Monday Morning Real Estate Update 8/13/07
Galand Haas,
Good Monday Morning!
The great Summer weather just keeps coming our way. It has been perfect. There just is no better place to live than Eugene or Springfield, Oregon.
Troubles with the mortgage industry continue to make home purchases more difficult. The hardest hit groups are the first time home buyers and the upper end home buyers. Programs for 100% financing are now very limited and will be difficult for some time. Rates have jumped on jumbo loans, making it less attractive for upper end home purchases. These problems with mortgage loans are not going to help an already poor national housing market.
If you are considering a home purchase, you can call me at 541-349-2620. I do have lenders that we work with who can offer the best loan possibilities in this current volatile market.
Have An Awesome Week!