Tag Archive
Bloomberg/Businessweek Rate Portland, OR #1 For Long Term Real Estate Growth!
It’s not often we get to be in the spotlight from a national news source. However, he we are and it’s a good thing! A recent article in the Bloomberg/Businessweek highlighted Portland, OR with the largest real price gain in home values since 1990. Here are some quick excerpts from the article: The era of [...]
For Immediate Release: Michael J. Eiden has Joined Pacific Residential Mortgage
NEWS RELEASE For Press Inquiries: Justine Saudan, Media Relations 4949 Meadows Road Suite 150 Lake Oswego, OR 97035 PACIFIC RESIDENTIAL MORTGAGE FOR IMMEDIATE RELEASE PACIFIC RESIDENTIAL MORTGAGE, is pleased to announce that Michael Eiden Sr. Mortgage Banker MLO-165229, has joined our Lake Oswego Branch. Michael’s passion lies in serving the needs of others and contributing [...]
FHA Mortgage Insurance Premiums Are Increasing… Again!
HUD is at it again. The need to get their reserves up is being passed onto the consumer. On February 14, 2011 FHA announced changes to the annual Mortgage Insurance Premiums on all FHA transactions (Mortgagee Letter 2011-10) This is a preview of the changes. Effective with FHA case numbers assigned on or after April [...]
How Long Are You Going To Put Off Locking Your Mortgage Loan?
After a huge and swift sell off in the mortgage bond market (click image to enlarge) since November 5th, 2010 that has led to an increases in interest rates, many in the mortgage business and real estate world are left scratching their heads (including myself). Both treasury and mortgage markets are overdue for some retracement (improvement in rates) as [...]
When Is The Best Time To Sell Your House?
Everything has a season (I love Summer!) – including selling your house. Listing at the right moment could mean more money in your pocket. Traditionally, spring is the hottest season for real estate. Sales peak in April and May and stay strong in June and July. It’s a good season for families to move, between school terms [...]
Reverse Mortgages Myths Debunked
I am sure you’ve heard quite a lot about Reverse Mortgages. Some good, some bad. Hopefully I can shed a little light on the subject for you. You’ve worked hard to build equity in your home. Isn’t it time to put your home to work for you? If you are 62 years or older, and own [...]
FHA Mortgage Insurance Nearly Doubling Monday, October 4th!
Don’t forget! FHA mortgage insurance premiums will change for all case numbers ordered after October 4th, 2010. The original date was September 7th but Hud has delayed the changes after the industry expressed concerns about being ready for the upcoming changes in time. FHA received congressional approval on August 5th to raise borrowers’ annual premiums for single-family [...]
Who Released the Cracken on Mortgage Backed Securities Today?
Zeus Has Unleashed the Cracken on MBS I know, cheesy headline but c’mon. Look at the chart above. See that last big Red Bar on the right? That represents the price drop in the 4.5 FNMA Mortgage Coupon. Too technical? Just know that if a price of a bond goes down, the yield or interest [...]
What’s Ahead for Mortgage Rates March, 22nd 2010
Jump to Summary Last Week; by the end of the week mortgage rates were unchanged from the previous Friday. The bellwether 10 yr note also essentially unchanged at 3.69% -1 BP. Short term rates however increased last week, somewhat preparing for the Fed withdrawing from the quantative easing programs initiated when the economic recession began; [...]
Hear the FED Speak Today?… Here it is, in Plain Enlish
Today, the Federal Open Market Committee voted 9-to-1 to leave the Fed Funds Rate unchanged, in its target range of 0.000-0.250 percent. In its statement, the Fed confirmed its plan to hold the Fed Funds Rate near zero percent “for an extended period”. Fed Chairman Ben S. Bernanke is trying to determine how long to [...]
