Tag Archives: distinctive properties

Mortgage Rates Tick Up For Second Consecutive Week

Posted on February 21, 2014 by Erin Johnston

Mortgage rates across the United States have risen slightly for a second consecutive week. The average rate on a 30-year fixed mortgage inched up to 4.33 percent from 4.28 percent last week, according to the latest survey from mortgage buyer Freddie Mac. … Continue reading →

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Buy a Home for Your Valentine!!

Posted on February 14, 2014 by Erin Johnston

Here are Distinctive Properties, Inc. weekends open houses, there are quite a few so stop in, check them out and meet our agents!! Saturday, February 15th Pasco Homes: 6310 WASHOUGAL, Open 1-3:00.  $170,000.  3 BR, 2 ba open plan w/vaulted ceilings.  Spacious … Continue reading →

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Mortgage Rates Continue Downward Trend

Posted on January 31, 2014 by Erin Johnston

Mortgage rates for the most popular loans decreased this week as reports of a weakening economic recovery showed a decline in December new home sales. Adding to the drop in averages — for the fourth consecutive week — was another … Continue reading →

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Budgeting ? Don’t Make These 4 Classic Mistakes

Posted on January 30, 2014 by Erin Johnston

If you planned out to start 2014 with a budget, you are not alone. Last year nearly half of all Americans were unable to afford basic need bills such as medical car or housing and 1/3 were living day to … Continue reading →

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Mortgage Rates Dip for Second Consecutive Week

Posted on January 24, 2014 by Erin Johnston

There is good news for those looking to buy a home or have homes for sale in Pasco, Richland, Kennewick and the surrounding Tri Cities areas. Mortgage rates dipped for the second consecutive week, with the most popular loans falling to … Continue reading →

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2014 Home Prices Expected To Remain Close To The Same

Posted on January 22, 2014 by Erin Johnston

2014 will still be a seller’s market as prices are not expected to rise as much as last year. Although inventory is improving, it is still about 15% below the normal. This is also great for buyers, because less home … Continue reading →

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New Mortgage Rules In Effect

Posted on January 17, 2014 by Erin Johnston

Starting January 10th, 2014, new rules will be instated designed to help make mortgages safer. Unfortunately, these new rules come at a difficult time as fewer homeowners are refinancing and could result in less choice for borrowers. With lending already … Continue reading →

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More Good News for Borrowers

Posted on January 10, 2014 by Erin Johnston

The mortgage fee increase on loans backed by Fannie Mae and Freddie Mac that was supposed to go into effect this Spring, has been postponed by the FHFA for further evaluation. Fannie Mae and Freddie Mac do not issue loans, … Continue reading →

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Mortgage Forgivness Debt Relief Act Has Ended

Posted on January 9, 2014 by Erin Johnston

January 1st hailed the expiration of the Mortgage Forgiveness Debt Relief Act that was created by Congress back in 2007, to assist homeowners who were struggling due to the loss of their homes. The relief act allowed homeowners behind in … Continue reading →

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