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MCC A Better Alternative Than Oregon Bond? Maybe, With The Newest Interest Rates The State of Oregon's Bond Loan Program for first time homebuyers will have higher interest rates on Monday. Effective March 3, 2008, the RateAdvantage interest rate will go up to 5.40% and the CashAdvantage interest rate will go up to 5.90%. I recently did an article comparing the Oregon Bond loans to the Mortgage Credit Certificate. With market interest rates headed downward and the Oregon Bond Loan interest rates headed upward, the scales just tipped in favor of the Mortgage Credit Certificate. Unfortunately, Southern Oregon Counties and Cities are not participating in the Mortgage Credit Certificate. Maybe it is time for that to change! Off to call our local housing coordinators... See you at the closing table! Karen Cooper - OR/CA Mortgage Consultant - www.Quality4Loans.com   Posted by Karen Cooper - Mortgage Consultant OR/CA on 02/29/2008 02:24 PM   Comments (4)   oregon bond loan, rate advantage, cash advantage, mortgage credit certificate, mcc, first time home buyer, medford, affordable housing, ashland   This post has been included in Oregon Information 4 Comments on MCC A Better Alternative Than Oregon Bond? Maybe, With The Newest Interest Rates very interesting post and a sign of a turnaround ?? 02/29/2008 02:29 PM by Charlie Ragonesi Big Canoe Realestate Jasper,Ellijay,Ball Ground,Benttree (All Mountain Realty) Charlie - I'm ready for a turn around! Looks like some buyers today wanted to see a turn around in builder stocks..another sign of a turn around? 02/29/2008 10:09 PM by Karen Cooper - Quality Home Loans, Inc. Karen - thats a bummer about Oregon Bond 03/02/2008 09:53 PM by Krista Bolf Ashland Agent, Ashland Real Estate & Medford Real Estate (Coldwell Banker Pro West) Krista - it is frustrating for me when the State's objective is to offer interest rates 3/4 to 1% lower than market rate, yet it is really no where near that. At least not near the market rates I quote! 03/06/2008 05:32 PM by Karen Cooper - Quality Home Loans, Inc. Leave a response… Name: Notify me of new comments: Email: Comment: What does the graphic say?

Karen Cooper - Mortgage Consultant OR/CA
Ashland, OR
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Karen Cooper - Quality Home Loans, Inc.

Office Phone: (541) 608-6003
Cell Phone: (541) 601-4303
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25 years experience providing Quality Home Loans to Southern Oregon and California| Assisting First Time Home Buyers in need of Down Payment Assistance in Oregon| Specializing in Oregon Bond Loan| Oregon VA Loans| Serving all of Jackson County Oregon including Ashland- Talent- Phoenix- Medford-Jacksonville- Ruch- Central Point- White City- Eagle Point- Shady Cove- Gold Hill, as well as Josephine County including Grants Pass- Merlin- Wilderville and Northern California communities in Siskiyou County| Helping Southern Oregonians and Californians on the road to fulfilling the American Dream of Homeownership

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