Washington State Mortgage Rates This Week : May 9, 2011

Mortgage markets improved last week on a bevy of economic and geopolitical news. Conforming mortgage rates in Gig Harbor improved, falling to their lowest levels of 2011. It’s a welcome development for home buyers and rate shoppers nationwide. Mortgage rates were expected to rise throughout most of...

Foreclosures And Short Sales Distorting “Home Price Trackers”

In an echo of February’s Case-Shiller Index report, the government’s own home price-tracker — the Home Price Index — showed home values slipping between January and February 2011. The Federal Home Finance Agency data had home values down 1.6 percent nationwide in February,...

Job Growth Returning To “Normal” Levels — A Bad Sign For Mortgage Rates

Be prepared for Friday morning. Mortgage rates and home affordability could worsen quickly. At 8:30 AM ET, the Bureau of Labor Statistics releases its April Non-Farm Payrolls report and momentum has been strong. The monthly jobs report is a market-mover and analysts expect that 196,000 new jobs...

How To Screen For A Good Home Contractor

Home remodeling projects are expected to top $130 blllion this quarter, their highest total since Q1 2008. A likely catalyst is that the average cost of a home improvement project is falling fast. With the economy loosening up and contractor costs on a downswing, some in Gig Harbor homeowners are...

Washington State HomePath Buyer Incentive Offer

There’s great news from Fannie Mae: Buyers may be eligible to receive up to 3.5% in closing cost assistance through June 30, 2011 as part of the HomePath buyer incentive. To be eligible for this incentive, the following qualifications must be met: Buyers and/or selling agents must request the ...

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