Seattle Market Update There is a clear lack of consumer confidence evident in the real estate market. January is always a little slow but we saw slower activity in the market than usual last month. Seattle Area home prices are still dropping but for most Seattleites that still means homes are out of reach.Continue reading “Brooks & Heinze Seattle Real Estate Team – February 2019 Newsletter”
Category Archives: interest rates
Mortgage Interest Rate Myths
The following blog entry is a guest contribution by Virginia Lawson of Cobalt Mortgage in Kirkland, WA. This may come as a shock to many borrowers, but it’s absolutely true. Mortgage interest rates are not set by the Federal Reserve and, contrary to popular belief, mortgage rates are not directly tied to the yields ofContinue reading “Mortgage Interest Rate Myths”
Smart Homebuyers are focusing on taking advantage of favorable rates along with the Tax Credit
Smart home buyers are focusing on taking advantage of the present, very favorable rate situation along with the still available tax credit. Rates are likely to go up: Please note that the main reason interest rates are so low is because the government is buying mortgage backed securities, or you may have heard the termContinue reading “Smart Homebuyers are focusing on taking advantage of favorable rates along with the Tax Credit”
Know how interest rates affect your buying power and payments
Know how interest rates affect your payment. The interest rate on a loan is used to calculate your monthly payment. The higher the interest rate, the higher your monthly payment. The lower the interest rate, the lower your monthly payment. Simple? Yes, but abstract until you see it applied to your loan. When interest ratesContinue reading “Know how interest rates affect your buying power and payments”
Kerstin G. Brooks, Broker 