Eugene Loan Guy » 4% interest rates http://eugeneloanguy.com Eugene and Springfield's Source for Real Estate Mortgage Loan Information -- a FHA/VA/USDA Loan Specialist Thu, 03 May 2012 00:30:24 +0000 en hourly 1 http://wordpress.org/?v=3.3.2 Is now the right time to buy or refinance? http://eugeneloanguy.com/2009/01/27/is-now-the-right-time-to-buy-or-refinance-are-we-there-yet/ http://eugeneloanguy.com/2009/01/27/is-now-the-right-time-to-buy-or-refinance-are-we-there-yet/#comments Tue, 27 Jan 2009 22:09:18 +0000 Fred Chamberlin http://eugeneloanguy.com/?p=440 My honest suggestion is that if you have been waiting to purchase a home due to fear or greed, you should seriously consider doing it now. If you have been waiting for that ideal interest rate to refinance your current loan, you should get on a rate watch list right now. You can fill one out on my Oregon page under Mortgage Rate Watch. We may or may not see additional reductions in rate, but if we do, I expect them to be temporary.

Is now the right time to buy or refinance? is a post from: Eugene Loan Guy

]]> The latest news from the housing market continues to be mixed but with some definite upbeat news. Yesterday, the government announced that existing home sales were higher than expected and higher than the month previously. Today the consumer confidence came in lower than was expected and lower than the month before. It is the consumer confidence that shows that people are willing to start making purchases, not just homes, but appliances, cars and other than staple items. The Fed continues to purchase mortgage backed securities and mortgage rates are dropping below 5% again for a 30 year fixed. Additionally, according to the Mortgage Market Guide, “Harris Private Bank in Chicago Jack Albin says ‘worst is over in housing market’ and that home prices on a national basis are at ‘fair value’ when gauged against the Consumer Price Index.” Read More

]]> http://eugeneloanguy.com/2009/01/27/is-now-the-right-time-to-buy-or-refinance-are-we-there-yet/feed/ 0