July 2008 
There are 2 blog entries for July 2008.
Oregon Mortgage Rates - Up Date on Lane County
Saturday, July 26th, 2008 at 1:05am. 680 Views, 0 Comments.
Rates got a tiny bit better this week as things settled down somewhat, at least temporarily, in the financial world. For the most part, nationally, banks reported better than expected earnings in the second quarter, which helped dispel the fears brought on by the Indy Mac takeover. Also, Fannie and Freddie have gained the support needed in Congress to calm things down.
The U.S. Commerce Dept. reported that orders for “durable goods” (products intended to last for more than 3 years) were up in the month of June. Also, a big surprise to analysts, the sales of new homes were up in June as well. These two reports were a positive to the economy, which in turn, was a negative to the bond market, and therefore rates were not down as far as they might have…
Lane County Oregon Mortgage Update - Florence Oregon to Eugene Oregon
Friday, July 18th, 2008 at 11:53pm. 699 Views, 4 Comments.
Continued concerns about inflation, as well as some pretty irresponsible comments regarding a long list of possible bank closures, has caused investors to leave the bond market; and the downward trend of pricing in that market has moved mortgage rates up substantially in just a few days. Compare the rates below with last Friday's, and you'll see what I mean.
The agency take-over of IndyMac Bank this past weekend was not completely unforeseen. They have been heavily leveraged in the mortgage market for many, many years, and have been the largest player in the residential construction loan market. However, the scare was due to the fact that they were a very large “bank” with depositors who had nothing to do with mortgage losses, or huge credit card…
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