Dave's Blog

Of course we have nothing but big-news weeks anymore, so this week was par for the course.  The Administration put out details and started up the federally guided mortgage modification and extended refinance program that is supposed to help 7 to 9 million home owners. The Dow dropped to 6,600 (is...

Stability Program Update Good Morning Team! I bet that your get asked questions about all things real estate including mortgage refinance and tax credits.  Here are a couple of good resources to help you be the one with all the answers when asked. Yesterday, the US Department of Treasury rolled ...

Good Morning Team and welcome to March!   Let’s hope that March Madness this year is limited to basketball, or at least, if it relates to the economy it is the good kind of madness.  January and February only brought serious economic madness with the worst two-month start to the Dow ever.  In a n...

I am excited to hear the presenters this morning at the Real Estate Forecast breakfast in our wonderful little town of Bend, OR.  Forecasting is always tough but this year with the unknown impacts of the American Recovery and Reinvestment Act of 2009, the Homeowners Affordability and Stability Pl...

  I am excited to hear the presenters this morning at the Real Estate Forecast breakfast in our wonderful little town of Bend, OR.  Forecasting is always tough but this year with the unknown impacts of the American Recovery and Reinvestment Act of 2009, the Homeowners Affordability and Stability ...

Good morning! Well I didn't write the subject line this morning, but it is appropriate.  For some (Messrs. Obama, and Reid and Mrs. Pelosi) it smells like roses.  For others it just plain smells.  We now have it passed by both the house and the senate and Pres Obama is to sign it into law on Tues...

I loved reading the attached summary of Realtors’ thoughts on expectations from mortgage brokers.  “I hear you!”  We are committed to putting the customer first, and applying our experience and professional attention to making deals happen. Take a look and see if you have felt these very same ide...

Big news starting into the week is action following the progress announced Friday in Washington on the Stimulus Bill.  While a compromise has been reached in the senate finance committee, the path to completion is far from smooth. German Chancellor Bismarck said in the 1800’s: “There are two thin...

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...

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 ...