Eugene Real Estate Blog | Lane County Oregon Blogs 
Great Interest Rates, Low Home Prices Equals Good Time To Buy
Sunday, January 25th, 2009 at 12:35am. 970 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. 506 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. 644 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. 732 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. 429 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…
Florence Oregon Real Estate | Looking Back At 2008
Wednesday, December 31st, 2008 at 1:27am. 698 Views, 6 Comments.
Lets take a look at home sales in the Florence Oregon area for the year 2008. The first section is only properties that were listed as residential homes that sold. I will break this down by the areas our MLS uses so when searching for Florence Oregon Homes for sale you will have a better idea of how it is broke down on this website to assist you in your real estate searches.
The MLS breaks Florence into the following 8 areas; Coast Village, Greentrees Village, Florentine Estates, Florence town, Beach area, North of Florence, South of Florence which is south of the Siuslaw River, East of Florence including Mapleton, Swisshome and Deadwood.
Beach area - 23 homes sold at an average of $177 per square foot and for an average sales price of $295,757
Mortgage Origination Secrets | Eugene Loan Guy
Wednesday, December 24th, 2008 at 4:20pm. 870 Views, 3 Comments.
Guest authored by Fred Chamberlin, Senior Mortgage Consultant, Alpine Mortgage Planning, Eugene, 541-342-7576.
Warning – Read the following at your own risk, mortgage origination secrets are about to be revealed. Mortgage rates, how do you figure what is good and what is bad? What has changed recently and how?
There has been a lot of discussion about the mortgage meld down, the sub prime crisis and real estate greed and I want to discuss some of the things that happened and are currently happening, some good, some bad.
Greedy mortgage brokers were blamed for the sub prime crisis because they were putting people into loans with higher interest rates because they were receiving rebates from the lenders for the higher interest rates. Rebates,…
Eugene Mortgage Rates
Friday, December 19th, 2008 at 7:05pm. 574 Views, 6 Comments.
ates are still down in the “amazing” range. (See below). This is due primarily to the run-up in prices in the bond market over the last 5 days. On Wednesday morning we saw 30 year rates at 4.75%. However, by 1:00p.m. they were back up over 5.00% and have remained there through today.
So, imagine what might have taken place on Wednesday morning, in every mortgage company office, all over the country. Yep, you guessed it; every lender was on the phone locking interest rates for refinances, (and purchases to a lesser extent). This tremendous influx of loans into the system means one thing. Slower turn times!!!!!
We've seen it before, and it's likely to happen again in the coming months. But, for right now, I urge you to write your sales…
Oregon Cascades, Get Your Snowboards And Skis Ready
Friday, December 12th, 2008 at 8:37pm. 730 Views, 13 Comments.
With the approaching snow expected this weekend and ski resorts in the Oregon Cascade Range ready to open there are hundreds of Eugene and Willamette Valley snowboarders and skiers ready to hit the mountain slopes. Are you dreaming of Mt Bachelor, Hoodoo, Willamette Pass or maybe Mt Hood Skibowl and Timberline Lodge?
I just wanted to get your blood pumping a little more with this wild snowboarding video. It obviously was not shot in the Cascades but I really didn't think you would mind.
Watch it in High Res, Full Screen mode, with your speakers on and don't forget to breathe.
Eugene Home Loans, Weekly Report
Friday, December 12th, 2008 at 7:38pm. 442 Views, 1 Comments.
Rates are down a bit more this Friday, (see below). And, what seemed to be a short term reduction in mortgage rates, has turned into lower rates that will be with us for some time to come. Too many factors to try and pin point a single cause, but then again it doesn't really matter. Rates are what they are, and we should be alerting our buyers that this is the time to be getting off the fence.
It's most certainly the time to begin the process, so they are ready, and have had the opportunity to be educated on what to expect, both on the finance side and during the property search phase. They should be well schooled during this time when they are holding back, thinking that things will be more in their favor at a later date. When that later date…
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