Saturday, April 3, 2010

Only 27 days left till tax credit runs out!

Only 27 days left to take advantage of one of two tax credits offered to qualified homebuyers. The first credit, $8,000, is available to first-time homebuyers. The second, $6,500, is available to current homeowners purchasing a new home. Buyers must been under contract with sellers by April 30th to qualify for the credit. Give me a call at 206-708-9800 and I can give you more details. But DON'T DELAY, because time is getting short!

Current mortgage loan rates

Here is your weekly update on mortgage loan rates, courtesy of Troy Chambers, loan officer for Arboretum Mortgage.

Up a Bit …

As of yesterday the government stopped buying “mortgage backed securities”. This has resulted in rates rising slightly, over the past 2 weeks as each lender prepared their pipeline for this change in policy. Surprisingly rates have not risen drastically, and there are still some very attractive rate possibilities available.  Now is the time to lock in on a purchase transaction, or to finally get around to that refinance that has been put on the back burner.

Please let me know if there is anything you need in regards to either mortgage services, or mortgage information, as I am always readily available. Please feel free to call my cell at 425-418-5103 at any time.

Troy Chambers

Arboretum Mortgage
Phone: 206-720-6628
Fax: 206-860-9340
Table of loan rates.