Tagged : Eugene Home Loans 
There are currently 3 blog entries matching this tag.
Eugene Weekly Mortgage Update - Eugene Oregon Home Loan News
Saturday, April 4th, 2009 at 12:10am. 988 Views, 6 Comments.
Mortgage rates have inched up just slightly, as noted below. The Labor Dept reported 663,000 jobs lost in March, which should have rallied the bond market and pushed rates lower. However, that number was less than had been anticipated, so it was seen as a plus by investors. After yesterday's stock rally the S&P 500 is up 23% since March 9 th when it hit a 12 year low.
Stocks were not really affected today by the jobs report because employment is always a ”lagging indicator”. As the economy starts to turn and regain some strength, employment is usually last to recover. Investors also seem to be saying that they hold out some real hope that the steps being taken by the government will actually work. Again, it's a change in attitude that will bring about…
Eugene Mortgage Rates | Mortgage Loans | Update
Monday, March 9th, 2009 at 3:46pm. 737 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…
Eugene Mortgage Rates
Friday, December 19th, 2008 at 7:05pm. 839 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…
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