October 2009 
There are 2 blog entries for October 2009.
Mortgage Rates Looking Good
Friday, October 30th, 2009 at 8:19pm. 547 Views, 2 Comments.
Mortgage rates are just slightly better than last Friday, as shown below. This is after a bad start on Monday, and then the economic picture became worse on Tuesday and mortgage rates came down for Tuesday and Wednesday. The economy looked rosy yesterday after the report on the 3rd quarter Gross Domestic Product showed an unexpected 3.5% growth. So, the bond market went down and rates went up. Apparently “rosy” only lasts 23 hours, because today, the markets are doing the exact opposite of yesterday, so rates are down again. Bless those day traders! They sure keep it interesting.
I'm sure you've already seen the information on the proposed extension of the FTHB Tax Credit program. It has a ways to go before it is adopted, but hopefully we'll see some…
Eugene Oregon Mortgage Rates Lower Again This Week
Saturday, October 3rd, 2009 at 8:14pm. 741 Views, 8 Comments.
Oooohhhhhhh, the rates are soooo low right now, as shown below. But obviously it's not the rates that are keeping the buyers away. More likely it's the unemployment rate that makes them nervous. I certainly can't blame them!
The national unemployment rate moved from 9.6% to 9.8% with this morning's Labor Dept report for the month of September. Of course, the buyers in this area are looking at an unemployment rate much higher here in Lane County and the state of Oregon . So, it makes sense that they're nervous about taking on any major debt at this time. However, for those who feel secure in their jobs, this is an excellent time for them to either purchase for the first time, or move up to the home they wanted three years ago, but were priced out of…
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