Current Mortgage Outlook

Bond prices and home loan rates swung wildly all of last week. Mortgage Bonds bounced around so dramatically, that home loan rates changed as much as a quarter percent during a single day, on two separate occasions last week. After all the exhausting action, home loan rates worsened by about .25% for the week overall.
Bonds hate inflation because over time, it erodes the purchasing power of the fixed of return they provide. And when consumer inflation was reported at its highest level in years, Bonds were hit hard. But some weak data on both Housing and Manufacturing, along with some sweet comments from the Fed, helped pour some sugar on Bonds as they rallied back and improved.
But wait...just when you thought the party was over, Mr. Excitement, Dallas Fed President and voting FOMC member Richard "Loose Lips" Fisher grabbed the stage. A known inflation hawk, who often blurts market moving comments in an almost uncontrolled fashion, "Loose Lips" lived up to his wild reputation by roiling the Bond market with warnings about inflation and the credit markets.
AND WHILE BONDS MAY BE ACTING SICK FROM TOO MUCH SUGAR, YOU LIKELY KNOW SOMEONE WHO HAS RECENTLY BEEN SHOWING SOME FLU LIKE SYMPTOMS. THIS YEAR'S FLU SEASON IS ONE OF THE WORST EVER. FIND OUT WHY, AND HOW TO BETTER PROTECT YOURSELF IN THIS WEEK'S MORTGAGE MARKET VIEW.





Forecast for the Week




If you like economic reports with the letter "P"...this is your kind of week. PPI, a measure of wholesale inflation will be reported along with PCE, which is the Fed's favored measure of consumer inflation. Additionally, GDP, and the Purchasing Managers Index will give us a look at the strength of the economy. Also in the mix are potential market movers like Durable Goods and Existing Home Sales.
A look at the chart below shows how the Bond has been bouncing off the walls of the 100 and 200-day Moving Averages. It is likely that this pattern will continue amidst all the economic data to be released. And because the range between these two boundaries is so wide, there will probably be more huge price swings ahead.
Chart: Fannie Mae 5.5% Mortgage Bond (Friday Feb 22, 2008)





Erik Friele
Remax Central Associates
206-384-0632
Erik@Wa-Homes.com

visit these fine websites

http://www.wa-homes.com For info on homes around Western Washington

http://www.McMickenRealty.com For info on homes around Seatac

Http://www.threetreepointrealty.com For info on homes around Three Tree Point & Burien Waterfront Homes

http://www.bellevuerealtysearch.com For info on homes in and around Bellevue

http://www.thesnoqualmieridge.com For info on homes around Snoqualmie Ridge

http://www.clydehill-homes.com For info on Luxury Homes in Clyde Hill , Yarrow Point ,
Mercer Island, Hunts Point & Medina

Painting your rooms Like a pro Helps get your home Sold fast

Nothing livens up a room better than a coat of fresh paint. Whether you choose a bold crimson or a subtle shade of soft blue, painting is a simple and inexpensive way to add value to your home, as well as lift your spirits.

Like any home-improvement project, however, a little preparation goes a long way.
Before you begin painting:


*Buy high-quality paint brushes and rollers; they’ll last longer and do a better job

*Purchase enough paint to finish the entire room; colors can vary between batches

*Wash the walls thoroughly

*Use caulk to fill in any holes and sand the patched surfaces

*Remove light switch and electrical outlet covers

*Cover the floor with plastic drop clothes


When you paint, remember to start from the top. Begin at the ceiling, work down the walls and finish with the doors and trim. That will help protect finished areas from splatters.

I hope you find this information helpful.
If you have any questions about your home or other real estate needs,
Erik Friele
Remax Central Associates
206-384-0632
Erik@Wa-Homes.com

visit these fine websites

http://www.wa-homes.com For info on homes around Western Washington

http://www.McMickenRealty.com For info on homes around Seatac

Http://www.threetreepointrealty.com For info on homes around Three Tree Point & Burien Waterfront Homes

http://www.bellevuerealtysearch.com For info on homes in and around Bellevue

http://www.thesnoqualmieridge.com For info on homes around Snoqualmie Ridge

http://www.clydehill-homes.com For info on Luxury Homes in Clyde Hill , Yarrow Point ,
Mercer Island, Hunts Point & Medina

McMicken Heights Seatac Washington

McMicken Heights is located Just East of the Seatac Airport Just West of Southcenter Mall South of Seattle in South king County and is right next to the light rail project that is planed to be finished mid 2009 homes in this area are afforadable current pricing is Starting in the $250,000 price Range and new contstruction is priced up to $900,000


Here is an example of a currenty listed home in the area its a updated 5 Bedroom 1.75 Bathroom 2000 Sq Ft Home hardwood floors refinished Kitchen is completly redone New tile floors downstairs home home sits on a 8400 Sq ft lot and is being offered at $375,000
for more info on these homes Erik Friele
Remax Central Associates
206-384-0632
Erik@Wa-Homes.com

visit these fine websites

http://www.wa-homes.com For info on homes around Western Washington

http://www.McMickenRealty.com For info on homes around Seatac

Http://www.threetreepointrealty.com For info on homes around Three Tree Point & Burien Waterfront Homes

http://www.bellevuerealtysearch.com For info on homes in and around Bellevue

http://www.thesnoqualmieridge.com For info on homes around Snoqualmie Ridge

http://www.clydehill-homes.com For info on Luxury Homes in Clyde Hill , Yarrow Point ,
Mercer Island, Hunts Point & Medina

Are you ready to buy a home

These simple tips will help you find and purchase the home of your dreams more quickly and efficiently.

Know what you want The last thing you need is to close a deal and realize you bought a house you don't want. Ask yourself what you're looking for in a home, before you shop. Think about size, commute time and necessary repairs.

Be a smart consumerLearn the financing basics. Know how to shop for a home loan that's right for you.

Get pre-approved This takes very little time and lets you know the price range that fits your lifestyle.

Keep your debt load to a minimumDon't make major purchases or incur any additional debt until after your purchase. Pay down credit cards and don't apply for new ones. Remember, financial institutions evaluate your financial situation on your gross monthly income. Your total monthly house costs should not exceed 28 percent of your gross monthly income.
Be prepared to view new properties quickly Sometimes homes sell quickly, so be ready to make fast decisions. Be accessible to change the terms.

Have instant access to your agent Instant communication can mean the difference in purchasing the property of your choice.

More buyer tips can be found on my website, as well as a search option that allows you to search for homes with the features you want most. If you have any questions, please feel free to call me or e-mail. I’m confident I can help you as your search for your new home.

Erik Friele
Remax Central Associates
206-384-0632
Erik@Wa-Homes.com

visit these fine websites

http://www.wa-homes.com For info on homes around Western Washington

http://www.McMickenRealty.com For info on homes around Seatac

Http://www.threetreepointrealty.com For info on homes around Three Tree Point & Burien Waterfront Homes

http://www.bellevuerealtysearch.com For info on homes in and around Bellevue

http://www.thesnoqualmieridge.com For info on homes around Snoqualmie Ridge

http://www.clydehill-homes.com For info on Luxury Homes in Clyde Hill , Yarrow Point ,
Mercer Island, Hunts Point & Medina