Seattle Mortgage Reel Weekly Recap, February 13, 2009

by TheMortgageReel Team on February 14, 2009

in News driving rates UP or DOWN

The Stimulus Package has been voted a yes so far but the market has not really reacted yet. Mortgage rates have creeped up but all eyes remain on the Bad Bank policy. There still is a $7,500 tax credit to all first time home buyers (first time buyers defined as anyone who has not owned a home in the last three years). Currently the $15,000 tax credit has been pulled off the table.

More: Search all tags



{ 1 comment… read it below or add one }

Joe Hartman February 17, 2009 at 5:08 pm

Good info Keith. I think you are spot on in regards to the market and the importance of having a floor and ceiling in regards to mortgage rates. Also Excellent advise for everyone in regards to current volume levels and commitment letters.

Thanks

Joe Hartman

Reply

Leave a Comment

Previous post:

Next post: