Greetings -- I have made the transition to the new home of my blog but in case you haven't followed me over, here's the link again:
http://activerain.com/blogs/jameswirth
As always, thanks for reading and I hope to see your comments on ActiveRain!
--James Wirth
Wednesday, February 18, 2009
Wednesday, January 7, 2009
OOPS!!!
I'll just blame it on the Holiday Season. Yeah, that's it.
Well, whatever the reason and/or season, I haven't been keeping this blog up. I have, however, been actively posting on the new home of my blog: ActiveRain.
Nothing against Google or their Blogger platform, but the opportunity to participate in a Real Estate-centric online community was just too perfect.
Well, at least perfect enough.
Please check me out in the new digs: http://activerain.com/blogs/jameswirth
And as always, thanks for reading!
--James Wirth
Well, whatever the reason and/or season, I haven't been keeping this blog up. I have, however, been actively posting on the new home of my blog: ActiveRain.
Nothing against Google or their Blogger platform, but the opportunity to participate in a Real Estate-centric online community was just too perfect.
Well, at least perfect enough.
Please check me out in the new digs: http://activerain.com/blogs/jameswirth
And as always, thanks for reading!
--James Wirth
Monday, December 22, 2008
Mortgage Rate Update -- Unchanged from Friday
Today's one of those days where the mortgage market wakes up slowly, doesn't get right in the shower, leafs through the paper while sipping some decaf coffee, and slowly gets around to work. Not unlike many of us this morning after seeing the traffic reports and seeing all of the snow here in the Greater Seattle Area.
There are no economic releases of note today, and a treasury auction this week, so bond traders are aware of that and despite the stock market generally in negative territory there's not really any reason for rates to do anything but, well, hang out.
Anyone up for a game of Pictionary?
4.75% Rate / 4.899% APR
P&I payment: $2,175.27
Loan amount: $417,000
Down payment/equity: 20%
Loan Program: 30 Year Fixed
Rates as of 12/22/08, subject to change without notice. Though I'm not holding my breath on this one...
--James Wirth
There are no economic releases of note today, and a treasury auction this week, so bond traders are aware of that and despite the stock market generally in negative territory there's not really any reason for rates to do anything but, well, hang out.
Anyone up for a game of Pictionary?
4.75% Rate / 4.899% APR
P&I payment: $2,175.27
Loan amount: $417,000
Down payment/equity: 20%
Loan Program: 30 Year Fixed
Rates as of 12/22/08, subject to change without notice. Though I'm not holding my breath on this one...
--James Wirth
Thursday, December 18, 2008
Mortgage Rates -- Baby Steps...
Just a month ago our youngest was taking his first steps. A little later than our other kids but hey, we all beat to the rhythm of a different drum, right? He would take those cautious steps with the wide stance that made him waddle back and forth and he'd have that wide-eyed look in his eyes. Very adorable.
The mortgage market is cautiously improving today, taking some cautious steps of its own. If the stock market pushes lower, rates may go lower as well. Here's where we are so far:
4.75% Rate / 4.899% APR
P&I payment: $2,175.27
Loan amount: $417,000
Down payment/equity: 20%
Loan Program: 30 Year Fixed
Rates as of 9:07am on 12/18/08 and are subject to change.
As always -- I'll keep you posted!
The mortgage market is cautiously improving today, taking some cautious steps of its own. If the stock market pushes lower, rates may go lower as well. Here's where we are so far:
4.75% Rate / 4.899% APR
P&I payment: $2,175.27
Loan amount: $417,000
Down payment/equity: 20%
Loan Program: 30 Year Fixed
Rates as of 9:07am on 12/18/08 and are subject to change.
As always -- I'll keep you posted!
Wednesday, December 17, 2008
Rates are Up, Up, AND AWAY!!!
Now that I have your attention... we've basically given up the gains we made yesterday and today so the rate I posted yesteday should be current, as of 12/17/08, 12:33pm PST:
4.875% Rate / 5.026% APR
Loan amount: $417,000
Down payment/equity: 20%
Loan Program: 30 Year Fixed
So we're still under 5% but hang on to your hats ladies and gentlemen, it's going to be a bit of a wild ride as the market responds to yesterday's aggressive move by the Fed, profit-taking from the short-term gains, and lenders being forced to raise rates just to stem the tidal-wave of rate lock requests from the incredible rates we've been experiencing!
As always, I'll keep you posted --James
4.875% Rate / 5.026% APR
Loan amount: $417,000
Down payment/equity: 20%
Loan Program: 30 Year Fixed
So we're still under 5% but hang on to your hats ladies and gentlemen, it's going to be a bit of a wild ride as the market responds to yesterday's aggressive move by the Fed, profit-taking from the short-term gains, and lenders being forced to raise rates just to stem the tidal-wave of rate lock requests from the incredible rates we've been experiencing!
As always, I'll keep you posted --James
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