Larry Morris's (larrym) Blog

Well, when I'm wrong I'm wrong. Earlier today I recommended cautiously floating, but we've seen a deterioration in mortgage backed securities to the tune of 19 bps on the day. This is enough for lenders to possibly reprice for the worse. Probably not enough to worsen rates, but certainly enough t...

Current Conforming 30 Year Fixed Rate: 6.375%  (Oregon Mortgage Rates) Current Rate Trend: Modestly improvingMarket News:  Today's Durable Goods Orders came in worse then expected today giving Bonds a modest boost. The reading of 2.8% was the worst since January and indicates that businesses are ...

We're ended up today seeing a 34 bps improvement in price on mortgage backed securities today and the Core CPI came in slightly lower then expected. If this holds we'll see an improvement in rates on Monday that combined with yesterday's improvement could be .125% in rate.  Reported today in Mark...

We're currently seeing a 12 bps improvement in price on mortgage backed securities this AM and the Core CPI came in as expected. If this holds we'll see an improvement in rates today over yesterday that combined with yesterday's improvement could be .125% in rate."WASHINGTON (MarketWatch) -- High...

I found this article in a newsletterthat I receive from my county Sherrif's office. It's about a scam being used to obtain your personal information. Beware!!  Here is how the scam works. You get a call from a person claiming to be from the courthouse. You are told that a warrant is being issued ...

30 year Conforming fixed rate at Par is hovering around 6.5%After seeing rates increase by 1% over the last month are we finally at the end? Today Mortgage Backed Securities dropped below the 200 day moving average only to bounce back up. They are currently trading 19 bps up for the day after ope...

26 Summer Events June, 6:30pm:  Annual Chamber Awards Dinner!            This is the must-do event of the season.  Don't miss it!  The Events Committee has really gone all-out for this event, so please plan to attend.  We have booked Nacho Mama's to cater the food, and we have a real Mariachi ban...

With Father's Day rapidly approaching, I want to take this opportunity to encourage each of you to write a comment on a good memory from your Dad. If you're a Dad, how about a comment on what it means to be a dad. Here's mineOh, and don't forget that card!! I'll use SendOutCards to send mine out....

With Father's Day coming up I felt it appropriate to post some jokes from http://www.fathers.com/ . These should make you chuckle some. 1) Top excuses if found asleep at your desk... "I was just meditating on the mission statement and envisioning a new paradigm!"    (This one actually works)"Just...

One of the best things you can do this 4th of July Holiday in the greater Portland area is to experience a real western rodeo at the St Paul Rodeo. Complete with parade, rodeo clowns, cowgirls and cowboys, this is a blast!! Fireworks every evening. Carnival and concessions and the St Paul Catholi...