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themortgagereel.com's Blog

By Mortgage Reel | Mortgage Broker
or Lender in 98107

Local King, Pierce, Snohomish, and San Juan County Loan Limit Changes


Seattle / Bellevue Real Estate Mortgage Rate Watch July 20, 2011.  Mortgage bonds continue riding the roller coaster since the start of June 2011.  News from around the world (Greece) to US economic data have all contributed to this cycle.  Yesterday the mortgage bonds did receive a nice bounce higher with positive steps towards the Debt Ceiling.  Timing is key to securing your mortgage rate on the best day.  If you are uncertain when to lock your mortgage rate, please contact us!  We would be happy to earn your trust and business!

As a reminder the local loan limits in Washington State are set to adjust down for King, Snohomish, Pierce, and San Juan Counties.  For example if you are buying / refinancing a home in Seattle with a loan balance between $417,000 - $567,500 you qualify for Agency Jumbo pricing.  After September 2011 this loan limit is going away so you would be automatically in JUMBO financing.  If you need to refinance or buy, take advantage now before you miss the opportunity.   

Thank you to the valued clients who continue to follow and ask questions.  With private respect to your financial questions, not all are posted in the comments below.  If you do have questions please contact us!

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