FHA financing to increase the upfront mortgage insurance premium from 1.75% to 2.25% starting April 5, 2010. Monthly mortgage insurance remains as is for now.
Seattle Mortgage Rates are up slightly from the previous week. The positive economic news kicked started the stock market, taking away from mortgage bonds last week.
Mortgage rates have improved slightly from last week. Heavy economic news is released this week such as “personal income & spending, pending home sales, jobs report, and unemployment.” Pay close attention if you need to secure a rate!
FHA Streamline 203K home loan is becoming popular in today’s real estate market. Up to $35,000 in upgrades can be used for exterior and interior updates!
With the Feds purchase program ending in March, the Fed may start to sell their MBS. Turning into a seller is a huge sign of mortgage rates worsening. Act now!
Mortgage Rates remain the same after a volatile week. The Feds announced no extension to the purchase program which will lead to increased mortgage rates!
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