Category Archives: Interest Rates

The Seattle Buyer Mentality/Ability

I’ve been thinking about the mentality of the current Seattle buyer and the buyer from 2007. I tend to agree with everyone when it is said that a buyer wants a good deal. Of course they do, but then I … Continue reading

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Shoppers Spend More This Year

Well, the Seattle Times reports that Holiday Spending is Back to Pre-Recession Levels. I’m wondering if that is a good thing or a bad thing. You know I think mostly in terms of the great real estate rebound that will … Continue reading

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Interest Rates Are Headed Up

Hello. Did you hear? Interest rates are headed up. Okay, I’ve been suggesting that they might for over a year now, because I just didn’t believe they could go so low. But I just had a buyer preapproved last week … Continue reading

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Buyer’s Closing Cost Skyrocket

According to an article on Yahoo.com, the costs to close a real estate transaction are going up, up up, and New York is leading the way. For a $200,000 loan, the average cost in New York is now $5,600. Texas … Continue reading

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What will the Market be like in 2014?

As much as anyone, I’d like to know. I hope to retire in 2013. Take a little time getting my property in order and then selling and scaling down. But can I predict what that market will be? No way … Continue reading

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Who Needs Government Stimulus?

Since the federal government first time home buyer and move up stimulus packages ended of April 30th, interest rates have fallen from 5.06% for a 30 year fixed, to 4.5% today. On a $300,000 loan the payment would be lowered … Continue reading

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