Unless you live in a cave you are probably very familiar with the fact that the federal government recently announced that they would assume control of mortgage industry behemoths Fannie Mae & Freddie Mac. The move has created overwhelming media coverage and speculation with mixed messages on the potential outcomes. However, very little of the […]
This morning Fannie Mae released updated guideline changes for conforming mortgages. This is a sign that we can continue to expect tightening in the area of loan approval guidelines which will make it more difficult for borrowers to qualify for loans in the future. I don’t think these changes will drastically impact most real estate […]
Mortgage rates have now dropped .50% in two days following the announcement over the weekend that the government would takeover Fannie Mae & Freddie Mac. How long will the rally last? Most analysts are of the opinion that mortgage rates are likely to continue to improve as foreign investors regain confidence in mortgage backed bonds. […]
The big news this morning is the government take-over of mortgage giants Fannie Mae & Freddie Mac. The announcement which was leaked on Saturday and made yesterday is likely to become the largest government intervention into the financial markets in US History. Because of the unprecedented nature of the event it is very difficult to […]
More to come Monday
Mortgage rates are lower today. This morning’s jobs report was worse than expected anyway you want to look at it. The monthly jobs report indicated that the US economy lost 84,000 jobs in August. Furthermore, the unemployment rate rose to 6.1%, the highest level since September of 2003. Lastly, wages also rose quicker than expected. […]
Mortgage rates remain unchanged although we are optimistic that they may move lower following tomorrow’s jobs report. Being that tomorrow is the first Friday of the month the Labor Department will be issuing their monthly jobs report. Why is the monthly jobs report important to the direction of mortgage rates? Here is a direct quote […]
Mortgage rates are lower today. In yesterday’s rate update we explained that we thought mortgage rates would first increase in response to lower oil prices (because of the stock market rally) and then decrease because of the anti-inflationary implications. However, stocks could not sustain the rally yesterday which helped mortgage-backed bonds advance (leading to lower […]
The following model is the basis for successful long-term financial management. In our view, the following four pillars represent, in order of importance, the key to incorporating financial responsibility into a person’s life. It is our goal to introduce and educate our clients on how the decisions they make surrounding the house that they buy […]
I was excited when I picked up this week’s edition of the Portland Business Journal last night and saw Kate Myer’s picture on the front cover. Kate was quoted in the story (click this link to download complete story-subprime-problems-loom-pdxbiz-kmyers2) not only because she recently purchased a home but also for her professional opinion on the […]