Two nearly identical forecasts issued over the last week predict rising mortgage rates in Oregon and Washington, our primary service area. Both reports predicted that the average rate for a 30-year fixed home loan would climb to around 4.9% by…
Are you planning to buy a home in Washington during summer 2018? It might work to your advantage. Competition tends to drop off a bit after the spring, research shows. For example, a study by Zillow found that "In Seattle,…
Real estate markets across Washington State are highly competitive right now. Common conditions include rapidly rising home prices, short supply, and fierce competition. Today, we will look at five similarities between the Seattle and Kirkland housing markets as we head…
Yesterday, we examined a common question on the minds of some residents across the state of Washington. Is the state experiencing a real estate bubble? While home prices have clearly risen at a pace that's above average, several economists have…
Article summary: Sammamish Mortgage offers home loans with reduced private mortgage insurance (PMI) premiums. These products could benefit many borrowers in Washington and Oregon, our primary service area. Why Some Home Buyers Have to Pay PMI Some home buyers in…
Home prices in Washington State have risen steadily over the last few years, and at a faster pace than almost every state in the country. And the property tax rate has gone up as well. But a recently passed budget…
A survey from 2017 found that the majority of residents in Washington (71%) felt that the state was approaching a housing bubble. That was a higher percentage than any other state in the nation. On top of that, recent forecasts…
Home buyers who are planning to buy a house in Vancouver, Washington in the summer or fall of 2018 should expect competition. Limited inventory and steady demand will keep the Vancouver real estate market competitive for the foreseeable future. In…
Every home buyer and homeowner wants to get the lowest possible mortgage rate when taking out a loan. But how do you actually achieve this goal? What are the primary factors that affect the mortgage rate you receive from a…
We've been talking about the rapid rise of home prices in Washington for quite some time now, and how the state continues to outpace the nation. Well, here we go again. Two recent reports by CoreLogic, a real estate data…