Your Lane County Home Loan Information Guy

  Market Insider   Yesterday and first thing this morning treasuries were being hit hard and it looked like mortgage interest rates were going to start climbing up and then this: April existing home sales, expected up 2.0%, fell 0.8% to 5.05 mil units frm 5.09 mil last month; the average sales pr...

  Market Insider Treasuries and mortgages tried early to hold slight price gains but by 9:00 the 10 yr was a little lower in price and mortgages -3/32 (.09 bp) frm yesterday's close. Stock indexes early were a little better with crude oil and gold higher. Crude being pushed higher this morning on...

   Fannie Mae HomePath Loan Fannie Mae is offering an incentive to borrowers who applied for Fannie’s Owned HomePath Property loan after April 11 and will close the deal on or before June 30, 2011. The offer excludes investors. Qualifying borrowers who plan to use the property as their primary re...

  Market Insider At 8:30 April housing starts were worse than expected, down 10.6% to 523K units annualized with forecasts up 2.8%; March starts were revised higher, up 12.9%. April single family starts -5.1%. April building permits expected down 0.7% fell 4.0%. We don't have a lot to add to the ...

  Market Insider Interest rate markets started a little soft but generally hanging around unchanged with the stock market looking like a softer open at 9:30. At 9:00 the DJIA traded -36 after declining 100.25 on Friday. At 8:30 the May NY Empire State manufacturing index, it was expected at 18.0 ...

  I think it is a great time to buy a home! As you can see by the graph below, homes are more affordable then they have been in years, maybe more then ten years in some areas! Home buyers have more to choose from and they can afford more. That is why I think it is a great time to buy a home!     ...

  Market Insider   This Week; there are no Treasury auctions this week, back to economic reports that will set the pace. Last week the bond and mortgage markets were generally unchanged with the 10 yr treasury note testing and failing to break the low yield set in early March at 3.14%. Although i...

  Market Insider Prior to 8:30 the interest rate markets were unchanged, at 8:30 April consumer price index was up 0.4% in line with forecasts, excluding food and energy +0.2% also about n line. Yr/yr overall CPI +3.2% up frm +2.7% in March, excluding food and energy +1.3% up frm +1.2% in March. ...

  Market Insider The 8:30 data was taken well by all markets initially; the bond and mortgage markets were fractionally better prior to 8:30 and showed no movement on the data but we are somewhat concerned about how the bond market will take the increases in the PPI (Producer Price Index; a measu...

Happy Mother's Day!   I just wanted to take a minute and just thank all the Mothers out there who give up so much to make life better for their children! They may not thank you or appreciate you now, but they will! Keep up the great work because it is more important then you know. Thanks again!!!