June 29th, 2009
Posted by danita jolly
Hey there, check out my new listing in Kirkland, pass it along if you know anyone looking: An excellent opportunity to take advantage of the great value in this newer 4 bdrm, 2.5 bath home. Central Air, aaaaaaahh just in time for summer. Interior finishes include hardwood floors, vaulted ceilings, granite & tile surfaces, 2 fireplaces with an office on main floor. Large upstairs bonus room. Minutes to downtown Kirkland’s shopping, restaurants, & lakefront parks. 1/4 acre flat lot with beautiful willow tree in back. Close to Microsoft and Google.
CLICK ON PICTURE BELOW FOR VIDEO TOUR:
June 20th, 2009
Posted by danita jolly
The bond market had a strong finish Friday after much volatility earlier in the week. With the surge of refinances this year, there is an unprecedented supply of mortgage-backed securities on the secondary market. Unless treasury auctions (like the one scheduled for next week) are successful, investors will drive down the price of bonds thereby causing interest rates to go up. If investors see an improvement in the economy they’ll move money out from the safety of bonds and into riskier assets like stocks or commodities. Talk of inflation has also been on investors’ minds. The Fed is meeting next week and analysts are wondering if a change will be made to the federal funds rate. Since the current rate is set between 0%-.25%, the only change would of course be an increase. If that happens the dollar would be strengthened and inflation would be held in check. But doing too much too soon to the fed funds rate may hamper the economy’s long-term recovery efforts. The markets are very sensitive right now and I expect much more volatility to come.
Best regards,
Ben
Rates are based on a 740 credit score, a principal and interest payment, and a 1% loan origination fee. Please note that interest rates for condos are slightly higher than what’s show below.
Conforming
30 year fixed – 5.375%
5/1 ARM – 4.625%
High Balance Conforming ($567,500 maximum)
30 year fixed – 5.625%
Non-Conforming (Jumbo)
30 year fixed – 6.250%
5/1 ARM – 5.000%
FHA
30 year fixed – 5.500%
5/1 ARM – 4.625%
Ben Lenderman
Home Mortgage Consultant
Wells Fargo Home Mortgage
P6447-140
10900 NE 8th St
Bellevue, WA 98004
425-468-8613 Tel
425-301-1897 Cell
866-636-7738 Fax
ben.lenderman@wellsfargo.com
http://www.wfhm.com/ben-lenderman
June 13th, 2009
Posted by danita jolly
Bond Yields Push Mortgage Rates To Highest Level In Seven Months
McLean, VA – Freddie Mac (NYSE:FRE) today released the results of its Primary Mortgage Market Survey® (PMMS®) in which the 30-year fixed-rate mortgage (FRM) averaged 5.59 percent with an average 0.7 point for the week ending June 11, 2009, up from last week when it averaged 5.29 percent. Last year at this time, the 30-year FRM averaged 6.32 percent. The last time the 30-year FRM was higher was the week ending November 26, 2008, when it averaged 5.97 percent.
The 15-year FRM this week averaged 5.06 percent with an average 0.7 point, up from last week when it averaged 4.79 percent. A year ago at this time, the 15-year FRM averaged 5.93 percent. The last time the 15-year FRM was higher was the week ending December 11, 2008, when it averaged 5.20 percent.
Five-year Treasury-indexed hybrid adjustable-rate mortgages (ARMs) averaged 5.17 percent this week, with an average 0.6 point, up from last week when it averaged 4.85 percent. A year ago, the 5-year ARM averaged 5.70 percent. The last time the 5-year ARM was higher was the week ending February 12, 2009, when it averaged 5.23 percent.
One-year Treasury-indexed ARMs averaged 5.04 percent this week with an average 0.7 point, up from last week when it averaged 4.81 percent. At this time last year, the 1-year ARM averaged 5.09 percent. The last time the 1-year ARM was higher was the week ending December 11, 2008, when it averaged 5.09 percent.
Courtesy of Washington Realtors.org
June 5th, 2009
Posted by danita jolly
Attend a Free Homebuyer Education Class: Home buyers can attend a Washington State Housing Finance Commission Sponsored Home Buyer Education Seminar; this 5-hour seminar is a requirement for receiving a loan from the Commission.Other Loans Are Available Now: Look into the House Key Program for first mortgages for first-time home buyers; and, there are Second Mortgage Loans for Down Payment Assistance available through the Commission when using the House Key Program. There are down payment assistance programs for those with disabilities, for teachers, veterans and those who live in certain rural areas. There is even a conventional first mortgage loan available right now through the Express Loan Program for first-time home buyers that can be used in conjunction with the House Key Plus Down payment Assistance Program.
June 5th, 2009
Posted by danita jolly
“Stock the Pantry” Food Drive June 1-14: helping to feed out-of-school children and their families during summer months
WHAT: Bartell Drugs launches the “Stock the Pantry” food drive with Northwest Harvest by accepting nonperishable food donations at all 55 Bartell Drug locations from June 1 to June 14.
The drive builds on a long-time relationship between Bartell’s and Northwest Harvest to support in-need families in the communities we serve.
THE NEED: This two-week food drive is especially important to help Northwest Harvest replenish food stocks during summer months–when families that normally depend on free or reduced-price school meals may struggle to provide those meals at home.
Some “kid-friendly” food item suggestions include tuna, instant oatmeal, macaroni and cheese, peanut butter, cheese crackers, applesauce and canned fruit in individual serving sizes.
WHEN: June 1 - June 14, 2009
WHERE: All 55 Bartell Drugs Locations in King, Pierce and Snohomish Counties
For more information on Bartell Drugs locations, visit www.bartelldrugs.com
Burien Location:
14901 4th Ave SW, Suite 100
Burien, WA 98166
FAST FACTS:
- Only 2 out of 5 low-income children who receive a school lunch also receive a lunch in the summer months. – Western Region Anti-Hunger Consortium
- 16% (approximately 226,000) of Washington’s children under 18 live below the federal poverty level. – American Community Survey, 2006 and Washington Kids Count, 2009
- Washington children live in families and communities that are facing harsh cuts in health care and other services.
Over the next year in Washington, an estimated 40,000 new kids will drop into poverty, driving up the need for programs that help children and families. – Children’s Alliance, May 2009
- Children suffer when their parents lose jobs and health insurance and can’t make ends meet.
- Demand for safety net programs will grow as unemployment rises, further straining a system that isn’t able to meet the need we have now.
May 30th, 2009
Posted by danita jolly
First Time HomebuyersYou have until December 1, 2009
- To find a home
- Secure financing
- Close the transaction
Better start working with your REALTOR® today!
First time homebuyers
If you (or your spouse if married) have not owned your principal residence for the past 3-years.
Tax Credit
When you file your taxes, you will be able to subtract the amount of the credit from the taxes you owe on your federal income tax return. If the credit is larger than what you owe, you receive the balance as a REFUND from the IRS.
How much will you qualify for?
The credit is based on 10% of the purchase price of the home. If you purchase a home that costs $80,000 or more you will start with the full $8,000 credit. If you earn more than $75,000 a year (or $150,000 married filing jointly) there is a phaseout formula you must follow.
Repayment
You don’t have to repay the credit— unless you own the house for less than three years, according to the Internal Revenue Service. If you sell the house during that period, the money has to be repaid the year the house is sold.
May 29th, 2009
Posted by danita jolly
What a wild week! Mortgage-backed securities took their biggest one-day beating this Wednesday since last October. More than 200 bps were given up that day, causing rates to jump up ~ .500% from where we started in the morning. Most of the selloff stemmed from an oversupply of Treasuries issued by the government. Fears of inflation were a concern, as investors visualized greenbacks being printed off in mass supply by a government trying to artificially fund all of these stimulus packages. And just when we thought the market was going in one direction (south), it reverses course and gives us back some of those losses. 134 bps were regained today at market close. This is about as volatile as I’ve ever seen it. So buckle up and hang on – it’s a rollercoaster ride right now!
Best regards,
Ben
Rates are based on a 740 credit score, a principal and interest payment, and a 1% loan origination fee. Please note that interest rates for condos are slightly higher than what’s show below.
Conforming
30 year fixed – 5.000%
5/1 ARM – 4.000%
High Balance Conforming ($567,500 maximum)
30 year fixed – 5.125%
Non-Conforming (Jumbo)
30 year fixed – 6.250%
5/1 ARM – 5.000%
FHA
30 year fixed – 5.125%
5/1 ARM – 4.250%
Ben Lenderman
Home Mortgage Consultant
Wells Fargo Home Mortgage
P6447-140
10900 NE 8th St
Bellevue, WA 98004
425-468-8613 Tel
425-301-1897 Cell
866-636-7738 Fax
ben.lenderman@wellsfargo.com
http://www.wfhm.com/ben-lenderman
May 28th, 2009
Posted by danita jolly
THE TIME FOR CHANGE IS HERE. BEGIN AHEAD OF THE PACK!
When: June 11, 2009
Social: 5-6pm
Session: 6-9pm
Where: Hometask University 1800 S.W. 152nd, Burien WA 98166
Benefits:
- Straight talk about business and franchising from those that have done it!
- Apply proven wisdeom to your plans to increase your success.
- One hour private meeting with Jerrod Sessler for the first 5 people to register.
Have you ever dreamed of starting a business? What is stopping you? Jerrod Sessler, Founder of the international franchise organization, HomeTask.com says, “It is normally one of two reasons… people are either fearful of something. Sometimes it is fear of what may happen and some are not comfortable venturing into something that they don’t know all the details about before they start.”
This eBootcamp is specifically designed to help you if you are interested in or considering starting a business. This will be specifically helpful if you have ever thought that maybe a franchise business may be a good next step for your future.
Jerrod Sessler and Chris Inverso, lead trainer for Yellow Van Handyman will teach this world class session.
About Jerrod: Founder of HomeTask.com, Yellow Van Handyman, Freggies.com, VaultFarm and Hope4Health Foundation. He also serves as the Chairman of the International Franchise Association’s Information Technology Committee, is a Certifed Franchise Executive and a Manufacturing/Mechanical Engineer.
Jerrod has also personally coached dozens of entrepreneurs and leaders of mature companies at various stages in their business. Jerrod lives with his wife Nikki and three kids in the Seattle area. He is a terminal cancer survivor, a NASCAR Driver and a frequent public speaker
May 28th, 2009
Posted by danita jolly
Efforts to get the $8,000 first time homebuyer credit available to the buyer at closing have stalled at the IRS office. The Governor has signed the legislation that allows the Washington State Housing Finance Commission to make the funds available. Washington REALTORS® have provided the money to guarantee the program and all that is left is some sort of mechanism to ensure that when the borrower receives the $8,000 from the IRS, those funds are dedicated to pay off the bridge loan. Since working with an agency the size of the IRS is tenuous, we are working on alternatives to make this program available by the end of June. We will keep you updated.
Efforts to get the $8,000 first time homebuyer credit available to the buyer at closing have stalled at the IRS office. The Governor has signed the legislation that allows the Washington State Housing Finance Commission to make the funds available. Washington REALTORS® have provided the money to guarantee the program and all that is left is some sort of mechanism to ensure that when the borrower receives the $8,000 from the IRS, those funds are dedicated to pay off the bridge loan. Since working with an agency the size of the IRS is tenuous, we are working on alternatives to make this program available by the end of June. We will keep you updated.
May 23rd, 2009
Posted by danita jolly
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The First Ever
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Beer Church
Golf Tournament |
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A benefit for Whisker City
sponsored by |
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WE WILL BEGIN ACCEPTING RESERVATIONS
ON MONDAY, JUNE 1st.
For now, get your foursomes lined up and SAVE THE DATE! Sunday, August 16th.
All proceeds will benefit Whisker City - a shelter for abandoned, abused and neglected pets. There may be some golfers around the Burien area interested so I wanted to pass this along. It’s taking place at the Nile Golf and Country Club in Mountlake Terrace. Drinking and golfing all for a good cause!
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