Rain City Guide

From the WaPo:
Officials with the Treasury and the Federal Deposit Insurance Corp. are crafting a plan under which the government would guarantee the mortgages of as many as 3 million homeowners now struggling to avoid foreclosure, according to three sources familiar with the discussions.
Under the program being discussed, the lender would agree to reduce borrowers’ [...]

Mortgage rates continue to trend upwards like mummies crawling out of their graves.  (Sorry…bad reach. Booooo).  October has been terrible for rates!  The good news is that after today, it’s over!   Happy Halloween. 
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Conforming rates are averaging 0.125% higher than last week’s post and the temporary jumbo rates are 0.375% higher in rate.  Next [...]

Another sample of business ethics out the window
According to this Bloomberg story,  Eve Mazzarella, a high school drop-out and former maid from Seattle moved to Las Vegas and started a real estate career in the year 2000.   Evidently, she and her husband are now allegedly charged with fraud.  The story goes on to say that [...]

The curse of William Penn is officially lifted!  If anyone wasn’t sure about that, Joe Blanton’s home run was absolute proof, that Comcast’s putting William Penn up in the sky in June of 2007 was indeed the curse breaker!  No building for him yet, he’s up there on a beam until the building is complete [...]

The FOMC, during a scheduled meeting, elected to reduce the Fed Funds rate by 0.5% from 1.5% to 1.00%. Unless you have a HELOC that is floating (attached to the Prime Rate) this does not directly impact your mortgage interest rates. However, it will influence mortgage rates based on how traders [...]

Taco Bell Steal a Base Free Taco

America wins a free taco today, Tuesday October 28th,  from 2 p.m to 6 p.m.
As part of the Steal a Base; Steal a Taco promotion, anyone can go into a Taco Bell today between 2 p.m and 6 p.m and walk out with a free crunchy, seasoned beef taco.
Jason [...]

Boy, you’re going to think I’m the Scrooge…and this article may not apply to most of you…but I want to reach out to those of us who rely on our credit cards to help finance the holidays.  You see, years past it was not uncommon for home owners to get into the spirit and purchase [...]

This is the view of the sunset behind my TV as I’m watching the Phillies in the World Series tonight.

I just wrote this long comment on Jillayne’s post, and decided it needed to be a post of its own.  This loan mod returns the risk premium that was not effective at controlling risk.  It didn’t work…give it back. It also makes the lender partly responsible for approving short term income on a long term [...]

Recent King County pending sales continue to dip in price.  There seem to be more bargains in the single family home market than the condo market overall.  But that is starting to change.
In the condo market, of the 628 condo sales pending, only 283 have gone pending since the 1st of October, and the asking prices [...]