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There have been a lot of developments over the recent past that are relevant to home buyers in Washington. This article will help get you up to speed on buying a home in Washington in 2022.
From mortgage rates to home prices, we’ve seen quite a bit of change across the real estate industry. So let’s get caught up! Here’s a curated list of our best articles for those who are planning to use a mortgage loan to buy a home in Washington in 2024.
A congressional tax committee released a report that showed fewer homeowners in Washington and nationwide will use the mortgage interest deduction in 2024. Most of the benefits will go to wealthier households. This is a story we’ve been following, and writing about, for months.
According to recent forecasts, three Washington cities have seen big home-price gains of any major metro area in the U.S. Bremerton, Spokane, and Tacoma made the list of top-appreciating housing markets.
House values across Washington State have risen steadily so far in 2024, and tight inventory in many markets across the state is playing a big role. Limited inventory increases competition among buyers.
According to surveys conducted by the Mortgage Bankers Association, a higher number of home buyers in Washington and nationwide are using adjustable / ARM loans to buy a house. But the 30-year fixed-rate mortgage is still the most popular product by far.
This article is a must-read for Washington home buyers who need to use a mortgage loan to finance their purchases. It explains some of the common requirements borrowers encounter when applying for a home loan in Washington.
The articles above offer a good update on real estate and mortgage trends in Washington. So they make excellent reading material for anyone planning to buy a house in Washington in 2022. For those in a hurry, here’s a recap of the biggest stories, trends and developments.
Washington real estate and mortgage trends:
Sammamish Mortgage has been helping Washington home buyers and homeowners with their mortgage needs since 1992. We’re a family-owned business based in Bellevue, WA, and provide mortgage programs to borrowers in Washington, Oregon, Colorado, California, and Idaho. Please contact us if you have financing-related questions.
Whether you’re buying a home or ready to refinance, our professionals can help.
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No Obligation and transparency 24/7. Instantly compare live rates and costs from our network of lenders across the country. Real-time accurate rates and closing costs for a variety of loan programs custom to your specific situation.