May 2008 
There are 5 blog entries for May 2008.
Memorial Day Tribute - Drive On by Johnny Cash
Monday, May 26th, 2008 at 9:20pm. 803 Views, 13 Comments.
I wanted to do some sort of tribute for Memorial Day, our killed and lost Soldirs, our Vets and all their families.
In my search I came across this Johnny Cash tune that just knid of hits home for me. Johnny Cash's music just kind of soothes my soul, so if you like Cash I hope you will enjoy this tune called "Drive On"
Mortgage Rates Holding Steady For Oregon Home Buyers
Saturday, May 17th, 2008 at 10:50am. 685 Views, 5 Comments.
Rates are holding pretty much the same, as shown below. This morning it was reported that the April Housing Starts actually increased. Certainly not by very much, but it was an increase. The analysts had expected another decrease in the number of new homes being built. This is significant because the weak housing market has been thought to be one of the biggest contributors to the overall weakness of the economy. This turn around may be short lived, but apparently there's someone out there banking on a better market in the near future. Actually, I guess we all are, and given the knowledge we have about the power of positive thinking, it's got to be a good thing.
Okay, for the “glass half empty” folks, the University of Michigan 's Index of…
Weekly Florence Oregon Mortgage News
Saturday, May 10th, 2008 at 3:17am. 637 Views, 6 Comments.
Mortgage rates got a little better on Wednesday and Thursday, and leveled off today. We're seeing the 3 year and 5 year ARM loans coming back down to much better rates.
Some of the initial rate drops this week were spawned by the ongoing run up in the price of crude oil. Now, I have said many times that the bond market generally goes down when there is a perceived threat of inflation, thereby raising mortgage rates, and this is true. However, what we saw this week was a little different. Investors became very concerned that the inflationary affects that fuel prices are having on consumer goods would cause consumers to curtail spending. This in turn could cause the stock market to decline, so they began moving their funds from the stock market to the…
Florence Oregon Rhododendron Festival - Rhody Days
Sunday, May 4th, 2008 at 1:05am. 1183 Views, 2 Comments.
The Rhody Days Festival is held the 3rd week of May every year in Florence Oregon on the amazing Central Oregon Coast. The festivities this year run May 16th, 17th and 18th, 2008.
This year makes 101 years of this springtime festival that first started in 1908 and that has seen many changes over the years. From the remote logging and fishing town of less than 500 residents to a tourist and retirement destination of roughly 9,000 residents with paved roads and a bridge spanning the Siuslaw River. Florence is now on the Scenic Coastal Highway 101 and only an hour from Eugene on Highway 126.
The annual Florence Rhody Days Festival has grown to over 100 parade entries and attracts an estimated 15,000 visitors for this fun and exciting 3 day…
Oregon Home Buyers Have Another Week Of Low Mortgage Rates
Saturday, May 3rd, 2008 at 3:35am. 517 Views, 0 Comments.
The Labor Dept takes the spotlight today, as it always does on the first Friday of each month. The unemployment figure dropped from 5.2% to 5.0%, and there were only 20,000 jobs lost during the month of April. That's 20,000 people who don't see this as a good thing at all, but never-the-less the figure was way below the expected loss of 75,000 jobs. This means that from an employment standpoint, the economy is not as bad as many had thought. However, there are no predictions for the future that can be drawn from this.
Another significant figure that came from this same report is the average hourly earnings increase of 0.1%, well below the 0.3% that was forecast. Though that doesn't seem to be a good thing either, it does ease the threat of wage…
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