Why I love my neighborhood!

Nestled in Seattle’s Rainier Valley, you’ll find a neighborhood that is more alive than ever. For food, fun, friends or family — the Columbia City neighborhood almost has it all. But Patti Scott already knew that. Traveling from “across the pond,” this ex-Bellevue resident said she drove to Columbia City, lured in by fresh produce and the promises of fine dining. Columbia City’s location, rich history, racial diversity and local flavor made it the 67-year-old’s destination of choice. “For nine years I’ve been coming over here for the Columbia City Farmers Market,” Scott said, “and it never occurred to me that I would move here.” But she did. It was over a conversation with Tutta Bella Neapolitan Pizzeria co-owner, Joe Fugere, that Scott laid out a plan to make the move. ”

2008

Bill Dallas, Chairman of Dallas Capital, is an innovative thinker who’s been a leader in the mortgage industry for over 25 years. Bill has a well-earned reputation for developing creative products to expand home ownership opportunities. More importantly, Bill’s uncanny knack for foreseeing the future of the industry is astounding, and we are pleased to be able to share his amazing insights with you.

Interest Rates
Before we discuss 2008, let’s look at mortgage interest rates in 2007. Specifically, where we started, where we went, and where we are now.

2007 Mortgage Interest Rate Averages   January 4 High Point Low Point November 15 30 Year Fixed 6.18 6.74 (June 14th) 6.14 (March 8th) 6.24 15 Year Fixed 5.88 6.43 (June 14th) 5.86 (March 8th) 5.88 5/1 ARM 6.02 6.37 (June 14th) 5.87 (May 3rd) 5.96 1/1 ARM 5.42 5.84 (August 30th) 5.40 (May 22nd) 5.50

As you can see, interest rates aren’t much different now than they were in January of this year. The average mortgage rates in this chart remain generally unchanged.