2013 Mortgage Loan Limits for King County

rate changes

The 2013 mortgage loan limits for the  greater Seattle area are for the most part, the same as 2012.  The following loan limits apply for homes located in King, Snohomish or Pierce Counties. Conforming: 1 Unit: $506,000 2 Unit: $647,750 3 Unit: $783,000 4 Unit: $973,100 FHA: 1 Unit: $567,500 2 Unit: $726,500 3 Unit: […]

Friday’s Rates on the Rise

Conforming Mortgage Rates (loan amounts up to $417,000 for 1-unit properties).  The conforming rate quote below is based on owner occupied with a mid-low credit score of 740 or higher, “full doc” purchase with a sales price of $500,000 and a loan amount of $400,000 single family dwelling (non condo).  This scenario includes reserves (taxes […]

Rates for Friday Morning

Conforming Mortgage Rates (loan amounts up to $417,000 for 1-unit properties).  The conforming rate quote below is based on owner occupied with a mid-low credit score of 740 or higher, “full doc” purchase with a sales price of $500,000 and a loan amount of $400,000 single family dwelling (non condo).  This scenario includes reserves (taxes […]

Friday’s Rates

The video was recorded this morning…we didn’t see as many rate sheets as we did yesterday.   Rates over all have been fairly steady…in fact, Aubrey Cohen of the Seattle P-I wonders if mortgage rates found a floor at 4.5%.   Happy Memorial Day. Conforming Mortgage Rates (loan amounts up to $417,000 for 1-unit properties).  The conforming rate quote below […]

Friday’s Rates

Mortgage rates remain fairly steady this past week with the Government continuing to artifically keep rates low by purchasing $27 billion in mortgage backed securities (MBS)  from May 7 to May 13 focusing mainly on 4-5.5% coupons and not purchasing any of the 3 or 3.5% coupons that would cause rates to reduce beyond where […]

Friday’s Rates

I’ve added two programs to “Friday’s Rates”: FHA’s 203(k) Rehab loan and USDA’s program.   The 203(k) loan allows financing of certain repairs into the purchase price of the new home.   USDA provides 100% financing in specific areas with income limits with no monthly mortgage insurance (there is an upfront funding fee, similar to VA or […]

Mortgage Rates before Friday

I know…I’m breaking tradition for this post since I normally provide you with rates on Friday afternoons at Rain City Guide.  However, tomorrow I’m going to be at the Washington Real Estate Summit at Emerald Downs.   If you’re interested in attending this event, you can sign up today or pay more at the door.    Conforming Mortgage Rates (loan amounts […]

Friday’s Rates

Conforming Mortgage Rates (loan amounts up to $417,000 for 1-unit properties).  The conforming rate quote below is based on owner occupied with a mid-low credit score of 740 or higher, “full doc” purchase with a sales price of $500,000 and a loan amount of $400,000 single family dwelling (non condo).  This scenario includes reserves (taxes […]

Friday Rate Update

Here’s a question for you… for conventional rates, which credit score bracket should I use for pricing: 740 and higher or 720-739?  With exception to the FHA/VA rates, I’m currently using 720-739.  If our readers would prefer 740 and higher, I’m happy to adjust my Friday Rate updates…just comment here and let me know what […]

Mortgage Rates for Friday Afternoon

Mortgage rates are up about 0.125% from what I posted this morning and up a bit more than that compared to last Friday’s post as  you’ll see by the red arrows.   You’ll notice conventional rates increasing soon (next week) for condos and other types of transactions such as cash-out refinances, when Fannie and Freddie’s new hits […]