View the recorded video: /bellevue-and-seattle-real-estate-mortgage-rate-watch-12162010/Seattle / Bellevue Real Estate Mortgage Rate Watch: RATES at a 7 Month HIGH, WHY?!!!!!!!!!!! Lets dig in to a piece of the puzzle. (To really gain a clear perspective please view this short video).
If you enjoyed todays clip please leave comments below and share it with other homeowners.NWMLS states that November 2010 passed the 2009 figures that has been the first year over year gain since the first time home buyer tax credit expiration in April. Locally the number of relocations has increased based on the local corporate powers such as Boeing, Starbucks, Microsoft. King County has seen prices actually edge slightly higher but overall it will depend on the exact neighborhood you desire. King County as a whole, has pockets of homes depreciating and other appreciating. The safe bet remains to stay closer to the city as possible. Closer to the city means the Eastside (Bellevue) and Seattle neighborhoods. Seattle and Bellevue home mortgage rates will fluctuate daily and sometimes hourly depending on the volatility and economic news. A simple way to follow the trends of impacting news is to review the Events calendar on We will provide the daily impacting news in advanc e to help advise.
We will continue to post updates with current trends. Depending on your goals for locking your rate. If you are on the short term, play close attention to the market. If you are on the long term and have more time, make sure you secure on the best day.
Currently Seattle and Bellevue real estate is greatly impacted with the historically low mortgage rates. Did you know that a % change in interest rates is equal to a 5% change in the sales price of a home? That means the recent dramatic drop in interest rates is equal to at least a 10% reduction in home sales prices.
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