Redding's Ups and Downs

©Mortgage Commentary 2009

The following is presented by ©Mortgage Commentary 2009, and is not my opinion nor is it guaranteed to be in the best interest of all/any other borrowers by ©Mortgage Commentary 2009. But I do find it fascinating to watch the daily advisory.

“Friday's bond market has opened down sharply following stronger than expected housing news and a strong opening for stocks. The Dow is currently up 123 points while the Nasdaq has gained 23 points. The bond market is currently down 16/32, but not expecting to see much of a change in this morning's mortgage rates due to strength in bonds late yesterday. This morning's losses should simply erase yesterday's afternoon gains, keeping mortgage pricing near yesterday's morning levels.

The National Association of Realtors reported this morning that home resales rose 7.2% last month. This was nearly triple the increase in sales that was expected, indicating that the housing sector may be strengthening at a quicker pace than many had thought...

If I were considering financing/refinancing a home, I would.... Lock if my closing was taking place within 7 days... Lock if my closing was taking place between 8 and 20 days... Float if my closing was taking place between 21 and 60 days... Float if my closing was taking place over 60 days from now.”

USGeological Survey Newroom reports "3 to 4.3 Billion Barrels of Technically Recoverable Oil Assessed in North Dakota and Montana’s Bakken Formation—25 Times More Than 1995 Estimate—
Released: 4/10/2008 2:25:36 PM"

Redding is the ultimate place in Northern California to live! One of my favorite things is seeing the trains as they cross the Union Pacific railroad trestle, built in 1939. My Uncle Ray Brock worked for Union Pacific at that time and was among the employees that took the very first ride across the bridge. So the trestle is very special to me, and I’m lucky to see it everyday. In fact, this picture is taken from our veranda.

We love living here and working as Realtors for Real Estate Professionals GMAC. Shasta County offers an incredible lifestyle for everyone. Beautiful mountains surround Redding. Lakes and streams are minutes away. The Sacramento River runs through town and the “river trail” has become one of the best trail destinations in the West with miles of running, walking and bike trails.

The trail offers stunning views of the river, mountains, and local wildlife. One morning, when Bob was walking the trail, he saw a Bald Eagle majestically perched on a jagged rock above the river with a fish in its beak. Suddenly a Golden Eagle swept by ripping the fish from the Bald Eagle’s mouth and flying off. Most people don’t see something like that in a lifetime.

On one leg of the trail, you will cross one of the most breathtaking bicycle/pedestrian bridges in the country. This Sacramento River Trail Bridge is an impressive 418-foot bridge, opened in 1990. It was the first bridge of its kind built in North America.

The Sacramento River also offers some of the best fishing there is, and it is only five minutes from our house. So both Bob and our sons love going fishing even if they only have a half hour or so. They enjoy trying to figure out if they catch the same fish time and time again. Unwinding after a busy day is easy to do here because the beauty of the outdoors surrounds us.

Even if you’re unable to live here, it’s a great place to visit. You’ll have fun discovering all there is to enjoy in Shasta County.