Seattle Condo Blog and Community Information

Seattle condo buyers don’t get too excited yet, because even though the fed cut the rates it does not mean the mortgage rates will go down the same amount to buy that Seattle condo.  Investors don’t want to get locked into long term investments with low interest rates if we have high inflation. Despite a reduction of 2.25 points since September in interest rates we have seen little fluctuation in l Continue Reading »

Spring is approaching for Seattle condo buyers and its seems as though more first time buyers are starting to search for Seattle condos.  Tracking how many buyers are requesting showing appointments is a good metric to see which way the Seattle market is heading.  In my opinion buyers who were waiting for long term interest rates to come down drastically don’t see this happening and realize we have some of the lowest rates since 1983.  With the dollar declining versus other currencies you have to ask yourself Continue Reading »

The Department of Housing and Urban Development released loan limits for the Seattle and surrounding areas today.  That makes the new FHA, Fannie Mae and Freddie Mac loan limit $567,500 (125% of the median home price). This is part of the economic stimulus package signed by President Bush earlier at the end of Feb this year. The bill currently increases the home loan limits and ends December of 2008.

 The loan limit for other dwellings in the areea are as follows: Continue Reading »

The senate decided to hold up a bill to increase mortgage - ——————