Category Archives: Real Estate

Price Just Reduced: 8805 13th St NE, Lake Stevens

Lake Stevens HUD Awaits Your Vision. Spacious main floor connects the kitchen & living room together. New stove & fridge are a fresh bonus. Living room gets great natural light flooding through double pane vinyl windows. Head upstairs to your 3 bedrooms. Quaint low maintenance fenced backyard allows for great privacy. Outbuilding will be great for working on hobbies & still have room for storage. Excellent location gives you great shopping, eating, & quick access to freeway. Sold As Is. FHA Case 561-767608.

Front view of 405 Cascade Ave, Granite Falls

New on the market: 405 Cascade Avenue, Granite Falls

Amazing character to be had as you walk up to your home. Inside you will marvel at the high vaulted ceilings in living space. Kitchen has plenty of counter & cabinet space dawning eat up bar. Laminate faux wood flooring through kitchen, living space, and hallway. Carpets in spacious bedrooms. Master bedroom has private full bath & sliding glass door to back yard. Shed out back is perfect to store your lawn equipment and tools. FHA 561-912951

Presented By:

CK Real Estate Team, Keller Williams, NWRE,LLC

Keller Williams
360-474-5128
Licensed In: WA
License #: 24454

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Front view of 1340 Pilchuck Dr, Camano Island

New on the Market: 1340 Pilchuck Drive, Camano Island

Enjoy working on your hobbies in the large shop. Vaulted ceilings give an amazing airy feel in main living area. Kitchen has plenty of room to prep your favorite meals. Spacious master has its own private bath, vaulted ceiling, and walk in closet. Front deck is partially covered & great spot to entertain. Back yard has tons of room to have fun along with a large shed to store items. Come take a look at this 3 bed 2 bath home. Sold As Is.

Presented By:

CK Real Estate Team, Keller Williams, NWRE,LLC

Keller Williams
360-474-5128
Licensed In: WA
License #: 24454

  • Link on Facebook
  • Link on Twiiter
  • Connect on YouTube
  • Connect on Google+
  • Connect on LinkedIn

Schedule a Showing/Request Info

Front view of 1340 Pilchuck Dr, Camano Island

Enjoy working on your hobbies in the large shop. Vaulted ceilings give an amazing airy feel in main living area. Kitchen has plenty of room to prep your favorite meals. Spacious master has its own private bath, vaulted ceiling, and walk in closet. Front deck is partially covered & great spot to entertain. Back yard has tons of room to have fun along with a large shed to store items. Come take a look at this 3 bed 2 bath home. Sold As Is.

Presented By:

CK Real Estate Team, Keller Williams, NWRE,LLC

Keller Williams
360-474-5128
Licensed In: WA
License #: 24454

  • Link on Facebook
  • Link on Twiiter
  • Connect on YouTube
  • Connect on Google+
  • Connect on LinkedIn

Schedule a Showing/Request Info

The Fed raised rates. What does that mean for you?

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.

 

The Fed Raised Rates Last Week: Some Insights From A Lender

One of our lender partners sent us this message. It’s great, and important, information and I wanted to share it with you ASAP.


The Fed Raises Rate – Here’s What Your Clients Need To Know
 

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.

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Home Builder’s Sentiment Jumps to Highest Level Since 2005

Home Builder’s Sentiment Jumps to Highest Level Since 2005:

Call it the Trump rally in homebuilding — not the stocks, but the sentiment of the builders themselves.

A monthly reading of homebuilder confidence spiked 7 points in December, its first measure done after the presidential election.

The National Association of Home Builders/Wells Fargo Housing Market Index (HMI) rose to 70, the highest level since July 2005. Fifty is the line between positive and negative sentiment. The index has not jumped by this much in one month in 20 years. It stood at 60 one year ago.

This notable rise in builder sentiment is largely attributable to a post-election bounce, as builders are hopeful that President-elect Trump will follow through on his pledge to cut burdensome regulations that are harming small businesses and housing affordability,” said NAHB Chairman Ed Brady, a homebuilder and developer from Bloomington, Illinois.

“This is particularly important, given that a recent NAHB study shows that regulatory costs for homebuilding have increased 29 percent in the past five years,” added Brady, whose name has come up as a possible head of the Federal Housing Administration in the Trump administration.

Of the index’s three components, current sales conditions increased 7 points to 76, sales expectations in the next six months rose 9 points to 78 and buyer traffic rose 6 points to 53. This is the first-time buyer traffic has been in the positive since October 2005.

Smart Home Technologies Becoming More Important to Buyers:

Rates At a Glance
Mortgage Rates
Currently Trending
7 Day Mortgage
Rate Forecast
This Week’s
Potential Volatility
Neutral Neutral Average
(by Sigma Research)
Realtor Report
Smart Home Technologies Becoming More Important to Buyers:

As smart homes become more popular among consumers, buyers and sellers are showing greater interest in those homes and smart-home technologies.

A recent survey of home buyers by the National Association of Realtors showed that in terms of smart home devices, 37 percent of Realtors said clients find smart locks to be very important, followed by lights at 29 percent and thermostats at 26 percent. Forty-three percent said clients were neutral about the importance of voice control features and 38 percent for smart appliances and doorbells.

When it comes to the importance of smart home functions to their clients, 80 percent of Realtors see security as very or somewhat important. Nearly half of Realtors view privacy as a very important smart home function to their clients, while 30 percent see it as somewhat important. Four in ten Realtors see both cost savings and energy savings to be very important to their clients and 38 percent see comfort to be a very important smart home function.

According to the report, slightly more than half of Realtors’ clients were not familiar with what’s available for smart home technology. Nearly 40 percent of Realtors discussed security and privacy issues with their clients followed by technology cost at 31 percent and interoperability at 6 percent.

Of the many types of smart home technologies available, 42 percent of Realtors said clients were most interested in smart home devices, followed by whole home technology (22 percent) and smart home technology for specific rooms (13 percent); 41 percent of clients were not interested in any of these technologies.

Source: Realtor.com

This Week’s Mortgage Rate Summary
How Rates Move:

Conventional and Government (FHA and VA) lenders set their rates based on the pricing of Mortgage-Backed Securities (MBS) which are traded in real time, all day in the bond market.  This means rates or loan fees (mortgage pricing) moves throughout the day, being affected by a variety of economic or political events.  When MBS pricing goes up, mortgage rates or pricing generally goes down.  When they fall, mortgage pricing goes up.  Tracking these securities real-time is critical.  For more information about the rate market, contact me directly.

Rates Currently Trending: Neutral

Mortgage rates are trending sideways this morning.  Last week the MBS market worsened by -25bps.  This was enough to worsen mortgage rates or fees.  Mortgage rate volatility is relatively low so far today.

This Week’s Rate Forecast: Neutral

Three Things: The following three things have the greatest ability to impact mortgage rates this week: 1) The Fed, 2) Retail Sales/Domestic Data and 3) Oil

1) The Fed: The much-anticipated December Fed meeting is finally approaching. At this meeting, not only will we get their policy statement but also their economic projections (dot plot chart) and a live press conference with Janet Yellen. The market is widely expecting a 1/4 rate hike but if the Fed either does not hike rates or hikes rates more than a 1/4 point, it will cause a lot of volatility for MBS.

2) Domestic Data: We have a large plate of economic data this week including PPI and CPI but Retail Sales is the most important of the week.

3) Oil: WTI Oil is now above $53 as Saudi Arabia says that they’ll “do whatever” it takes to get production levels lower.

Treasury Auctions:

  • 12/12 3 year and 10 year notes.
  • 12/13 30-year bond

This Week’s Potential Volatility: Average

Today we expect mortgage rate volatility to be relatively low. Mortgage rates should continue to trade in the very tight range this week unless something unexpected happens at the Fed meeting on Wednesday.  Another wild card is oil.  The continue rise in oil prices is having a negative affect on mortgage rates.

Bottom Line:

If you are looking for the risks and benefits of locking your interest rate in today or floating your loan rate, contact your mortgage professional to discuss it with them.

Three Simple Upgrades to Make Your Home Smarter

Controlling your entire home with the touch of a button has never been easier.Upgrading your home with new, smart technology could not only keep you safer and save you time and money, it could also increase the value of your home! Here are a few simple, smart upgrades you can make now that will appeal to buyers for years to come:

Thermostat

Smart thermostats allow you to adjust the temperature of your house directly from your phone. Optimizing heating and cooling can decrease energy usage and translate to substantial energy savings.


Carbon Monoxide / Smoke Detectors

Smart carbon monoxide and smoke detectors employ innovative features such as self-testing, direct communication with your cell phone, and advanced sensors that can detect both slow-burning and fast-burning fires.


Keyless Entry

New keyless entry devices allow homeowners to remotely unlock their doors from their cell phones. Enjoy the peace of mind knowing, for certain, that you remembered to lock your door every morning.


To discuss what smart investments you can make in your home, call me today.