Current mortgage loan rates

Although mortgage rates have gone up slightly they are still very very good at 5%. Call your favorite lender today to see if you qualify.

Troy Chambers, loan officer at Arboretum Mortgage, kindly supplies the information I post here each week. Here is his contact info:

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

Here is a current table of loan rates

Interest Rates & Home Prices -- video

Which is more important, a low mortgage rate or a low home price? Here's a fun little YouTube video that may answer that question for you.

Home Loan Rates Remain Low

Interest rates for 30-yr. conventional loans have dipped even lower in recent days. There's no guarantee how long they will stay at these historically low levels, of course, and it's easy to get lulled into believing that they will.

If you are thinking of buying a home, it doesn't get any better than this.

Here is a recap of loan rate activity from loan officer Troy Chambers, of Arboretum Mortgage.

"Once again, we see a rate sheet with the 30 year fixed under 5%. We are actually threatening
4.625%! Please let me know if you know of anyone who is in need of a refinance or new home
purchase financing. I will be available all weekend, so please feel free to call my cell phone at
any time. The number is 425-418-5103."

If you qualify as a first-time homebuyer (meaning you haven't owned a home for at least 3 years)and earn less than $75K/year ($150K for married couples), there's still time to buy a home and claim the $8K tax credit. BUT time IS getting short!

Want/need more info? Call me now! 206-708-9800

Huge Price Reduction on Alki Duplex!

Was $399,900, now just $349,000! 1926 Spanish-Style duplex one block from Alki Beach and Whale Tail Park. I will be holding this charmer open on Sunday from 1-4PM, so stop by and take a look. The address is 2626 Marine Av SW. MLS# 29094087 There's still time (but not much) to qualify for the $8K tax credit. This may be just the property for you!

Which Cities Will See Biggest Real Estate Rebound?

Reprinted from Daily Real Estate News October 2, 2009

Seattle Ties for First Place!

Which cities are likely to be the hottest post-economic downturn destinations for young, brilliant, and highly mobile workers?The Wall Street Journal surveyed six trend-spotting experts and they chose cities based on economic diversity, lifestyle and their own personal prejudices.
Here’s the top-10 list:
1. Washington, D.C. (tie)1. Seattle
2. New York
3. Portland, Ore.
4. Austin, Texas
5. San Jose, Calif.
6. Denver
7. Durham, N.C.
8. Dallas
9. Chicago
10. Boston

Source: The Wall Street Journal, Sue Shellenbarger (09/30/2009)