March 2009 
There are 2 blog entries for March 2009.
Eugene Mortgage News - Mortgage Rates
Monday, March 30th, 2009 at 12:49am. 302 Views, 1 Comments.
Mortgage rates look similar to last week at this point, as noted below. However, the mortgage backed securities have gained some strength today, and are not necessarily affected by the general bond market numbers. Both consumer spending and consumer confidence numbers came in higher toady, but higher after record lows doesn't hold a lot of water. The truly good news is that the Federal Reserve purchased the most MBS this past week, and has had a significant impact on overall mortgage rates. It has done this by allowing more funds to be available for mortgage lending instead of sitting dormant in the banks asset accounts waiting for bailout funds. It's all good.
The other great news I'm seeing is that the government's loan modification program is…
Eugene Mortgage Rates | Mortgage Loans | Update
Monday, March 9th, 2009 at 3:46pm. 427 Views, 13 Comments.
Mortgage rates got a little better once again this Friday as shown below. However, early Friday morning the markets pointed out what a whacky world we're in right now. Absolutely horrible economic news resulted in the stock market going up and the bond market going down. However, after a short time in trading both markets leveled off, and were stable the rest of the day.
I want to take this opportunity to remind you that all of the economic reports that you see and hear on the national news are already anticipated in the markets. So, when the Labor Dept issued the employment report Friday morning, which should have sent every major investor running to the bond market for it's “safe haven” in bad economic times, it simply didn't happen. Why? Because…
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