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Uncategorized How Does A Rise In Interest Rates Impact Your Buying Power?
Uncategorized Don’t have enough $ for a down payment? In case you haven't heard…     Great news for buyers…The zero down loan (USDA -rural development) that many buyers qualify for and are using to purchase has been extended in the Lynden area for eligibility until at least Sept 30, 2014.
Uncategorized 30 yr conventional rate possibly headed to 5.5% As you may have heard, the Federal Open Market Committee and Federal Reserve Chairman Ben Bernanke announced a change to their current bond buying program today.  Prior to this announcement the FED had been purchasing $85 Billion worth of US Treasuries and Mortgage Backed Securities every month.  The announcement today indicates a reduction or “taper” […]
Uncategorized Winterizing your home
Uncategorized Hot real estate market in Whatcom County except for Lynden Well the good news is that for most of Whatcom County, property owners are seeing home values increase and more homes sold than a year ago. Overall the county is realizing an average sales price of 3.5% higher than last year and 15% more homes sold than a year ago. But that's not true for all cities/towns […]
Uncategorized Soles for kids
Uncategorized What are my odds? Want to know what your odds are of selling your home in Whatcom County? Want to know what your odds are if using Windermere Real Estate? Click here to find out: Odds of Selling Home Aug2013
Uncategorized Current mortgage rates Today’s Rates are:   30 Yr Fixed 4.375 no points   15 Yr Fixed 3.375 no points  Jumbo 30 Yr Fixed (25%down) 4.875 no points   FHA/VA 3.875 .625 points  Investment 30 Yr Fixed (25%down) 4.875 .25 points
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Uncategorized Until Mortgage Rates Hit 10.5%, Buying a Home Will Still Be Cheaper Below is an interesting article recently posted on Forbes.com regarding purchasing being cheaper than renting. Until Mortgage Rates Hit 10.5%, Buying a Home Will Still Be Cheaper Than Renting By Jed Kolko, Trulia Chief Economist | 6.14.13 The recent rise in   mortgage rates has made buying a house a little more expensive: the increase […]
Uncategorized Should we list now or wait a couple years? Watch the video on YouTube here
Uncategorized Possible changes coming to foreclosures Going through a short sale or foreclosure or know somebody who is? Trying to buy a foreclosed home? The unofficial word on the street is get it closed before the end of the year. The Mortgage Forgiveness Debt Relief Act is not expected to be extended again. This means the deficiency in what you owe […]
Uncategorized Mortgage rates on the rise The difference in monthly payment (p&i) on a $200,000 mortgage if rates go from 3.4% to 4.4% is $114.56 per month. The Mortgage brokers association, Freddie Mac predicts rates will be at 4.4% by the end of 2013. Take $114.56x 30 years and you're looking at  paying $41,241.60 more for the same house if rates go […]
Uncategorized Changes coming to FHA buyers Effective April 1 there are some changes coming in the lending world that could impact you if you plan to use an FHA loan to purchase a new home. The cost of mortgage insurance is expected to go up and they will be decreasing the maximum debt ratio. What this means is that if you are […]
Uncategorized Who’s buying? First-time homebuyers represent 39% of the people buying homes right now.   The median age of first-time buyers is 31 years old. 55%  are married 11%  are single males 19%  are single females 15%  are unmarried couples
Uncategorized Homes for sale…are there any left? The trend continues! Whatcom County is now down to 979 current homes on the market. That’s 16.8% less inventory than the same quarter last year. The number of pending homes is up 27.7% and sold homes are up 23% compared to the same time last year. The shortage of inventory across the county should begin […]
Uncategorized What are interest rates up to? Rates on 30-year fixed-rate mortgages averaged 3.34 percent with an average 0.7 point for the week ending Jan. 3, down from 3.35 percent last week and 3.91 percent a year ago, Freddie Mac said in releasing the results of its latest Primary Mortgage Market Survey. Rates on 30-year fixed-rate loans hit a low in Freddie […]
Uncategorized How has the fiscal cliff effected short sales? One of the more watched provisions of the fiscal cliff was the Mortgage Forgiveness Debt Relief Act of 2007, which was set to expire on Dec. 31. The fiscal cliff deal extends it for another year, meaning homeowners who experience a debt reduction through mortgage principal forgiveness or a short sale are exempt from being […]
Uncategorized Investing-Real estate vs Stocks Have you been watching the stock market lately? Yikes! How much has it gone down since the election?  Wondering where to invest your money? Financial Return When measuring financial return alone, real estate has fared far better than the stock market in recent years. Between 2000 and 2011, real estate provided an average Return On Investment […]
Uncategorized Inventory is still dropping! Here are the numbers: Whatcom County…a closer look Last year we had 1,429 homes on the market in all of Whatcom County compared to 1,186 this year at the same time. That’s a 17% decline in inventory. Even with lower inventory homes continue to be selling much faster than less year. During the month of […]
Uncategorized Lowest inventory in Lynden in over 5 years! I was talking with some colleagues in my office how difficult it has been to find a suitable home for the buyers we are working with. We can't find anything. I sensed inventory is dropping but never took the time to find out just how much. Using Trendgraphics a 3rd party site that has all […]
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