I’m hoping the readers of Seattle Bubble can help me out with something. First, a little background on my perspective. My parents bought their first house in 1987, when they were about 30 years old. They paid $45,000 for the modest 1,288 square foot, 3-bedroom, 1.75-bath house pictured below. They refinanced once in the ’90s…
Category: News
News, current events, etc.
Interest Rates Hit All-Time Lows: Scare Tactics in 3…2…1…
Various sources are reporting that mortgage rates have fallen to their lowest point ever this week, with the average 30-year fixed-rate loan priced at a paltry 4.69%. Of course, you know what that means… As soon as rates start to climb a few tenths of a percentage point, we will no doubt be subjected to…
Real Actual Listing Photos: Multi-Million-Dollar Edition
Time for another installment of Real Actual Listing Photos. Once a month (or so) I round up some of the most bizarre listing photos from around the Seattle area and post them here, with brief excerpts from the real actual listing description, and probably a bit of snarky commentary. The idea for this series stems…
Weekly Twitter Digest (Link Roundup) for 2010-06-19
Our own local @mortgageporter was quoted in this AP article about the FHA raising their fees to avoid going bankrupt: http://is.gd/cN87v # Local mortgage mod recipient: "I may never recover anything from it. I'm probably just overpaying for rent." http://is.gd/cN8zT # RT @mortgageporter: @SeattleBubble Here's my 2¢ on the proposed FHA reform http://bit.ly/b4CwJa # RT…
Rethinking Home Ownership / Buyers Get Picky
I may not be able to make a substantive post today, so here are a few national stories of interest that caught my attention in the last couple days. David Wessel, Wall Street Journal: Rethinking Part of the American Dream It’s time to have a serious conversation about the American approach to home ownership and…