Karen Cox's (karencoxlandmark) Blog

The purchase of U.S. Treasury bonds was slowed by successful auctions of billions of dollars in government debt last week as the Treasury Department continues to sell bonds to finance its multiple programs. Nevertheless, with bleak economic news making the rounds and less-than-rosy corporate outl...

Yesterday was an incredible day in the mortgage industry.  We saw the opening rates at 4.375% for some scenarios first thing in the morning. Which after the Fed meeting and lowering the Fed Fund rate is incredible all in itself. In normal economic times, historically, mortgage rates increase afte...

Since the Fed announced a plan to purchase $500 billion of mortgage-backed securities on November 25, mortgage rates have moved progressively lower, and the trend continued last week. Conforming fixed-rate mortgage rates dropped to levels last seen in 2003. Weak Retail Sales data and low inflatio...

Thank you to all our clients, friends and business partners that made our first ever Client Appreciation night at Northern Lights in Salem a great success!!!  Seeing everyone and re-connecting with good food, movies and conversation was incredible.  Be on the look out for our next event in the Sp...

With all the media and hype this past week that rates are going to be 4.5%, I thought that I would put my two cents worth in. This comment made on the Today Show last week sure made the phones ring.  Rates were excellent last week at 5.125-5.25% but low and behold, that wasn't good enough for peo...

The time to buy or refinance is now! Rates are approaching the lows we saw in early January for a few short hours. I think that rates will continue to improve and more people will be able to take advantage of the lower rates this time around. It is truly a buyers market out there again, home pric...