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October/November 2009 |
FYI...National Flood Insurance Program
Whatcom County participates in the National Flood Insurance Program (NFIP). The NFIP makes federally-backed flood insurance available for all buildings, whether they are in a floodplain or not. The mandatory purchase requirement applies to all forms of federal or federally-related financial assistance for buildings located in a Special Flood Hazard Area (SFHA). Before a person can receive a loan or other financial assistance from one of the affected agencies or lenders, there must be a check to see if the building is in a SFHA. The SFHA is the base (100-year) floodplain mapped on a Flood Insurance Rate Map (FIRM). If the building is in a SFHA, the agency or lender is required by law to require the recipient to purchase a flood insurance policy on the building. The mandatory purchase requirement does not affect loans or financial assistance for items that are not covered by the flood insurance policy, such as vehicles, business expenses, landscaping, and vacant lots. While not mandated by law, a lender may require a flood insurance policy as a condition of a loan for a property in any zone on a Flood Insurance Rate Map. |
Visit Our Resource Center
On Our Website you will find more market information including...
Flood Zone Descriptions, Flood Insurance Information and More!
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**Reminder**
Interested in the $8,000
First Time Homebuyer's Tax Credit?
Time is Running Out - Property Transaction Must Close by November 30th, Which Means You Should Find the Property You Would Like to Purchase by October 23rd for FHA and USDA Loans.
Learn More About the First Time Homebuyer's Tax Credit |
5714 (A,B&C) North Fork Road 
Deming, WA
$1,257,900
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6338 Mt Baker Hwy 
Deming, WA
$399,900
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6338-L3 Mt Baker Hwy
Deming, WA
$99,900
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2231 Fall Valley Lane 
Maple Falls, WA
$89,500
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  7139 Bartlett Lane
Lynden, WA
$429,900 Open House: October 24th
12-3pm
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525 Telegraph Rd  
Bellingham, WA
$499,000
Lease Option Available!
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Recently Reduced!
4943 Forsberg Rd. $168,500
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 Recently Reduced! 431 E Lake Samish.
$475,000
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Recently Reduced! 
238 Shallow Shores Rd.
$599,000
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Community Update: Nooksack Valley
Nooksack is a quaint little City nestled in the beautiful Nooksack Valley on State Rt. 9, in the northerly corner of Washington State. With a small business district, Nooksack is cozy community. A friendly City Park in the heart of Nooksack catches the eye of most travelers. Inviting to picnickers and families from near and far, the park provides peaceful enjoyment for all. Mt. Baker, the Pacific Ocean and two major cities (Seattle and Vancouver, BC.) are within a short driving distance. Click Here to View All of Nooksack Valley Real Estate |
NWMLS Stats: September 2009
Northwest Multiple Listings
Whatcom County
Closed Sales Report - Residential
890
Residential Units Average Price Median Price
11 $223,816 $225,000
Click Here to View Archived Statistics on all of Whatcom County |
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Economic Update: October/November 2009
The economy seems to have a double standard, but as most analysts will tell you markets eventually correct themselves. For example, does it really make sense that the price of gold, often associated with inflation or the value of the dollar, continues to climb and the price of bonds continue to improve? Friday's price action was a sign that markets can move quickly, and not always in expected ways. Why did rates shoot up Friday? I don't buy off on the reason many suggest: "...Federal Reserve Chairman Ben S. Bernanke said the central bank will be ready to raise interest rates when the economic outlook 'has improved sufficiently'." He is stating the obvious. Is there some kind of surprise there? The fact of the matter is that rates have come down, and stayed down, in spite of the supply last week and in spite of signs that the economy is not as bad as it was 6 months ago. Many mortgage lenders are/were back offering 30-yr rates in the high 4's. And when markets move one way or the other to a large degree, or for an extended period of time, they are likely to rebound the other way - just like a rubber band. Plain and simple.
I have yet to hear a broker complain about mortgage rates being too high - guidelines and equity are usually the issue. But it doesn't help when the recently auction 30-yr bond goes down 4 points, and the yield go up .25% in two days. Traders blamed the supply finally "getting to" the market, evening up positions ahead of a 3-day weekend, renewed fears about the eventual actions of the Fed, rumors of big sellers, Asian selling, bad technicals, a good stock market, the list goes on. Speaking of the stock market, we're near or at the highs of the year, despite a stagnant housing and employment picture. More U.S. stocks are trading at 52-week highs than at any time since June 2007 At this point, mortgage originators don't need higher rates, and the changes by investors continued unabated. But some of it is good news!
Anny Havland
Neighborhood Mortgage
License # 510-LO-35892 Co-owner/Licensed Mortgage Advisor 360-594-4030-Direct 360-671-8043-Fax "Cheers to continued great lending rates." |
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Monthly Payment Rate Sheet
Based on a Purchase Price of $250,000
30 Year Fixed:
Payment $1,043.29
Points 1.00%
% Down 20 %
Rate 4.75%
APR 4.973%
15 Year Fixed:
Payment $1,504.56
Points .5%
% Down 20%
Rate 4.25%
APR 4.552%
Comments & Explanations:
Let me compete for your business. Payments do not include homeowners insurance and property taxes. Loan Originator License # 510-LO-35892. To apply online visit me at www.neighborhoodmortgage.net/anny
* Please note that this illustration requires that you put a minimum 20% down. No ARMS or Balloons. Only conforming 30 Yr. Fixed Rates. This information is provided for illustration only and does not constitute an application does not guarantee loan approval, nor is it an offer or commitment to make a loan to you on the above terms. This is not a commitment or an offer to extend financing as defined by Federal Reserve Regulation Z - Truth in Lending and as such does not contain an APR. Interest Rates are subject to change daily without notice and will affect the loan amount for which you may qualify
Anny Havland
Neighborhood Mortgage
License # 510-LO-35892 Co-owner/Licensed Mortgage Advisor 360-594-4030-Direct 360-671-8043-Fax "Cheers to continued great lending rates." | |
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Market Snapshot
Determine Your Property's Value by Evaluating Other Sold Properties in Your Neighborhood.
Click Here to Receive Your Own Market Snapshot for Your Property... |
Listing Alert
Would You Like to Receive New Listings Matching Your Search Criteria? Click here |
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October/November 2009
Upcoming Events!
October 15th - Bellingham Festival of Music
October 17th- The Temptations
October 17th- Harvest Festival
October 17th- Flavor of Fairhaven
October 24th- Make a Difference Day
November 7th- Rainbow Food and Wine Festival
November 15th - Release of Whatcom Real Estate Monthly
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Thank you for taking the time to view Whatcom Real Estate Monthly.
To view our newsletters online please visit www.WhatcomRealEstateMonthly.com. Our goal is to keep you informed on the most up to date Real Estate information available. If you have any questions about information represented in this version of Whatcom Real Estate Monthly or have topics you would like to learn more about relating to the current Real Estate Market. Let us know!
Sincerely,
Keith Cook and Rachael Wilson
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