Tagged : Oregon Mortgage Rates 
There are currently 2 blog entries matching this tag.
Oregon Mortgage Rates: Weekly Update - Lane County - Eugene
Sunday, April 26th, 2009 at 3:34pm. 707 Views, 8 Comments.
Mortgage rates for 15 and 30 year fixed loans stayed the same this week. However, the ARM rates got substantially better. That may mean that the investors in MBS (mortgage-backed securities) are loosening up a bit, and are more willing to take on these loans. Of course the guidelines are still very strict, but ARMs can be a great option for certain situations, especially in Jumbo loans.
The Commerce Dept released their report on Durable Goods Orders, (products that are intended to last more than 3 years), this morning, and it showed a decline in the orders of .8%. While this doesn't seem like a good thing, the analysts were predicting a drop of 1.5%. So, the report is better than expected, and certainly open to “spin”.
Also, reported today was the…
Eugene Mortgage News - Mortgage Rates
Monday, March 30th, 2009 at 12:49am. 504 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…
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