Archive for January, 2010

Interest Rate News for January 19, 2010

Thursday, January 21st, 2010

Rates are currently at 4.875 at 1 point for amounts up to $417,000.  Rates on 15 year are at 4.25% at .5% points.

For loans between $417,000 and $567,500 they’re at 5.25% at .375.

Above $567,500 to $600k they are at 5.75%

 Tomorrow we have the Producer Price Index numbers and December new construction sales.  I think there is a better chance for rates to get better on the new construction numbers. I think there might be a slight improvement.  I think next Tuesdays existing sales numbers could have a huge bearing on the bond market.  I don’t think sales are as good as they should be with the different government stimulus programs.  I could be wrong,  just my opinion.

Go back in time with your house

Tuesday, January 12th, 2010

Have you ever wondered what your vintage house looked like in its younger years?  If your house was built prior to 1972, and particularly before 1940, you may be able to find out!

Between 1936 and 1940, the federal depression-era WPA funded a comprehensive survey of properties in King County. Hundreds of workers gathered information and took photographs of nearly every structure in the county. Between 1940 and 1972, the King County Assessors Office took over 1 million more photos. This entire collection photos is housed at the Washington State Archives Puget Sound branch, located in Bellevue.

You will need your home’s tax number or legal description when you call the archives at 425-564-3942. Whether you want to restore your house to its original appearance, or are just curious how your abode may have changed over the last 70+ years, this wonderful resource is what you need.

And for a short history on this unusual project, visit historylink.org.

Interest Rate News for January 12, 2010

Tuesday, January 12th, 2010

Rates are currently at 4.875 at 1 point for amounts up to $417,000.  Rates on 15 year are at 4.375% at .5% points.

For loans between $417,000 and $567,500 they’re at 5.25% at .5.

Above $567,500 to $600k they are at 5.75%

Tomorrow will be the biggest day of the week on the economic side.  There will be a large bond auction, if the market has many buyers of bonds the rates will improve.  Corporate profit will have a large influence if traders think that corporate income is going to do well then they won’t buy bonds.  If they feel the corporate market isn’t going to do well then they will buy bonds.  I think the latter.  I could be wrong,  just my opinion.