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Friday’s Rain City Rates
Conforming Mortgage Rates (loan amounts up to $417,000 for 1-unit properties). The conforming rate quote below is based on owner occupied with a mid-low credit score of 740 or higher, “full doc” purchase with a sales price of $500,000 and a loan amount of $400,000 single family dwelling (non condo). This scenario includes reserves... »
Friday’s Rates
The video was recorded this morning…we didn’t see as many rate sheets as we did yesterday. Rates over all have been fairly steady…in fact, Aubrey Cohen of the Seattle P-I wonders if mortgage rates found a floor at 4.5%. Happy Memorial Day. Conforming Mortgage Rates (loan amounts up to $417,000 for 1-unit properties). The conforming rate quote below... »
Friday Rate Update
Here’s a question for you… for conventional rates, which credit score bracket should I use for pricing: 740 and higher or 720-739? With exception to the FHA/VA rates, I’m currently using 720-739. If our readers would prefer 740 and higher, I’m happy to adjust my Friday Rate updates…just comment here and let me know... »
Last Mortgage Rate Update of 2008
Mortgage rates are essentially unchanged from what I posted here last week. We have a modest improvement for 30 year fixed conforming, which is barely back under 5% with 1 point. Lenders continue to price mortgages without attractive rebate causing scenarios priced with zero points or “no closing cost” to not pencil out. I’m... »
Mortgage Rates for Friday Afternoon
This morning’s Jobs Report was even worse than expected with 533,000 payroll jobs eliminated in November along with downside revisions to September and October’s report. Mortgage rates are much improved over the last rate post (pre-Thanksgiving) and slightly higer than yesterday when 30 year fixed rates dipped around 5%. This market is proof of why... »
Rain City Mortgage Rates
Just a reminder that next Thursday is Thanksgiving and banks will be closed. Our office will be closed until Monday, December 1, 2008. I hope everyone has a wonderful time surrounded with family and friends…who doesn’t need a long weekend?! I do like all the on this week’s rate post. ALERT: if you are... »
Just Tricks…No Treats for Friday’s Rates
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. * Conforming rates are averaging 0.125% higher than last week’s post and the temporary jumbo rates are 0.375% higher in rate. ... »
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