1ST QUARTER MARKET REPORT
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Archive for April, 2009
Blazer Ticket Winner’s Report
Since Christmas, my wife Lara and I had been talking about wanting to get to a Blazers game this year, but with opposite schedules and an 8 month old, it hadn’t worked out. Then Christy informed me that I was the big winner of tickets to the last game of the season vs. the Nuggets, just for posting a comment on her blog about my busted March Madness bracket! We were giddy! We found a sitter (thanks Grandma and Grandpa), and headed down to the Rose Garden.
Now, these weren’t JUST tickets to the very sold-out game, they were Lexus Club seats, which means dinner too. More on that later. Continue Reading »
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Graphs of Current Market Statistics
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Affordability, low rates, desire to buy provide hope for the U.S. housing market
Housing affordability now stands at its best level since 1971. This greater affordability helped boost home sales in February. Especially strong was the activity attributed to first-time home buyers, who represented half of new home purchasers this month. The $8,000 tax credit helped move many of these first-time buyers out of their rentals and into their own homes. Continue Reading »
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Historically low % rates not expected to move much lower
BUYERS, Read this quote from the Mortgage Marketing Guide:
“Interesting note that supports our views on the unlikelihood of rates moving much lower - last Friday, Jack Koskinen, interim chief executive of Freddie Mac, said that home loan rates are near the bottom and that any further decreases will be small. Mr. Koskinen commented on mortgage rates after he attended the meeting between President Obama and the CEO’s of the financial services companies on Capitol Hill. Perfect opportunity to get the word out to clients who are sitting on the fence waiting for that 4% rate…now is the time to purchase or refinance as rates are at historically low levels, and not likely to move much lower.”
MMG Update - Tuesday, March 31, 2009 10:17am ET Current Trend Direction: Sideways
Risks favor: Floating Current Price of FNMA 4.0% Bond: $100.62, +12bp
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