Posts Tagged ‘Mortgage Rates’

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

Yesterday I posted about “just because you can refinance your mortgage, should you.” Today, I want to touch on another question and that is, “Can you.” I got a call yesterday from a person that wanted to know what the rate was for a refinance. That was it, no lead in, no information from her, just, what is the interest rate? When I told her that I needed information to be able to give her information her response was that the other people she talked to didn’t ask any questions. Read More

Well, we finally have the Lane County Property Page up and running. So far, the listings are a bit scarce, but I expect that to improve over time. I expect to be posting pictures and videos of some of the Eugene and Springfield properties listed for sale by my Realtor partners. I don’t sell the homes, I just make financing as painless as possible by being the best mortgage loan officer with the best rates that I can. Of special note is a property that is having an open house today: Read More

Danny Thornton is a friend of my on the far side of the United States. It is amazing what can be accomplished today through the internet and free long distance calling. It is Danny’s opinion (and mine) that today’s low interest rates and drop in housing prices have made this an ideal time to seriously consider making that home purchase you may have been putting off. I believe Danny makes some excellent points, please let me know your views.

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The following is from a blog post about a conventional loan interest rate reduction that I had on Active Rain from December 4th. This post created quite a firestorm of responses from those that were excited with the news to those that thought the intervention of the Treasury was the wrong thing to do, to those that thought rates didn’t matter. Real Estate Mortgage interest rates are a hot topic for discussion. Lower rates could drive both purchases and refinances. Not only was there a lot of immediate discussion, but there are still questions coming in. Today, brought this comment:

Posted in Mortgage Loans, Springfield Oregon, Uncategorized | Tags: Conventional Loans, Eugene, First time home buyers, Interest Rates, Lane County Oregon, Mortgage Rates, oregon, Springfield | 5 Comments »