Eugene Loan Guy

Posts Tagged ‘mortgage fees’

What is going to happen with mortgage interest rates in Eugene/Springfield? Right now the bond market is being partially supported by purchases of mortgage bond by the Federal Reserve. They have purchased about $1Trillion in mortgage backed securities so far and plan on buying almost $200 billion more between now and the end of March when they are supposed to stop buying. What will happen when the Fed is no longer buying Bonds when you are trying to buy a home in Lane County or anywhere in Oregon? Good question that I think will be answered with higher mortgage interest rates for Cottage Grove, Creswell, Veneta, Junction City, Oakridge and Florence. Read More

As I have said before, I don’t normally quote mortgage rates for a number of reasons, but I am going to make an exception again today. Today’s 30 year fixed rate for a conventional loan for the Eugene/Springfield, Lane County Oregon market is at 4.875%/5.041% APR*. The reason I am doing this is because I think this rate will be going up shortly. How soon is a really good guess, but undoubtedly by the end of March, but I expect it to happen much sooner. Read More

Interestingly, the Good Faith Estimate, a backbone of the mortgage industry, will be changing on January 1, 2010 with some very major changes, designed to help consumers compare loans from one lender to another. Very major changes but unfortunately, we still don’t know what all of them are or how they are being interpreted because HUD hasn’t released the final information yet. This is something that will have a direct bearing on your Real Estate transactions in the Eugene/Springfield area and is supposed to make shopping for a mortgage easier, but will it? Read More

One of the most watched reports in the housing industry came out today, the Standard and Poor’s Case Shiller Home Price Indices which measures the value of home prices in 20 metropolitan markets across the United States. These indices come out monthly but have a two month time lag. That means the information that came out today was for April. Of the 20 national markets followed, a couple actually showed a positive improvement over March and many showed less of a slide than the previous months. Read More

Can I get you the best mortgage interest rate available today? Are my fees lower than anyone else making real estate loans? Do I have every mortgage program available in the market place? Do you want to do business with me? Why? Read More