Seattle Home Mortgage Rates are holding close to the lowest levels yet. With signs of economic recovery (increased spending, increase in personal income), mortgage rates will be pressured to rise.
When the SEC filed fraud charges on Goldman Sachs, investors moved money from the stock market and into the bond market. Mortgage rates continue to hold at historic lows.
Seattle Mortgage Rates are higher as the Feds Purchase Program has ended. This week Treasury auctions total $82B. Most are long term maturities that will battle with Mortgage Back Securities so expect high volatility.
FHA financing is increasing the upfront mortgage insurance premium (UFMIP) from 1.75% to 2.25% starting April 5, 2010. If you are refinancing your home, this does include streamline refinances as well. Act Now!!
Seattle Home Mortgage Rates are slightly up from the previous week. Secure and lock in your interest rate now!! Forecast says rates are moving up soon!
Bank of America will start a new program on May to possibly reduce principal balances or interest rates. Depending on your current loan you must follow both the Obama loan modification program and Bank of America.
Interest rates are holding strong near the lowest levels from 2009 till now. As the Feds purchase program slowly ends, do not risk the opportunity of securing today. Investment property refinancing is hot! Ask us why!
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