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
2009
Special Alert The Fed in the past hour released an announcement following their Open Market Committee meeting. As expected, they kept the Fed Funds Rate Target at 0.0 - 0.25%. No surprise here but there was one dissenting vote (Lacker - wanted to buy Treasury bonds rather than MBS) and some in...
01/28/2009
Gung hay fat choy! Wishing you prosperity and good luck in the New Year! Rates continue to be the focus of discussion and while the bond market has stayed the course, mortgage rates have crept up just a bit, but still very near the lowest rates in our lifetime. The upward move has been more of ...
01/27/2009
Happy Martin Luther King Jr. Holiday! Interest rates remain in record territory. The market softened a bit on Friday, but this appears to be more of a light, holiday-trading effect rather than a trend. Because of today’s holiday, the markets were closed early on Friday. And the inauguration on T...
01/19/2009
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Good morning! The global economy continues to plumb new records and some that are fairly old. To wit, the Bank of England lowered its targeted rate to 1.5% last week from 2.0%. It has never, since its 1694 creation in been below 2.0%, not through the Great Depression, or world wars, but it is t...
01/12/2009
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Happy New Year 2009! What a great way to start the year, with mortgage interest rates still right at 50-year lows and Mortgage-Backed Securities in demand with announced purchases just starting and an announced $500 billion still to come throughout the next weeks and months. This is on top of t...
01/12/2009
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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.