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May 19, 2006
Lynnwood Martha Lake Open House
Date: Sunday May 21, 2006
Time: 1pm - 4pm
Better than new home, excellent location, walk to the Interurban trail and Martha lake. Easy access to I-5, 405 and Alderwood Mall. 3 generous bedrooms plus a den (4th bedroom). Large pantry, 5 piece master bathroom, walk in closet, convenient upstairs laundry room, Southwestern low maintenance backyard with fountains and flowerbeds, gas fireplace, quiet cul-de-sac. Priced under CMA for fast sale.
Bedrooms: 3
Bathrooms: 2.5
Square Footage: 2,035
Year Built: 2002
For a tour of this home please contact Beau Betts:
email - beaubetts@johnlscott.com
cell- 206-953-2328
Beau Betts provides Lynnwood real estate services. Contact Beau Betts in order to sell a Lynnwood home or Lynnwood condominium property for the best possible price....quickly and professionally.
Posted by beaubetts at 2:41 PM | Comments (0) | TrackBack
FHA Loan Limits Have Increased
This information comes by way of Barb Huber-Read at Golf Savings Bank.
FHA loan limits have been increased for King and Snohomish Counties. The new limits are:
One-family $356,250
Two-family $401,250
Three-family $487,500
Four-family $562,500
Posted by beaubetts at 11:20 AM | Comments (0) | TrackBack
May 12, 2006
Fed Hikes Rates Again
This information comes by way of Barb Huber-Read at Golf Savings Bank.
The Fed is at it again. For the sixteenth time in the latest series that started in June of 2004, they've hiked the Fed Funds Rate by .25%. Why are they hiking rates? Only to keep the economy from growing too quickly, which can result in inflation and drive prices higher on the goods and services we purchase and use every day. Equally important to the rate hike itself was the Policy Statement from the Fed, which is always dissected and analyzed very carefully, as it often gives clues as to the likelihood of future rate hikes. The Fed statement indicated that although inflation appears to be controlled at the present time, further rate hikes may be needed. However, they stressed that the economic news over the coming weeks would be watched very closely in that decision making process.
So what does this mean to you, your friends, family, coworkers and clients? Here's the scoop.
The Fed Funds Rate impacts many things…and it directly affects the Prime Rate, which most Home Equity Lines of Credit are based on. It is also closely tied to the index of many Adjustable Rate Mortgages. A large number of Americans have either a Home Equity Line of Credit or an Adjustable Rate Mortgage…or may even have both. Those rates and indices just jumped again, which may be putting pressure on making monthly payments, or causing concern as to where that rate might go in the future. Moreover, there may be better financing options.
In this frequently changing financial environment, it may be time to take a look at the type of mortgage financing currently being held to find out if it might be time to consider a different strategy that is a better fit for present market conditions.
Posted by beaubetts at 9:03 AM | Comments (0) | TrackBack
May 11, 2006
Debut of the 50-year Mortgage
We all know of the 30-year mortgage. Some of us have heard of the 40-year mortgage. Next up: the 50-year mortgage which made it's debut in California in March.
Read the rest of my story on The Seattle P-I Blog: Seattle Real Estate Professionals.
Posted by beaubetts at 11:14 AM | Comments (2) | TrackBack
May 10, 2006
New John L. Scott Home Search
John L. Scott released a new home search tool on their website that takes advantage of Microsoft's Virtual Earth technology. The new tool is called "High Definition Home Search" and what makes this new search function so cool is that it's interactive and allows the user to see a birds-eye view of each home that is for sale and also see the home at a 45-degree angle. Users will now be able to see multiple views of the home and see what the surroundings look like before jumping in the car and driving out to the property.
To start searching for a new home in "high-definition" click here.
Posted by beaubetts at 1:01 PM | Comments (0) | TrackBack
