Category Archives for Mortgage Lending News

Have you noticed the boom of new construction in Yamhill County? In McMinnville’s West Valley there is an entire sub division under way, and many formerly empty lots throughout the county have new homes for sale. This Oregonian article suggests Portland is not keeping up with demand for new homes: http://www.oregonlive.com/business/index.ssf/2014/10/is_portland_building_enough_ne.html. Perhaps this lack of […]

We emailed a few weeks back regarding US Bank’s vacant lot program.  Here is a quick over view of their program and a flyer for any interested clients.  ·        Conventional mortgage financing  ·        20-30% down payment required ·        3/1 ARM – 30 year amortization  ·        No prepayment penalties  ·        Construction contract not required to purchase vacant lot.  ·        Construction loan financing […]

When you are looking to buy a home whether now or in the future, it is important to be a smart consumer. It is important know a few things about credit, you and how it affects the ability to purchase.  Here are a few things you should know about in order to have a good […]

Special thanks to guest writer, Derick Condron of Castle & Cooke Mortgage, LLC.   So, you keep seeing on the news mortgage rates are at all time lows.  Then the next story you see is how the housing market has seen its bottom point.  After watching the news you sit down at the computer and start thinking ” I wonder […]

“Happy days are here again.” Milton Ager and Jack Yellen. There was more evidence last week that the housing market is improving. But not everything that happened last week was cause for song. Last week, the Federal Housing Finance Agency (FHFA) reported that home prices rose by 0.6% in November from October, and that they […]

Now that the elections are over, one of the biggest questions facing our economy is what will happen as we approach the “Fiscal Cliff.” Read on to learn what this is about-and what it could mean for home loan rates. Last week, President Obama was re-elected to a second term in office and the market’s […]

Last week, the Jobs Report for September was released, but the numbers may not be as clear as they seem. Read on for details and what they mean for home loan rates. The Labor Departments Jobs Report showed that 114,000 new jobs were created in September, with 104,000 private sector job gains and 10,000 government […]

A Gross Domestic Product. And last week’s final reading of GDP for the second quarter was far from pretty. Read on to learn why this matters and how home loan rates are faring. Last week, the final reading of GDP for the second quarter was reported at an anemic 1.3%. This was after a sizable […]

INFO THAT HITS US WHERE WE LIVE Today’s home buyers seem to be in the right place at the right time, as our already super low mortgage rates may go even lower. The impetus for this comes from the Fed’s announcement last Thursday that they will purchase $40 billion a month of mortgage backed securities […]

Article from HouseLogic By: G. M. Filisko Published: March 11, 2010 By knowing how much mortgage you can handle, you can ensure that home ownership will fit in your budget. 1. The general rule of mortgage affordability As a rule of thumb, you can typically afford a home priced two to three times your gross […]