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refinance: How Housing Prices Performing In Long Run? in 01/06/09 Real Estate, Mortgage, Market & Economic Report - 01/06/09 12:05 PM
Below is today's Real Estate Report, Economic Commentary and Mortgage Rate Review, courtesy of blog from Ed Bisquera, Mortgage Consultant to Oregon & Washington (Vancouver, Washington & Portland, Oregon metro areas).
January 6, 2009
The Big Question - How Are Housing Prices Performing?
In the past week we gave some perspective regarding how housing prices have performed in the long run. Despite the recent precipitous drop in prices, housing as an investment performs strongly when you look at the big picture. On the other hand, we can’t ignore the fact that prices have fallen significantly in the … (0 comments)
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refinance: 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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refinance: 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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refinance: 2.0% Mortgage Rates? in Dec 23, 2008 Real Estate Report Portland Oregon Economic commentary, Mortgage Rates and News - 12/30/08 06:14 PM
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refinance: 4.5% A Reality?: 12/16/08 Real Estate Report for Washington & Oregon - 12/17/08 12:57 PM
...from The Desk of Ed Bisquera Mortgage Express
The 4.5% Solution
Nothing gets the markets more excited than the government talking about lowering rates to record levels. Ever since the Treasury floated a plan that would have the government buying loans at 4.5%, it has caused a stir that we have not seen for some time in the real estate markets. Many questions remain. For example, who would be eligible for these loans? Preliminary information would indicate that these loans would be for purchases only. The government could also restrict these loans to those with good credit, first-time buyers and/or low-to-moderate … (0 comments)
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refinance: The 4.5% Solution and Real Estate Investing in next 5-10 years... - 12/17/08 12:08 PM
Five or 10 years from now, when the financial crisis has ended and housing prices are up smartly once more, we will look in the rearview mirror and realize that we missed a golden age for first-time home buyers. Then, everyone who sat on their down payment savings accounts for a few years too long will kick themselves for not taking advantage of what may turn out to be the buying opportunity of a lifetime for those who can qualify for a mortgage. Unfortunately, we do not know when this golden age will begin, because we will be able … (0 comments)
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refinance: 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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refinance: 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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