Tagged : Eugene Mortgages 
There are currently 4 blog entries matching this tag.
Eugene Mortgate Rates Up This Week
Saturday, June 6th, 2009 at 12:22am. 320 Views, 5 Comments.
Not a good week here in loan land! (See rates below). The bond market has taken some pretty big hits all this week, due primarily to investors taking advantage of the profits to be gained from the great run up in bond pricing over the past few weeks. The investors have sold off their bonds at higher prices and have moved these assets to the stock market. Please understand that there is far more to it than that, but in laymen's terms that's essentially what is taking place.
The other side of that equation is the stock market making some gains.This is happening because many of the economic reports coming in are indicating the presence of that proverbial light at the end of the tunnel, as far as the recession is concerned. However, that light may, in…
Eugene Mortgage News - Mortgage Rates
Monday, March 30th, 2009 at 12:49am. 305 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. 431 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. 478 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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