Calling Seth Godin!!! - 10/27/08 11:35 PM
 
When in Central OR, do as the Romans do.  Hey Seth Godin!!!! Come over and review Margaret Rome's new book and while you're at it give a shout out to the tribe.!
 
Via Bryant Tutas Broker/REALTOR(R) Tutas Towne Realty, Inc:
Hi folks. My good friend and fellow ActiveRainer, Margaret Rome, is getting close to launching her first book "Real Estate the Right Rome Way". I'm sure most of you know Margaret but if not....stop over and check out her profile.
Margaret and I joined AR at just about the same time, July of 2006. In fact, as far as I … (1 comments)

Predictions ahead of the Interest Rate Drop this Wednesday! - 10/27/08 06:35 PM
You’ll want to look at the MBS (mortgage backed securities) chart below that illustrates the wild ride we are on. The last 5 bars are Monday-Friday of the past week, with green being favorable to MBS and rates and red being unfavorable. Monday is the big green bar followed by another tiny green bar and then 3 red days that brought MBS back down near where they started. The steep slide in the stock market due to recession fears and the bear market is hurting the mortgage secondary market right now.
 
Normally, as the stock market turns worse, investment … (2 comments)

Deflationary Times and Interest Rates - 10/20/08 10:11 AM
Last Monday we talked about the Treasury considering investing capital into the larger banks.  Sure enough the formal plan was announced Tuesday, and we believe it will have more credit-creating incentives than any of the other moves being contemplated.  Make no mistake about it, these efforts are to help a broken financial market.  It is going to take some time to get back into full swing, but we are seeing some normalizing of US Treasuries and LIBOR rates already appearing.  Mortgage-backed securities (MBS) are still not in full demand and pricing is higher (rates along with it) than the current deflationary … (1 comments)

Real Estate is Local: The Top Ten Reasons To Use A LOCAL Mortgage Broker - 10/10/08 06:46 PM
Here is a great post by Jan Gilbault in ActiveRain on the important reasons for using a local mortgage broker.  I couldn't have said it better so I pass it along.  We stand ready to be your local mortgage advisor.  Call anytime!  We're right around the corner.
Via Janet Guilbault, California Mortgage Expert:
I wonder how a Seattle Realtor must feel when his buyer breathlessly tells him this: "And I'm pre-approved with a great mortgage broker I found online! IN California".
Does the Realtor fake-smile while secretly knowing he will soon be SLEEPLESS IN SEATTLE? Does he attempt to refer the client to a local mortgage professional instead?  Or is it … (0 comments)

What does Fed rate drop mean to Mortgage Rates? - 10/08/08 02:13 PM
By now you’ve heard today's news that the Fed cut the target for Fed Funds rate from 2.0% to 1.5% and in an unprecedented move did so in coordination with the European Central Bank, UK, Switzerland, Sweden, Japan and even China.  This coordinated effort was very important to mortgage-backed securities.  More about that below.  First the reaction in the markets.  The Dow was set to open down an additional 500 pts beyond yesterday’s 500 pt drop.  The coordinated rate cut seems to have stemmed that tide with stock off “only” about 200 in morning trading and now UP 45 points!  Bonds … (2 comments)

Mortgage Rates and the effect of the Emergency Economic Stabilization Act of 2008 - 10/08/08 02:06 PM
Here is Monday's blog entry, just a little late to the posting:
The Emergency Economic Stabilization Act of 2008 is inked and plans have begun to enable banks to sell assets that today still block their ability to make new loans.  There are bigger concerns that embroil the stock market though.  Even as the bill was being signed in Washington D.C. on Friday, stocks were taking a beating on fresh concerns for the overall economy after reports of jobless claims and unemployment.  And this morning the Wall Street selloff continues, now keying in on the European banking crisis that really came … (0 comments)

 
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Dave Woodland - Your Bend, OR Friendly, Knowledgable Mortgage Professional

Bend, OR

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Signet Mortgage

Office Phone: (541) 318-0888

Cell Phone: (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.


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