Will there be a rate hike in the near future? Take a look at this weeks weekly mortgage update for the answer.

Weekly Mortgage update for October 30,2006.

Here is this weeks weekly mortgage update.

Mortgage update for October 26, 2006

Here is snap shot of this weeks weekly mortgage update.

Mortgage update for the week of October 16th, 2006.

Here is the forecast for interest rates for the week of October 9th, 2006

Weekly mortgage update

Here is this weeks weekly mortgage outlook!

October 3rd, 2006 mortgage update.

*769 went pending in the month of August

Yes, the market has “softened”. The market times have increased, inventory is rising, and prices of active listings have been dropping. What does all this mean? We are starting to experience a more “normal” market in Snohomish County. The real estate boom has lasted for well over ten years with great appreciation, and for the market to stay healthy, it is self-correcting. Typically the next few months are slower, so let’s see how we do. I will keep you informed! The saturation rate is now above 2 months of inventory.

Current interest rate for a 30-year fixed with no points is around or below 6.25%.