Oregon Mortgage Blog

Pitfalls of Mortgage Forbearance

Last week various mortgage institutions announced a new program designed to help struggling homeowners weather the present economic downturn.  It allows homeowners who qualify to suspend mortgage payments for up to 12 months and avoid late fees and late payments reported on their credit record.  However, the program has pitfalls that homeowners need to be […]

Why mortgage rates are increasing in the face of massive stock declines

Under normal circumstances we expect mortgage rates to improve when stocks decline.  You can CLICK THIS LINK to learn why. However, as we can all attest these are anything but normal circumstances.  Despite the US stock market experiencing some of the biggest sell-offs in history mortgage rates are actually increasing off all-time lows.  Why the […]