January 2009 
There are 5 blog entries for January 2009.
Great Interest Rates, Low Home Prices Equals Good Time To Buy
Sunday, January 25th, 2009 at 12:35am. 822 Views, 22 Comments.
Mortgage rates have moved up a bit, but are still phenomenal, (see below). If you've been watching the markets at all, or listening with one ear at the national news, you know that the stock market has been in the same up 200, down 200 that we've seen for the last couple of months.
The bond market however, is staying fairly steady, but with a downward trend. This is driving interest rates up slightly. It seems that the bulk of this trend is being caused by investors taking advantage of the profits that are available in all markets, and moving away from the “safe haven” of bonds for the time being.
With all the policy changes that are coming down the pike, and the new shift in personnel in the Obama administration, there are a lot of unknowns…
Eugene Mortgage Rates | Eugene Real Estate
Saturday, January 17th, 2009 at 12:42am. 443 Views, 2 Comments.
After months of talking about dollar amounts with a capital B behind them, I think we're all getting a little tired. The call today was to “Fix the banks first”. I have no clue how to do that, but it appears that I'm not alone. The U.S. Treasury Dept seems to be clueless as well. I just wanted to get that out. Thanks for your indulgence.
The rates shown below are absolutely fantastic, but rates are not holding back buyers. It's uncertainty; about the economy, their jobs, the location of that market “bottom” they've been looking for, and what lies ahead. The only way to deal with those uncertainties is on a personal level with each buyer. Which simply means, you have to put yourself face to face with them. Have an opinion about what's coming…
Lane County Mortgage Rates | Eugene Real Estate
Saturday, January 10th, 2009 at 12:04am. 573 Views, 12 Comments.
Rates have been down pretty much all week. The rates shown below are lower than last Friday's. So all is good there.
Generally, when we have an employment report like the one that came out this morning, (terrible), we see mortgage rates come down even lower due to investors pulling funds out of the stock market, and placing them in bonds. However, since this mornings report is actually a week later than normal (usually the first Friday of the month to report the previous month's job situation), the pricing in the bond market was already built-in. So, the bad news had little effect on mortgage rates.
Obviously the rates are fantastic, and as you might have guessed, the lenders are swamped with refinance loans; which has made turn times a lot…
Eugene Oregon Real Estate | 2008 Homes Sold Statistics
Saturday, January 3rd, 2009 at 3:11am. 643 Views, 0 Comments.
It's that time of year to look at Eugene and Lane County, Oregon real estate sales statistics for 2008. These statistics gathered from RMLS include all Lane County except Florence Oregon real estate sales statistics because Florence has such different demographics which include the majority of new residents are higher-aged, no children at home, lower house hold income patterns, yet a relatively high percentage of cash-paying home buyers as well as other market characteristics not shared with Greater Lane County. In 2004 Florence was named the #1 place to retire in the United States, so based on these very different housing trends we will look at all other Lane County homes sold separately.
For this study the Eugene real estate market including the…
Eugene Mortgage Rates | First 2009 Update
Friday, January 2nd, 2009 at 7:46pm. 364 Views, 0 Comments.
Welcome to 2009! The stock market had a sizable rally today in a wave of optimism, which sent investors out of the bond market, and likewise pushed mortgage rates up. Next week brings several important economic reports including the employment report next Friday. These should handily squash that optimism, and possibly bring rates down again. However, we'll wait and see. There is bound to be a great deal of volatility in the markets for several months yet. Of course, it will benefit all of us to keep the optimism alive.
I hope your Holidays went well, and you're ready for a brand new year.
Have great weekend!
The following rates are based on 30 day locks with no discount points, as of this morning. They are not come ons, they are the…
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