Tuesday, March 24, 2009
Interest Rate Below 5%!
Under 5%...My Favorite lender quotes 30 year fixed Mortgage at 4.875% with a ½ point origination fee today!
from Wall Street Journal, Mar 20
Under 5%, Mortgages May Be Near The Bottom
The Federal Reserve is going to extraordinary lengths to push down long-term interest rates, including home-mortgage rates. But those hoping mortgage rates will fall sharply from current levels, already historically low, may be disappointed. Mortgage firms Thursday were quoting rates averaging 4.75% on 30-year fixed-rate mortgages, according to Zillow.com, a real-estate information service. That is down from more than 5% two days ago and about 6% in mid-November. But further big declines will be hard to achieve.
See complete Wall Street Journal article http://online.wsj.com/article/SB123750531250489895
Under 5%, Mortgages May Be Near The Bottom
The Federal Reserve is going to extraordinary lengths to push down long-term interest rates, including home-mortgage rates. But those hoping mortgage rates will fall sharply from current levels, already historically low, may be disappointed. Mortgage firms Thursday were quoting rates averaging 4.75% on 30-year fixed-rate mortgages, according to Zillow.com, a real-estate information service. That is down from more than 5% two days ago and about 6% in mid-November. But further big declines will be hard to achieve.
See complete Wall Street Journal article http://online.wsj.com/article/SB123750531250489895
Mill Creek Market Watch
March 15-22
Homes New on Market
Woodside Walk #67 2 bed 1496 SF $349,950
Woodside Walk #66 2 bed 1496 SF $359,950
Websters Pond 4 Bed 3279 SF $499,999 Built 2005
Vineyards 4 Bed 2572 SF $519,000 Built 2003
The Parks 5 Bed 2755 SF $524,950 Built 1996
Brighton 4 Bed +Bonus 2996 SF $549,000
Brighton 4 Bed + Den + Bonus 3202 SF $569,000
Montage 4 Bed 3805 SF New Construction $775,950
Pending Sales (asking prices listed)
Heatherwood 3 Bed Tri Level 1518 SF, $339,000
Montage 3 Bed 3736 SF New Construction $699,000
Heatherwood 3 Bed 2 Story 1656 SF $319,900
Northpointe 3 Bed 1858 SF New Construction $370,000
Condos New on Market
MiraVida Resale in Town Center 1 Bed 710 SF asking $189,000
Rivendale 2 bedroom 1086 SF, 2 car garage asking $230,950
St Moritz 1 bedroom 1051 SF, asking $250,000
March 15-22
Homes New on Market
Woodside Walk #67 2 bed 1496 SF $349,950
Woodside Walk #66 2 bed 1496 SF $359,950
Websters Pond 4 Bed 3279 SF $499,999 Built 2005
Vineyards 4 Bed 2572 SF $519,000 Built 2003
The Parks 5 Bed 2755 SF $524,950 Built 1996
Brighton 4 Bed +Bonus 2996 SF $549,000
Brighton 4 Bed + Den + Bonus 3202 SF $569,000
Montage 4 Bed 3805 SF New Construction $775,950
Pending Sales (asking prices listed)
Heatherwood 3 Bed Tri Level 1518 SF, $339,000
Montage 3 Bed 3736 SF New Construction $699,000
Heatherwood 3 Bed 2 Story 1656 SF $319,900
Northpointe 3 Bed 1858 SF New Construction $370,000
Condos New on Market
MiraVida Resale in Town Center 1 Bed 710 SF asking $189,000
Rivendale 2 bedroom 1086 SF, 2 car garage asking $230,950
St Moritz 1 bedroom 1051 SF, asking $250,000
Monday, March 16, 2009
Mill Creek Market Watch
March 7-March 14
Mill Creek Real Estate Market
Homes New on Market
Northpoint- Resale (Built 2007) 3 Bed, 2325 SF $419,950
Parkside-Complete Remodel, 4 Bed, 2722 SF $529,000
Evergreen-Rambler, 3 Bed, 2752 SF $619,000
Pending Sales (asking prices listed)
River Crossing 4 Bed, 3199 SF List Price $649,950
Huckleberry 4 Bed, 2570 SF List Price $349,950
Highland Trails 4 Bed 2209 SF List Price $389,000
Closed Sales
Woodside Walk 2 bed 1834 SF, List $369,950 Sold $361,865
Springtree 4 Bed 2474 SF, List $379,500 Sold $375,000
The Parks 5 Bed 2755 SF, List $449,950 Sold $420,000
Brighton 5 Bed 2734 SF, List $547,800 Sold $528,000
Condos New on Market
4 Two Bedroom condos came on market in Country Club Condos ranging from $185,000-229,500.
It is rumored that the pending lawsuit in Country Club Condos is settled, this is yet to be confirmed.
March 7-March 14
Mill Creek Real Estate Market
Homes New on Market
Northpoint- Resale (Built 2007) 3 Bed, 2325 SF $419,950
Parkside-Complete Remodel, 4 Bed, 2722 SF $529,000
Evergreen-Rambler, 3 Bed, 2752 SF $619,000
Pending Sales (asking prices listed)
River Crossing 4 Bed, 3199 SF List Price $649,950
Huckleberry 4 Bed, 2570 SF List Price $349,950
Highland Trails 4 Bed 2209 SF List Price $389,000
Closed Sales
Woodside Walk 2 bed 1834 SF, List $369,950 Sold $361,865
Springtree 4 Bed 2474 SF, List $379,500 Sold $375,000
The Parks 5 Bed 2755 SF, List $449,950 Sold $420,000
Brighton 5 Bed 2734 SF, List $547,800 Sold $528,000
Condos New on Market
4 Two Bedroom condos came on market in Country Club Condos ranging from $185,000-229,500.
It is rumored that the pending lawsuit in Country Club Condos is settled, this is yet to be confirmed.
Saturday, March 7, 2009
This Week's Market Feb 28-Mar 7
Mill Creek Market Update
Stronger sales this week, some great new listings!
Homes New on Market
Parkside-built by Lancaster, Complete Remodel, 2722 SF, 2 car garage, flat yard, covered patio, $529,000
Brighton-2 Story, Master on Main, Granite Kitchen,
2790 SF, 3 car garage, backs to pond, $579,000
Stonehedge-built 2005, 3508 SF, $599,950
Douglas Fir-Daylight Rambler, 3891 SF, 2 car gar, $624,950
Pending Sales (asking prices listed)
River Crossing-4 Bed, Buchan, 3199 SF, 3 car, Greenbelt, $649,950
Brighton-4 Bed, 2 Story, 2793 SF, 3 car, Backs to Pond, $479,000
The Vineyards-4 Bed, 2681 SF, built 2004 $465,000
Highland Trails-4 Bed, Split Entry, 2209 SF, $389,000
Emerald Heights-3 Bed, 2 Story, 2538 SF, $385,000
Huckleberry-4 Bed, 2 Story, 2570 SF, 2 car, $349,950
Thomas Lake-New Const, 4 bed, 1932 SF, $344,950
Dumas Lane-3 Bed, 1782 SF, $337,500
Heatherwood-3 Bed, 1656 SF, $319,900
Closed Sales
Cottonwood Fixer-3 Bed, 2562 SF, $346,391
Thomas Lake-3 Bed, Split Entry, 2295 SF, Sold $340,000
Thomas Lake-5 Bed, Split Entry, 2295 SF, Sold $349,950
Thomas Lake-5 Bed, Multi Level, 2104 SF, Sold $385,000
Condos New on Market
Auguston-2 Bedroom asking $205,000
Mira Vida-2 Bedroom, 1 level asking $356,990
Nature’s Landing-3 Bed, 2361 SF, asking $499,000
Condos Closed Sales
Auguston 2 Bed, 928 SF $174,950
Stronger sales this week, some great new listings!
Homes New on Market
Parkside-built by Lancaster, Complete Remodel, 2722 SF, 2 car garage, flat yard, covered patio, $529,000
Brighton-2 Story, Master on Main, Granite Kitchen,
2790 SF, 3 car garage, backs to pond, $579,000
Stonehedge-built 2005, 3508 SF, $599,950
Douglas Fir-Daylight Rambler, 3891 SF, 2 car gar, $624,950
Pending Sales (asking prices listed)
River Crossing-4 Bed, Buchan, 3199 SF, 3 car, Greenbelt, $649,950
Brighton-4 Bed, 2 Story, 2793 SF, 3 car, Backs to Pond, $479,000
The Vineyards-4 Bed, 2681 SF, built 2004 $465,000
Highland Trails-4 Bed, Split Entry, 2209 SF, $389,000
Emerald Heights-3 Bed, 2 Story, 2538 SF, $385,000
Huckleberry-4 Bed, 2 Story, 2570 SF, 2 car, $349,950
Thomas Lake-New Const, 4 bed, 1932 SF, $344,950
Dumas Lane-3 Bed, 1782 SF, $337,500
Heatherwood-3 Bed, 1656 SF, $319,900
Closed Sales
Cottonwood Fixer-3 Bed, 2562 SF, $346,391
Thomas Lake-3 Bed, Split Entry, 2295 SF, Sold $340,000
Thomas Lake-5 Bed, Split Entry, 2295 SF, Sold $349,950
Thomas Lake-5 Bed, Multi Level, 2104 SF, Sold $385,000
Condos New on Market
Auguston-2 Bedroom asking $205,000
Mira Vida-2 Bedroom, 1 level asking $356,990
Nature’s Landing-3 Bed, 2361 SF, asking $499,000
Condos Closed Sales
Auguston 2 Bed, 928 SF $174,950
Tuesday, March 3, 2009
FHA Lending update
Nearly ALL Lenders have now increased the credit score requirement for FHA to 620. There have been some positive changes to the loan limits for FHA however.
2009 FHA Loan Limits for Seattle-Bellevue and Beyond
King, Snohomish and Pierce Counties loan limits effective January 1, 2009 are:
• Single Family: $506,000
• Two Family: $647,750
• Three Family: $783,000
• Four Family: $973,100
The new loan limit is lower than the current FHA Jumbo limit of $567,500 and it happens to be the same as the jumbo-conforming (aka high-balance) loan limits for our area for 2009.
30 year fixed this week is at 5.0% with a 1% origination fee.
FHA 30 year fixed = 5.25% with 1% origination fee.
Quoted by: Jeff Judy, VP Hometown Lending
_____________________________________________________________________
Hometown Lending, Div TMBG, Inc. LO#: 510-LO-34648
Phone: 425.224.8503 Mobile: 425.422.3000
10025 19th AVE SE, Ste. 100, Everett, WA 98208
ontheweb:www.hometownlending.us/jeff
2009 FHA Loan Limits for Seattle-Bellevue and Beyond
King, Snohomish and Pierce Counties loan limits effective January 1, 2009 are:
• Single Family: $506,000
• Two Family: $647,750
• Three Family: $783,000
• Four Family: $973,100
The new loan limit is lower than the current FHA Jumbo limit of $567,500 and it happens to be the same as the jumbo-conforming (aka high-balance) loan limits for our area for 2009.
30 year fixed this week is at 5.0% with a 1% origination fee.
FHA 30 year fixed = 5.25% with 1% origination fee.
Quoted by: Jeff Judy, VP Hometown Lending
_____________________________________________________________________
Hometown Lending, Div TMBG, Inc. LO#: 510-LO-34648
Phone: 425.224.8503 Mobile: 425.422.3000
10025 19th AVE SE, Ste. 100, Everett, WA 98208
ontheweb:www.hometownlending.us/jeff
Monday, March 2, 2009
WOW Mill Creek… #2 in Country!
Best Affordable Suburbs 2009
by Prashant Gopal Thursday, February 19, 2009 provided by Business Week
State by state, the most affordable suburbs that offer the lowest crime rate, finest schools, and best quality of life for the dollar
Housing prices across the nation are being flattened by the worst economic crisis in decades. But it’s still not necessarily easy to find affordable suburbs with good schools, low crime, reasonable commutes, strong economies and a good quality of life. That’s where BusinessWeek can help. We’ve selected one affordable suburb near the biggest city in each state where residents can find the best quality of life for their money in 2009.
2. Mill Creek, Washington
Nearest major city: Seattle
Population: 13,626
Median household income: $83,818
Median home price: $398,000
Unemployment rate: 4%
Violent crime index: 24
Mill Creek, a Seattle suburb incorporated in 1983, has an 18-hole golf course, trails, parks, and a mall. About 36% of residents are married with children. Average commutes are 29 minutes.
Best Affordable Suburbs 2009
by Prashant Gopal Thursday, February 19, 2009 provided by Business Week
State by state, the most affordable suburbs that offer the lowest crime rate, finest schools, and best quality of life for the dollar
Housing prices across the nation are being flattened by the worst economic crisis in decades. But it’s still not necessarily easy to find affordable suburbs with good schools, low crime, reasonable commutes, strong economies and a good quality of life. That’s where BusinessWeek can help. We’ve selected one affordable suburb near the biggest city in each state where residents can find the best quality of life for their money in 2009.
2. Mill Creek, Washington
Nearest major city: Seattle
Population: 13,626
Median household income: $83,818
Median home price: $398,000
Unemployment rate: 4%
Violent crime index: 24
Mill Creek, a Seattle suburb incorporated in 1983, has an 18-hole golf course, trails, parks, and a mall. About 36% of residents are married with children. Average commutes are 29 minutes.
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