Dave's Blog

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Mortgage and Lending - Signet Mortgage
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.
RECENT BLOG POSTS
Plenty of news from last week and I mean even bigger than the Ducks’ smothering of the overmatched Trojans. In FHA and FNMA home financing news, the High-Balance Conforming Limits that were set to expire this year have been extended through all of 2010.  This is big residential real estate news. ...
11/02/2009
Senate proposal would extend to July 1, 2010  FTHB Still at $8k and Some Existing Homebuyers May Qualify for New $6,500 Credit   The Senate continues to drive for extension and expansion of the Home Buyer Tax Credit.  As reported in the WSJ this morning, the existing credit would both be extended...
10/29/2009
Rates continue to be excellent for home buying and refinancing, whether for personal use or investment.  And while the MBS prices just dropped below the 200-day moving average we are still in better territory than we were all summer which was very good on its own. Commercial property loans have a...
10/29/2009
  Fall colors are in full swing and the chill of inflation is just starting to be seen in early reports.  While we don’t feel inflation will roar until unemployment has peaked and a hot economy starts to pay more and hire more, it will start to make its presence known in the coming months.  This ...
10/29/2009
Progress Continues on Credit Extension Bills – Military Extension Passes the House, Moves to the Senate The US House of Representatives passed H.R.3590 on a roll call vote 416-0.  This bill, officially named the “Service Members Home Ownership Tax Act of 2009” extends for 12 months the familiar f...
10/13/2009
We have some great things learned in this past week and if you take nothing else away from today’s email remember 2 things: Rates are still unbelievably good, near 5.125% with no origination and 4.875% with normal origination and closing costs for conforming, conventional 30-yr Fixed, principal a...
10/12/2009
  While the White House remains mum on the topic, an interesting battle is developing in congress around extending the current $8,000 homebuyer tax credit.  Two bills have been introduced with very different objectives.  Let’s hope the two merge into a true extension of the credit before it expir...
10/08/2009
[This post was originally emailed to subscribers Monday October 5, 2009 - If you wish to subscribe, just send me an email - dave@signetmortgage.com] The residential mortgage rates continued to improve throughout the week so we are now back into the record territory enjoyed before Memorial Day!  S...
10/08/2009
The Fed did shake up the market a bit with their FOMC announcement (click here) on Wednesday.  The interesting thing is that the only real news was that their purchases of $1.25 Trillion of Mortgage-Backed Securities (MBS) would end NOT by Christmas, but taper off into March.  No more or less pur...
10/08/2009
Have you enjoyed the 50% ride up in the stock market since lows of March 2009?  I hope you aren’t one who rode it down, got disgusted and finally pulled out of the market just before it took off again.  There is quite a bit of talk of another dip coming in stocks – some even predicting going lowe...
10/08/2009
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Dave Woodland

Your Bend, OR Friendly, Knowledgable Mortgage Professional
local_phone(541) 318-0888
smartphone(541) 749-0006
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At least weekly, I write about what is happening that may affect interest rates and mortgage-backed securities for the coming days.