Dave's Blog

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Mortgage and Lending - Signet Mortgage
Real estate locally in Bend, OR can be impacted by the global economies. We are watching the key variables hourly to make sure you will get the best possible interest rates.
RECENT BLOG POSTS
Make sure you go to Cheri Smith's blog to see this fascinating observation on comparing the RMV's determined in January to some recent sales prices and the disparity between that ratio at the high end vs. the $200k price range.  I wouldn't have guessed it and would appreciate any theories on why ...
11/12/2008
What a historic week this was!  No matter your political leanings, it is a time to push for optimism both internally and with people around you. It is also the beginning of the holiday season and that gives us the chance to pause and be thankful for our many blessings, to come together and suppor...
11/12/2008
Fed Week was surrounded with a full-scale shift of funds from Mortgage-Backed Securities (MBS) into the stock market and elsewhere and with it we saw quite a negative move in bonds and rates.  But it seemed to find a floor after the announcement with a bounce favorable that continues into today. ...
11/04/2008
  When in Central OR, do as the Romans do.  Hey Seth Godin!!!! Come over and review Margaret Rome's new book and while you're at it give a shout out to the tribe.!   Hi folks. My good friend and fellow ActiveRainer, Margaret Rome, is getting close to launching her first book "Real Estate the Righ...
10/27/2008
You’ll want to look at the MBS (mortgage backed securities) chart below that illustrates the wild ride we are on. The last 5 bars are Monday-Friday of the past week, with green being favorable to MBS and rates and red being unfavorable. Monday is the big green bar followed by another tiny green b...
10/27/2008
Last Monday we talked about the Treasury considering investing capital into the larger banks.  Sure enough the formal plan was announced Tuesday, and we believe it will have more credit-creating incentives than any of the other moves being contemplated.  Make no mistake about it, these efforts ar...
10/20/2008
Here is a great post by Jan Gilbault in ActiveRain on the important reasons for using a local mortgage broker.  I couldn't have said it better so I pass it along.  We stand ready to be your local mortgage advisor.  Call anytime!  We're right around the corner.I wonder how a Seattle Realtor must f...
10/10/2008
By now you’ve heard today's news that the Fed cut the target for Fed Funds rate from 2.0% to 1.5% and in an unprecedented move did so in coordination with the European Central Bank, UK, Switzerland, Sweden, Japan and even China.  This coordinated effort was very important to mortgage-backed secur...
10/08/2008
Here is Monday's blog entry, just a little late to the posting: The Emergency Economic Stabilization Act of 2008 is inked and plans have begun to enable banks to sell assets that today still block their ability to make new loans.  There are bigger concerns that embroil the stock market though.  E...
10/08/2008
While I’m at it, check the Bend Bulletin front page article on the rescue plan delay. “Local experts worry consumers could take a hit” Yesterday I spoke with Jeff McDonald of the Bulletin about the severe impact on Bend residents if the rescue plan is not enacted.  When we hide behind the thought...
09/30/2008
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Dave Woodland

Your Bend, OR Friendly, Knowledgable Mortgage Professional
local_phone(541) 318-0888
smartphone(541) 749-0006
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At least weekly, I write about what is happening that may affect interest rates and mortgage-backed securities for the coming days.