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Jun
29
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:
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Jun
20
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
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Jun
13
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
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Jun
05
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.
