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mortgage rates: Pending existing home sales rose in US 6.1% Sep - Mortgage rates nearly unchaged from Friday 30 yr at 4.75% (5.1 APR) no pts - 11/02/09 12:30 PM
Pending Sales of Existing Homes in U.S. Rose 6.1% in September 2009-11-02 15:00:00.4 GMT Bob Willis Nov. 2 (Bloomberg) -- The number of contracts to buy previously owned homes in the U.S. rose in September for an eighth straight month as Americans rushed to meet a deadline for a home-buyer tax credit. The index of signed purchase agreements, or pending home sales, rose 6.1 percent after a 6.4 percent gain in August, the National Association of Realtors announced in Washington. Compared with a year earlier, pending sales rose 19.8 percent, without adjusting for seasonal variations. Many buyers accelerated purchases of new … (0 comments)
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mortgage rates: "Number of Fed-backed (FHA) troubled mortgages rises" BUT road is paved with yellow bricks... - 04/02/09 11:55 AM
Yes, the Wizard is in town and is able to grant the ability to buy a home in today's market. Will you be the one to click your heels and utter "There's no place like home??"
While the below post from the LA Times indicates FHA troubled mortgages are on the rise, the fact remains that it's still going down in history as possibly one of THE BEST TIMES to be a first time homebuyer. The cost of housing is depressed, likely to bottom out in the 3rd quarter and that simply means a first time homebuyer will be able to … (0 comments)
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mortgage rates: War Is Declared in 02/24/09 Real Estate Market Report by Mortgage Consultant Ed Bisquera - 02/25/09 08:00 PM
[For the most current issue click here] February 24, 2009 Real Estate & Economic Report from Ed Bisquera of Mortgage Express in the metro markets of Portland, Oregon & Vancouver, Washington. Featuring news for homebuyers, homeowners, realtors and the general real estate market. Watch this video below End of video War is Declared Congress and the President have declared war on the weak economy and especially on the housing market. That makes sense because it is the housing market that caused the economy to collapse and we will not have a recovery without a healthy or at least stable housing sector. … (1 comments)
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mortgage rates: 4.875% (4.99% APR) in 02/20/09 Mortgage Market Commentary and News For Washington & Oregon - 02/20/09 12:52 PM
Ed Bisquera Mortgage Consultant Portland Oregon Vancouver Washington
Most rates improved today as mortgage bonds regain some of the losses from Thursday following the direction of Treasuries, which are busy gaining back yesterday’s losses. Up and down…up and down. The good news is mortgages, while trending in the same direction as Treasuries, have not seen the massive swings in price, thanks in part to the Fed’s intervention. Let’s hope this trend continues as massive swings in rates coupled with longer turn times due to volume creates all kinds of problems for both brokers and lenders alike. The Dow has sunk below its November … (1 comments)
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mortgage rates: Volatility reported in 01/27/09 Real Estate Market Report by Mortgage Consultant Ed Bisquera - 01/28/09 03:12 PM
[For the most current issue click here] January 28, 2009 Real Estate & Economic Report from Ed Bisquera of Mortgage Express metro markets of Portland, Oregon & Vancouver, Washington. Featuring news for homebuyers, homeowners, realtors and the general real estate market.
Volatility
If we could sum up the markets in one word right now, the word would be "volatility." The past several days we were volatile on the downside for stocks and bonds. And up for oil. It is interesting because at least one pattern was broken. In the past few months rates and oil prices … (1 comments)
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mortgage rates: Why are interest rates seemingly rising lately? It's simple... - 01/22/09 01:34 PM
You may be wondering why rates are rising again. Simply, borrower demand is driving up pricing, because banks raise their rates as the available capacity starts to feel pressure and leads to them wanting to realize greater profits (not such a big surprise here). Hopefully this will ease demand, so if rates continue to see demand from borrowers, they (banks, in reaction to investors) start to drive the pricing of interest rates up to ease the capacity. You'll see this occur, because it's basically the rule of supply and demand, amongst other factors as you will read below in this re-post of … (4 comments)
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mortgage rates: Will recession end? 01/20/09 Real Estate Market Report for Portland, OR & Vancouver, WA - 01/21/09 03:25 PM
[For the most current issue click here] January 20, 2009 Real Estate & Economic Report from Ed Bisquera of Mortgage Express metro markets of Portland, Oregon & Vancouver, Washington. Featuring news for homebuyers, homeowners, realtors and the general real estate market. What Will Cause The Recession To End?
To understand what will cause the recession to end, we must understand what caused the recession. There were many causes, but the most visible culprit was an uncontrolled real estate boom. First it was the sub-prime crisis halting the boom. The government indicated that real estate would weather the crisis. Well, the … (0 comments)
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mortgage rates: Some Daunting Numbers for US in Real Estate Market Report for 01/13/09 - 01/13/09 12:20 PM
[For the most current issue click here] Jan 13, 2009 Real Estate & Economic Report from Ed Bisquera of Mortgage Express metro markets of Portland, Oregon & Vancouver, Washington. Featuring news for homebuyers, homeowners, realtors and the general real estate market. Daunting Numbers It was not like we were not warned. They were expected. Yet, the reality of the numbers were quite sobering. The employment statistics for December and 2008 were horrific to say the least. Over 2.5 million jobs were lost in 2008 and the loss in December alone was over 500,000. The job losses caused the unemployment rate to … (1 comments)
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mortgage rates: Rates creep up, but one lucky buyer locked in today at 4.75% (5.1% APR) - 12/30/08 07:09 PM
While working on a file for a client today, he texted me to inquire about 15 and 20 year rates. He was interested in paying off his mortgage quickly and I've counseled many clients in using a variety of methods to pay off a mortgage in less time than what the mortgage note might be amortized at. I had previously mentioned to him that he could do a bi-weekly program, a mortgage accelerator program (as is done in Australia and often referred to as a Money Merge Account or Equity Accelerator) or simply choose a shorter term, like a 20 or … (2 comments)
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mortgage rates: 2.0% Rates? in Dec 30, 2008 Real Estate Report Portland Oregon & Vancouver Washington-Economic commentary, Mortgage Rates and News - 12/30/08 06:25 PM
December 30, 2008
Happy New Year - Have a Safe Time Ringing In 2009
by Ed Bisquera
For those worried about the economy and their investments, it may not seem like a very happy New Year. However, it is times like these that we should stop and reflect upon our long-term blessings. Worried about home prices going down? Yes, median prices were down to around 180,000 last month. This drop was over 13.0% in one year and represented the largest one-year plunge since the depression. Would you like some perspective? Median home prices were approximately $80,000 in 1990. In other words, … (0 comments)
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mortgage rates: 4.875% today! (5.045% APR) Amazing rates still continue to help homeowners during holidays - 12/10/08 03:09 PM
Rates for refinancing and purchase mark this a perfect storm to take action
(Portland, OR & Vancouver, WA)
Another record week, with rates for FHA, VA & 30/20/15 YR Conventional sitting in the low 5's. At one search today for a client, at 4.75% (4.9% APR) for 15 YR Fixed!
For FHA, VA, Conventional and even Investment properties, it's a beautiful time to look at getting a loan scenario quote and a full report on savings, by getting a mortgage savings report, including time to recoup closing costs of refinancing loan and comparison to what you have now.
FHA, Interest … (2 comments)
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mortgage rates: Dec 9, 2008 Real Estate Report Newsletter for Portland Oregon & Vancouver Washington Economic commentary, Mortgage Rates and News - 12/09/08 09:02 AM
December 9, 2008
Extraordinary Numbers
The numbers coming out of the markets are absolutely extraordinary. How about gas at $1.70 per gallon just a few months after it was over $4.00 per gallon? How about the loss of over a half a million jobs in one month? In addition, the government looks to be spending about $1 trillion dollars to save the economy from recession. That may include a target rate 4.5% for some purchase loans. The numbers are virtually mind-numbing. These numbers also let us know that it does not make sense to predict what will happen in the future. … (0 comments)
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Ed Bisquera
Vancouver,
WA
More about me…
Ed Bisquera | 360-597-8283 | Bond Social Media
Address: 1001 Main St Suite A, Vancouver, WA, 98660
Cell Phone: (360) 597-8283
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