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November Mortgage Rates Fall to Lowest Level in Over a Year

Mortgage rates continued to trend lower in November, with the 30-year fixed-rate mortgage (FRM) averaging 6.24% — the lowest level in over a year — while the 15-year averaged 5.51%. Rates remain down compared to a year ago, and the month also saw a slight uptick in the 10-year Treasury yield and ongoing market uncertainty reflected in the wider mortgage–Treasury spread.

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By Noah Haglund, The Everett Herald

Everett, Wash.—A united Snohomish County Council passed a budget Monday that staves off most public safety cuts with help from a modest property tax increase.

The spending plan for 2017 followed the contours that council Chairman Terry Ryan had recommended a week earlier. Ryan's budget, in turn, hewed closely to a $238 million plan that Executive Dave Somers unveiled in September, though the council softened cuts to key sheriff's office programs.

The Builders’ Bulletin is intended to provide a convenient way to track housing in our market and includes information from the Northwest Multiple Listing Service, State of the Cities Data Systems, Office of Financial Management and the Washington State Employment Security Department.

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