|
|
 |
|
|
November/December 2009 |
FYI...Housing and Economic Recovery Act (HERA)
In 2008 Congress passed the Housing and Economic Recovery Act (HERA) which included amendments under Regulation Z, which implements the Truth-in-Lending Act. The recent revisions  implement the Mortgage Disclosure Improvement Act (MDIA) which becomes effective for all closed-end consumer mortgage loan applications taken on or after July 30, 2009.
The Automatic Extension of Closing to Accommodate Regulation Z Form includes the following agreement. "The parties agree that in the event the Annual Percentage Rate of Buyer's loan(s) pursuant to Form 22A differs from the APR previously disclosed to Buyer in the Good Faith Estimate by .125% or more in the case of a fixed rate loan .250% in an adjustable rate loan, the Closing Date shall be extended for up to four days as necessary to accommodate the requirements of Regulation Z of the Truth and Lending Act.
|
Visit Our Resource Center
On Our Website you will find more information including...
Rules and Highlights for the Truth-in-Lending Act and More Detailed information regarding Regulation Z!
|
Tax Credit Extended!
It's Official! President Obama passed the bill to extend the First Time  Homebuyers tax credit on November 6th. This extension allows the tax credit to be available through April 30th, 2010. The bill includes the $8,000 for first time homebuyers and also creates a new $6,500 credit for homebuyers who have been in their current residence for the last five years or more.
|
699 E Smith Rd 
|
2566 Pacific Highlands 
|
Recently Reduced! 
126 W Main Street,
Monroe, WA
$559,000
|
Recently Reduced!
Open House Sunday (NOV 15th) 1-4pm
7139 Bartlett Lane
Lynden, WA
$399,900
|
Recently Reduced! 
4267 Aldrich Rd
Bellingham, WA
$379,000
|
Recently Reduced! 
XXX Cain Lake Rd
Sedro Woolley, WA
$150,000
|
Recently Reduced! 
4905 Forsberg
|
|
79XX Kickerville Rd
Blaine, WA
$139,900
|
Recently Reduced! 
23XX Coyote Creek Dr
Bellingham, WA
$119,900
|
Community Update: Downtown Bellingham
Bellingham has a variety of local public art, shopping, fine dining and cultural entertainment.Specialty retail shops and restaurants are plentiful in Downtown Bellingham. The Mt. Baker Theatre, the Whatcom Museum, Children's Museum, American Museum of Radio & Electricity, and dozens of other destinations and galleries enrich the downtown atmosphere by providing a place for cultural and historical appreciation. Downtown Bellingham is a wonderful place to share with friends and family. Experience the unique atmosphere that is Downtown Bellingham!
Click Here to View All of Bellingham Real Estate |
NWMLS Stats: October 2009
Northwest Multiple Listings
Whatcom County
Bellingham
Closed Sales Report - Residential
860
Residential Units Average Price Median Price
81 $327,223 $274,500
Click Here to View Archived Statistics on all of Whatcom County |
Trendgraphix Featured Chart:
Bellingham
Interested in another area's statistics?
|
|
Economic Update: November/December 2009
According to the MBAA, applications rose about 3% last week. Applications to refinance were up about 11%, but applications to purchase properties fell almost 12%; however, since refinancing now accounts for 71.5% of all applications the total applications rose slightly.
The fixed-income markets were closed Veterans Day in spite of the equity markets being open. The results of the 10-year note were "solid". The auction came in at a yield of 3.47% and a bid/cover ratio of 2.81 - slightly below average. The Indirect bidders bought 47.3% of the auction, also slightly below average. Putting the Treasury market aside for a moment, mortgages rates did very well on a relative basis Tuesday. There is a very good demand for mortgage servicing right now, and with volumes light prices rose. The FED continues to buy mortgages regardless of price performance on a day to day basis. Today we will have a $16 billion 30-yr bond auction (currently at a yield of 4.40%). We have already found out that Jobless Claims fell for the second week in a row and the four-week moving average of claims was the lowest in nearly a year. Initial claims for state unemployment benefits dropped last week to a seasonally adjusted 502,000, the lowest since January, from a revised 514,000 the prior week. And the four-week moving average dropped to 519,750, the lowest since a matching level in the week ended Nov. 29, 2008. After the news we find our friend the 10-yr at 3.47% and mortgages roughly unchanged.
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." |
|
Monthly Payment Rate Sheet
Based on a Purchase Price of $250,000
30 Year Fixed:
Payment $1,043.29
Points .625%
% Down 20 %
Rate 4.75%
APR 4.939%
15 Year Fixed:
Payment $1,504.56
Points .25%
% Down 20%
Rate 4.25%
APR 4.514%
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." | |
|
|
Listing Alert
Would You Like to Receive New Listings Matching Your Search Criteria? Click here |
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... |
New to Bellingham: Now Open!
Bellingham's Newest Clothing Store: "Better Than New"
Hours: M-F 9:30am-6:00pm
Sat: 9:30am-5:00pm
Featuring:
-
Women's Clothing
-
Men's Clothing
-
Children's Clothing
-
Furniture
-
Plus Many Other Bargains
Proprietors: Kejo & Sirpa Halmekangas
360-933-4647
Located at 405 E Holly (Former Car Quest Building)
Across the street from the Community Food Co-op.
At the corner of Holly and Forest.
"I can personally guarantee a terrific value on new quality clothing." - Keith Cook |
Looking to Advertise?
Contact us if you have any information you would like to add to this newsletter.
|
|
November/December 2009
Upcoming Events!
November 15th - Commemorative Candle Lighting
November 17th - Casino Tour & Buffet
November 18th - Noir Night and Pinot
November 19th - Home for the Holidays
November 26th - Thanksgiving
November 27th - Fairhaven Holiday Gallery Walk
November 27th - Holiday Decor in Historic Fairhaven
December 2nd - Leopold Ballroom Dance
December 4th - Holiday Port Festival
December 5th - Magic of Chirstmas Parade
December 9th - Northwest Ballet The Nutcracker
| |
|
BuyerMax Videos! Are you or someone you know
YouTube looking to buy or sell real estate?
BuyerMax Has A Blog! Contact us today!
|
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
| |
|
|
|
