Interest rates have fallen into the 5.5% 30 yr fixed range. This is quite a sweet spot for those who are considering refinancing and purchasing. At the beginning of this year, when rates were around 5% for a 30 yr fixed, many people took advantage of the opportunity. Please contact your local loan officer. Our…
Poll: Does the Freddie / Fannie takeover change your outlook on housing?
Please vote in this poll using the sidebar. This poll will be active and displayed on the sidebar through 09.14.2008.
Oh, Snap: WaMu CEO “Ousted”
Wall Street Journal: Washington Mutual Forces Out CEO Kerry Killinger, who helped build Washington Mutual Inc. into the nation’s largest thrift and then presided over its rapid decline, is being ousted as chief executive, making him the latest casualty of the mortgage crisis. For months, Mr. Killinger had fought off a growing chorus of calls…
Fannie / Freddie Takeover
This is pretty big news (to put it lightly), so I don’t want to ignore it even though I try to focus on Seattle-specific news here usually. On Friday news came out that Fannie Mae and Freddie Mac will basically be taken over by the US Government this week. I don’t see any point in…
Ron Sims: Realtor Mouthpiece?
I think this deserves its own (very brief) post: By early next year, many will come to regret their decision to delay buying a home. – King County Executive Ron Sims, September 4, 2008 Spotted by commenter “K” on Twitter. Well golly, if Ron Sims “tweeted” it, it must be true!