Ok, yes, I’m still alive and well. K and I took at trip to California with the kiddos at the beginning of May. We had a great time spending a few days at Disneyland and a few days with my extended Venti family. The preparation to leave work for a week and a half didn’t even compare to the amount of preparation it took to take a 2,500 mile road trip with 15 month old twins! The time away was much needed and we couldn’t have asked for a better time together as a family.
I’m just now beginning to feel like I’m caught up from being out of the office. I have some exciting new posts that will be coming in the next week! Mortgage rates are still below 5% and we’re helping many people save money on refinances and are beginning to see a lot of first time home buyers take advantage of the 2009 FTHB tax credit!
If you’re here in the Willamette Valley, enjoy the sunshine on this beautiful Memorial Day Weekend!
Last week I had the opportunity to view the Rivers Condominium project in downtown Salem on Front Street. The listing agent, James Hauge, gave me a tour of the development. The pictures below were taking via my iPhone from inside a few units and atop the roof.
Downtown Salem has several commercial/residential mixed use projects currently under development. It’s great to see the focus on the core of our beautiful city.
The Rivers offer an untouchable view of the Coastal Range to the West and the Cascade Range to the East. The project is located across the street from the Water Front Park downtown. The best part about the central location is the quick two block walk to Venti’s Cafe.
Good afternoon! I thought it would be prudent to give a quick update on market trends given the recent news with mortgage rates. Yesterday the bond market reacted to the increasing Treasury note rates. The mortgage rates followed suit and rose with the reaction. We are still confident that we’ll see the levels we need to lock, but at this time we still need to get through the appraisal and begin the underwriting process to be at a point where we can consider locking. The dust will settle after the bit of shake up in the market yesterday.
Given the current economic conditions the government is going to be working very hard to help keep mortgage rates down. The recovery of our economy is highly dependent upon the recovery of our housing market. The Treasury thought the purchase of these mortgage bonds would keep rates down long enough, but in actually the money can only go so far. As the plan unfolds we’ll see these rates come down and we’ll be able to lock. At this point, patience may in deed be a virtue.
I appreciate your business and look forward to helping you with your financing needs!
