Seattle's Single Minded REALTOR®: Current loan rates

Friday, October 10, 2008

Current loan rates

Troy Chambers, loan officer for Arboretum Mortgage, offers this synopsis of loan rate activity for the week just ending:

Not a Good Week…
This has not been a good week for interest rates. Rates that I quoted on Monday and Tuesday are now undeliverable. Not only are stocks selling off … bonds are down as well. This is not making for a solid mortgage rate market. I truly believe this is a little burp in the interest rates, and before too long they will come back down. Please let me know if you have any questions, or any concerns. I am available at all times on my cell phone at 425-418-5103.

Thanks!

Troy Chambers
Arboretum Mortgage
Phone: 206-720-6628
Fax: 206-860-9340
troy@arboretummortgage.com

Click here to see a table of loan programs and rates.

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Savvy Seattle Women: A Homeowners' Network

Real Estate and the Single Adult

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How's the Market?

What have you heard about the real estate market in the news recently? Seems as if there's a new alarm bell rung every day, doesn't it? How do you know what to believe? How do you learn to read between the lines?

Following are a few general guidelines to help you interpret what you hear/read about real estate in the media.

1) Sensationalism sells: Real Estate is a topic that interests a wide segment of the population. It is a reporter’s job to focus on whichever angle will grab reader attention.

2) There is no such thing as a national real estate market: Although it can be helpful to report on national and regional trends, with rare exception, the relative health of a real estate market is affected more by LOCAL events than by national events. Markets differ significantly from city to city and even neighborhood to neighborhood.

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Friday, October 10, 2008

Current loan rates

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