Real Estate Blog - MCC A Better Alternative Than Oregon Bond? Maybe, With The Newest Interest Rates

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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

Karen Cooper - OR|CA Mortgage Consultant - www.Quality4Loans.com
Providing high Quality, Professional, Ethical service to Oregon and California home buyers and owners since 1983. Whether you are taking out your first home loan or your fiftieth, for your home, your second home or for investment, put my knowledge and expertise to work for you.

Posted by Karen Cooper-Mtg Banker|Broker Ashland|Medford 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

FEB

2008

very interesting post and a sign of a turnaround ??

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?

MAR

2008

Karen - thats a bummer about Oregon Bond

MAR

2008

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!

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Karen Cooper-Mtg Banker|Broker Ashland|Medford

Ashland, OR

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American Pacific Mortgage- Karen Cooper, Oregon & California

Address: 301-B Crater Lake Avenue, OR ML License #ML-2338, CA DRE License 01180222, Medford, OR, 97504

Office Phone: (541) 608-6003

Cell Phone: (541) 601-4303

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26 years experience providing Southern Oregon and California Quality Home Loans| Assisting Oregon First Time Homebuyers with no Down Payment| Specializing in USDA Guaranteed Rural Housing & Oregon Bond Loans| Oregon VA Loans| Farm/Ranch Loans| Aggressively Priced Jumbo Mortgages| 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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