July 2014

How much of a Down Payment do you Actually Need?

A recent survey by Zelman & Associates revealed that 38% of those between the ages of 25-29 years old and 42% of those between the ages of 30-34 years old believe that a minimum of 15% is required as a down payment to purchase a home. A recent questionnaire administered by Freddie Mac showed that over 50% of all respondents thought 20% was required as a down payment. In actually, a purchaser may...

Home Mortgage Rates: Where are They Headed?

Many clients have asked where interest rates are headed over the next several months. While no one has a crystal ball, we did want to share what some experts are saying on the subject. HSH.com “For now, and likely through the summer, we may see data-driven bumps and dips in rates. Although we managed a slight dip presently, a bump is in order before long.” Freddie Mac “In the next few...

Found her “Forever Home” in Woodinville

This was my fourth transaction with Tony and while home buying/selling is never an easy transaction, Tony certainly makes it very smooth. Tony kept me apprised along all steps of the process and even kept the other agent on his toes. He is a good friend but we'll have to keep our friendship non-business since I plan on staying in this "forever" home! Thanks again Tony! Liz Dodd—Purchased in...