Recent & Featured Posts
Downtown Bellevue Walking Tours Planned to Help Improve the Pedestrian ExperiencePosted on December 2, 2011- Light rail to Bellevue clears final hurdlesPosted on November 30, 2011
Northwest Multiple Listing Service Chooses Authentisign™ for Electronic SignaturesPosted on June 29, 2011
Bellevue Bridge Damaged During Construction over I-405Posted on April 3, 2011- Bellevue/Eastside Real Estate Mortgage Rate Watch 3/9/2011Posted on March 9, 2011
Washington State Transportation Commission Announces Proposed SR 520 Toll RatesPosted on December 8, 2010- Construction Woes Force Bellevue To Shave $16 Million From General FundPosted on December 7, 2010
Zillow.com Adds WindermerePosted on September 30, 2009- Home foreclosure filings up more than 100 percent in Seattle areaPosted on August 13, 2009
Local Headlines- King County home prices drop again February 6, 2012
- $16 house? Dallas area man evicted after squatting February 6, 2012
- Calif. and NY considering foreclosure-abuse deal February 6, 2012
- Rising rebuild costs force homeowners to boost insurance February 4, 2012
- Phoenix housing market starting to recover February 4, 2012
- To your health: Learning more about building materials' content February 4, 2012
- Debt aversion behind remodeling and cocooning by homeowners February 4, 2012
- realannual05_chart February 4, 2012
- Snapshot of 2011 housing market: More activity, lower prices February 4, 2012
- Local mortgage rates February 3, 2012
- Rate on 30-year mortgage falls to record 3.87 pct. February 3, 2012
- Is our best-kept secret in northwest Seattle? February 1, 2012
- No room for mistakes: Design perfectionists at home February 1, 2012
- Obama seeks to broaden reach of housing assistance February 1, 2012
- Home prices in Seattle area hit post-boom low in November February 1, 2012
25Nov2008
Federal Reserve announces it will initiate a program to purchase the direct obligations of housing-related government-sponsored enterprises and mortgage-backed securities backed by Fannie Mae, Freddie Mac, and Ginnie Mae
The Federal Reserve announced on Tuesday that it will initiate a program to purchase the direct obligations of housing-related government-sponsored enterprises (GSEs)--Fannie Mae, Freddie Mac, and the Federal Home Loan Banks--and mortgage-backed securities (MBS) backed by Fannie Mae, Freddie Mac, and Ginnie Mae. Spreads of rates on GSE debt and on GSE-guaranteed mortgages have widened appreciably of late.
Continue ReadingLeave a Comment07Oct2008
Columbia Business School Economists Offer Plan for Stabilizing House Prices
Columbia Business School economists offer plan for stabilizing house prices would allow residential mortgages to be refinanced at a rate of 5.25% with Fannie Mae and Freddie Mac.
Continue ReadingLeave a Comment13Sep2008
Mortgage bailout: Cheaper lending, more taxpayer risk
The federal takeover of Fannie mae and Freddie Mac should make it easier for borrowers to get mortgages and should bring down the interest rates they pay. But taxpayers are on the hook for future defaults...Real Full Article http://seattletimes.nwsource.com/html/realestate/2008176162_fanniefreddi
Continue ReadingLeave a Comment10Sep2008
Is it a good time to buy real estate?
When the Northwest Multiple Listing Service released August home-sales numbers Tuesday, it alluded several times to that oft-repeated line that makes some people laugh: "It's a great time to buy."
Continue ReadingLeave a Comment09Sep2008
Fannie, Freddie takeover drops mortgage rates
Mortgage rates fell sharply Monday, as investors reacted to the government's takeover of Fannie Mae and Freddie Mac. And that's exactly what homeowners like Jim Chereskin had been waiting for...Real Full Article http://seattletimes.nwsource.com/html/businesstechnology/2008167473_fannierates09.htm
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