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
I hope your drive was safe this morning.  Check that- what I really hope is that your driveWAY was scraped this morning by some kind soul. It was the first real use of the snow plow this morning, but here is the good news: In only two weeks, the days will start getting longer, everyday, bit by bi...
12/07/2009
MBS securities are again the safe haven pushing 30-year fixed mortgage rates to 4.500% for the price of an origination and normal closing costs!! Or you can get the bank to pay the origination and closing costs can put some no-cost 30-year fixed at 4.875%.  What is driving the improvement? Global...
12/07/2009
Hooray for unbelievable residential rates continuing at 4.625% for the price of an origination and normal closing costs on a 30-year fixed, conforming-loan, principal-residence or vacation-home purchase.  Maybe even more surprising is that investors looking to add to their real estate portfolio c...
12/07/2009
    Spencer's presentation below about the trends in internet home buying had a couple of real eye-openers for me. (You can get the whole presentation to share with your office as either a ppt or pdf by clicking here.)   These buyers use much less time of your agents (visit half as many homes and...
11/18/2009
Rates are even better this week than last! We are locking conforming loans at 4.625% for 30-year fixed for the price of an origination and normal closing costs.  Why the improvement? Mortgage Backed Securities (MBS) continue to ride sky high with values very close to their 2-year high-water mark ...
11/16/2009
Originially sent out Monday 11/9/09 - for realtime receipt of our blog - email dave@signetmortgage.com Rates, Housing, Tax Credits, Unemployment, FED announcements, Treasury Auctions, Oh My!  We had a full week with many different topics in play.  To cut to the chase: Signet Mortgage lending rate...
11/16/2009
Here is a great rant, and well founded.  We've seen a lack of accountability caused by the HVCC.  Two appraisals performed within days of each other had vastly divergent answers (of course, the appraisal done for a potential refi by the contractor/seller's bank was much higher than the one done ...
11/14/2009
Obama to sign legislation tomorrow - will extend to June 30, 2010 - First Time Home Buyers still $8,000 and Some Existing Home Buyers Qualify for NEW $6,500 “Move-Up” credit ... November 5, 2009   Congress acted with urgency today to get the Unemployment and Housing Credit bill out before the Un...
11/05/2009
If you are interested in reading the actual legislative language of the Home Buying Tax Credit Extension bill, it is available by going to this link: http://bit.ly/3UustY  This is an amendment (S.AMDT.2724 to H.R.3548) to the Unemployment Extension Bill as offered by Senator Schumer. As describe...
11/03/2009
One of our own realtors here in Bend is keeping up with the legislative efforts on the combined Unemployment Extension and Home Buyer Tax Credit.  I am betting on action including a Senate vote and into conference this week.   -Dave     Good News for Bend Oregon Home Buyers: First Time Home Buyer...
11/03/2009
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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.