THE HISTORIC EVERETT THEATRE (HET)
2911 Colby Avenue, Everett, WA 98201
Entertaining Everett Since 1901
http://historiceveretttheatre.com/ – Hetmanager@gmail.com
(425) 258-6766 – Box Office Hours
Tuesday through Saturday 11:30 am to 4:30 pm – Sunday–Monday Closed
Theatre produced events, box office will remain open until showtime.
Visit our Website or Box Office for more event information and to purchase tickets.
Upcoming 2016 Events and Concerts
TO PURCHASE TICKETS CLICK ON EVENT PHOTO
New Years Eve Concert December 31 8:00 PM
This years charity will be “The National Transplant Center”.
Get Your Tickets Here. or click below…
Special prices for under 18 available Singles $45 Couples $75
One of our lender partner put together this great assessment of the Fed’s interest rate raise and how that will impact homeowners.
The Fed just announced an interest rate increase of 0.25%. If you’re concerned about how that may affect you, please read on.
First, let’s give a little background on the Fed.
The Federal Reserve Board (the Fed) controls rates on overnight loans from bank to bank or from the Fed to member banks. The Fed adjusts rate policies to maximize employment and stabilize consumer prices. In this case, the Fed has seen some economic improvement. By raising rates, they are attempting to keep the pace of growth and inflation under control.
Two important things to remember:
– The Fed can influence, but does not directly set, most consumer rates.
– The Fed’s rates are short term and don’t always impact longer term rates, such as fixed-rate mortgage loans.
Here’s how the change may affect homeowners and home buyers:
- Interest charged on HELOCs (home equity lines of credit) will likely rise. If you have one, you may want to prepare for an increase in your monthly payment. In most instances, this increase will be small. If concerned, you may consider consolidating equity financing with a new, single, fixed-rate loan.
- Mortgage rates rose back in November after the elections, so this Fed move is largely factored in. In reality, fixed mortgage rates respond more to the economy and inflation than Fed actions, and investors anticipated this change.
As is always the case, we can’t say for certain what will happen next. Mortgage rates are always a function of investor sentiment and evolving economic indicators. Though the Fed indicated further rate increases are likely in 2017, changes remain speculative and will be based on the state of the economy and inflation at the time.
It’s important to remember that even if mortgage rates rise further, they are still low by historical standards. If you’ve been making plans, in all likelihood, they’re still viable.
One of our lender partners sent us this message. It’s great, and important, information and I wanted to share it with you ASAP.
|It’s official! The Federal Reserve Board announced a small .25% increase in interest rates. It’s been a while since a rate hike has made national news in the housing industry.
|Here are answers to some of the most common questions we get from homeowners:
|Q. Since the Fed raised rates, do homeowners need to take immediate action on my mortgage rate?
A. No, a modest increase is no reason to panic or make a rushed decision. But it is a good reason to plan ahead. Especially since the Fed is predicting more interest rate hikes in the coming year in response to the country’s improving economy and strengthening labor market.
|Q. Does a Fed rate hike automatically mean mortgage interest rates will rise?
A. No, there is not a direct correlation. It’s impossible to predict exactly how mortgage rates will react to changes at the Fed since the impact of Fed rate hikes on mortgages is driven in part by the type and terms of each home loan. A licensed home loan expert can provide guidance and offer advice based on how rates have reacted in the past and are projected to react in the future.
|Q. How do 30-year fixed-rate mortgages usually react to Fed increases?
A. The best gauge to anticipate how long-term fixed-rate mortgages will react is the U.S. Treasury note activity. Long-term fixed interest rates typically follow the same trend. Since the November election, we have seen both of these rates creep up. If the Fed continues to raise rates in the coming year, it is likely mortgage rates will continue to increase over time.
|Q. How will adjustable-rate mortgages react to the Fed increase?
A. Adjustable-rate mortgages are typically modified annually, and may be affected more significantly by continual Fed hikes. Because these mortgages are short-term in nature, now may be a good time to consider refinancing to stabilize a good rate.
|Q. Does refinancing a home loan make sense for all homeowners following a rate hike?
A. Any refinancing decision is best decided on a case by case basis. Simply put, if a homeowner can save a significant amount by refinancing to get a better rate, it may justify their time and energy.
|The most important step clients can take to be prepared for changes in interest rates is to talk with a home loan expert.
In this season of giving, here is a list of locations that can accept your food donations.
We recommend calling ahead. And remember, non-perishable food or cash!