Applications for mortgages reached a 22-year low, as mortgage interest rates rose and the number of home sales fell, according to the Mortgage Bankers Association…
Mortgage rates dipped for the second week in a row, but applications for mortgages stayed flat and for refinanced loans dropped.“Currently, higher rates, low inventory,…
For the past two years we’ve seen amazing mortgage interest rates. Those rates are about to become a fond memory. The primary reason mortgage interest…
It’s been a brutal start to the year for mortgage interest rates. Overall, since the first trading day of 2022 the Mortgage Bond has lost…
In ECON, pricing is all about the substitutes. For example, Coca-Cola is going to have a hard time raising the price of a Coke if…
With a week over week increase in housing prices of five percent, Seattle is now close to its all-time high record Median List Price. According…
Due to the economics of scarcity, housing prices are soaring across Western Washington. That has many of us worried about the sustainability of our current…
That house you’ve always wanted just got a whole lot cheaper. Interest rates have tanked on fears over COVID-19 (coronavirus) as money flows out of…
The conventional conforming loan limit is going from $484,350 to $510,400, and the conforming high balance limit is going from $726,525 to $741,750. What does…
On October 1, 2019, the NWMLS became the first MLS in the nation to allow sellers to publish what they’re willing to pay a buyer’s…
Is the Puget Sound housing market currently at its bottom? Or do people think prices will fall further? Some things to consider for purposes of…
A small, but monumental change is going into effect on October 1, 2019: Real estate firms representing sellers will now be publishing the commission the…
The big news the past couple weeks was that the yield curve inverted. First of all, a normal yield curve looks like this: As you…
It’s been a long time coming, but mortgage interest rates have finally returned to their 2016 Election Day LOWS. Here’s the quick and dirty on…
As recently as 2018, just over 70% of listings in Seattle were experiencing multiple offers and bidding wars. This helped lead Seattle to the second-longest…
The general rule of thumb is that a balanced market is somewhere between 4 and 6 months of inventory. However, we all know every city…
Have you ever wondered about the difference between an FHA appraisal and a conventional appraisal? Here’s a case study for ya: We recently had a…