interest-rates, jumbo, mortgage-rates, nonconforming, va
Comments: none
Heartbreaking atrocities leave us barren
Shock and disbelief overwhelm me and likely you too - and at this point I’m extremely glad I’m not going to work tomorrow. While I plan to finally secure my state residency and volunteer a bit, I almost want to take the day just to recover from all the emotional pangs that paralyze me when [...]
Posted: February 14th, 2008 under General Real Estate.
Tags: conforming-loan-limits
Comments: 8
Landlord 101 class offered February 26th by RHA
An excellent class that is offered through the Rental Housing Association is coming up soon. Tamara Simon of Koss Property Management has a been a long time owner of her own business and well respected colleague in the real estate industry and a professional that we’ve referred many a client to for help with [...]
Posted: February 14th, 2008 under General Real Estate.
Tags: professionals, property, Rental, rentals
Comments: none
Robbie, the Jedi Knight, accepts a position with the Rebel Alliance
A huge congratulations goes out to Robbie! He has been an extremely valuable member of the RCG community and I only hope we can keep him interested in real estate (especially since he runs the backend of my wife’s MLS search site!).
Posted: February 13th, 2008 under General Real Estate.
Tags: Microsoft, positions, rcg, search
Comments: 9
Seattle Sun
In between the thick gray clouds, and just before dark, my home office turned bright orange and I saw the sun saying goodbye, playing hide and seek in the tree.
Posted: February 12th, 2008 under General Real Estate.
Comments: 12
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