Dave's Blog
Real estate locally in Bend, OR can be impacted by the global economies. We are watching the key variables hourly to make sure you will get the best possible interest rates.
ARCHIVED BLOG POSTS
2008
Why does today's proposed bailout loan to Chrysler and GM cause interest rates to turn to the worse? There are a couple of reasons. First, the money that will be used to lend to the auto companies is coming right out of the money that otherwise had been set aside to help mortgage backed securit...
12/19/2008
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Tuesday the Fed made an historic announcement that their Open Market Committee dropped the target for the Fed Funds rate down to a range of 0.0% to 0.25%. The Fed Target has never before been this low. Mortgage Backed Securities are right now trading very high (good for lower long-term interest...
12/19/2008
Hope your day becomes sunny and bright. Mortgage rates certainly are sunny and bright. We are seeing the range of rates for various projects fall on both sides of the 5.0% point now. Rates are at a multi-year low close to 50 year lows in fact! (See the charts below.) And Signet has relations...
12/19/2008
Big actions continue to impact Mortgage-Backed Securities, and first, let's talk about the Treasury and their desire to jump start housing with 4.5% mortgage rates. I know this has the media all a-twitter. It was a story that broke in Thursday's Wall Street Journal article (click here) and was ...
12/08/2008
We’ll have to call it Green Tuesday from now on – or Fat Tuesday comes to November. The Tuesday before Thanksgiving was the announcement by the Federal Reserve of actions that are bringing back demand to the Mortgage-Backed Securities (MBS) Market. 30 year fixed rates for conforming loans are...
12/01/2008
Rainmaker
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Dave Woodland
Your Bend, OR Friendly, Knowledgable Mortgage Professional
Real Estate Resources
At least weekly, I write about what is happening that may affect interest rates and mortgage-backed securities for the coming days.