Emory Team, Associates at Pacific Sunset Mortgage

Emory Team, Associates at Pacific Sunset Mortgage Since 1989 we have been dedicated to homeownership regarding Purchases, Refinances and Reverse Mortgages. Chair Ethics '99-'03 OAMP. We have two sons.

About Steve
After I leave the office for the day, I am a husband of over 40 years to the same lady. We live out in Vernonia with our five dogs (Great Dane to a 4lb Pom), four horses and cats. I run with the dogs each morning for about 45 minutes, rain, snow or sunshine. Our oldest lives and works in Beaverton and our youngest lives and works in Austin, TX. My wife & I are both very proud of both o

f our sons. They are growing in to good decent young men with career goals. It seems I spend a lot of time at Home Depot with minor repairs or remodeling something. We like to camp and go for trail rides on our horses. Oregon has many nice spots to camp & ride within a few hour drive of Portland Metro. We go to the coast quite a bit but also go in to the Cascades and Willamette Valley. I don’t watch much regular TV except news but I do enjoy movies at home. I can re-watch some of the old classics every month but I enjoy a wide variety of movies. We go out to dinner occasionally with friends and go for a day drive to the coast at least once a month, year round. It is never boring and is actually quite satisfying to help people get home loans. Some loans are easy to get approved but others are quite difficult. There have been a lot that were turned down by other lenders that I was able to get through. When you tell someone they can get the loan they need, whether to buy their dream or to help a financial situation or crisis, they are appreciative. Helping a "First Time Buyer" understand the process and get their first home is very rewarding, too.

We've stayed in a stable range for Mortgages and Treasuries, for over two and a half years. I remember the 'experts' pre...
07/16/2026

We've stayed in a stable range for Mortgages and Treasuries, for over two and a half years. I remember the 'experts' predicting "5% by Christmas 2023" while I said they were nuts. Their hope was just wishful pattern predictions rather than based on any economic principles. With inflation above the Fed 2% target, and 10 Year Treasuries holding at over 4% yields, you'll not see any significant mortgage rate drops.

CPI (inflation) numbers for June came out down at 3.5%, probably due to the oil prices dropping with the Iran MOU. This is irrelevant now as the war is heating up again. Oil prices have not surged this time yet.

Rinse, Repeat, Iran. With the Iran war heating back up and inflation fears, mortgages and Treasuries are back on the upw...
07/09/2026

Rinse, Repeat, Iran. With the Iran war heating back up and inflation fears, mortgages and Treasuries are back on the upward swing. With the current developments, inflation may be more permanent than transitionary. If so, we will see rates stay higher for longer and could easily rise another 0.5%. This will cause additional pressure on the Feds to raise the Funds Rate to check inflation.

CPI (inflation) numbers for June are out next week and there was hope that the three months of raises in CPI would stop due to the 'ceasefire', but this is irrelevant now as the war is heating up again.

Rates have been steady for about a month now. Financial markets seem to have become used to the ups/downs of the Iran "C...
06/25/2026

Rates have been steady for about a month now. Financial markets seem to have become used to the ups/downs of the Iran "Ceasefire". CPI (inflation) rose again in May for the third month in a row. There is hope that with oil prices dropping back now, this uptick in inflation is temporary. The Fed is watching closely as they don't want to make the same mistake they did in 2021 when some said the COVID inflation was temporary (It wasn't).

The Fed meeting in June (no change to The Funds Rate) was Warsh's first press conference as Chairman. He spoke of renewed Fed commitment to price stability (inflation) with the unanimous agreement of the board. He is known as an inflation hawk. While he did not come right out and say it, based on inflation numbers currently it was understood that any movement in the Federal Funds Rate this year will be up, not down. More important for mortgage rates, Warsh also expressed interest in reducing the Fed's balance sheet. This will put more MBS in to the markets, raising rates.

The Fed met this week and it was Warsh's first press conference as Chairman. He spoke of renewed Fed commitment to price...
06/19/2026

The Fed met this week and it was Warsh's first press conference as Chairman. He spoke of renewed Fed commitment to price stability (inflation) with the unanimous agreement of the board. He is known as an inflation hawk. While he did not come right out and say it, based on inflation numbers currently it was understood that any movement in the Federal Funds Rate this year will be up, not down. More important for mortgage rates, Warsh also expressed interest in reducing the Fed's balance sheet. This will put more MBS in to the markets, raising rates.

CPI (inflation) number for May came in at 4.2%, the third rise in a row, and the highest level since April 2023. The pac...
06/12/2026

CPI (inflation) number for May came in at 4.2%, the third rise in a row, and the highest level since April 2023. The pace of the increases is dropping slightly, but it is still not a good sign for interest rates. The oil price variations due to the Iran war are still driving the markets. The Fed meets next week though almost no one is predicting Funds Rate decreases anytime soon. If inflation doesn't calm soon, we will see rises in the Funds Rate.

Financial markets have been very volatile since the Iran war. Rates have moved up on negatives news, and down on positiv...
05/29/2026

Financial markets have been very volatile since the Iran war. Rates have moved up on negatives news, and down on positive news. With three of the four rates tracked in the chart below rising rapidly the last few months, it shows how much the Iran war has impacted markets. The volatility won't end until a final resolution happens with Iran.

CPI (inflation) for March and April both rose rapidly due to the oil price shocks. Market experts are predicting no further Fed Fund Rate cuts this year, though it will really depend on data on inflation (Is the oil shock temporary), and the economy strength or lack thereof.

CPI (inflation) for April came out at 3.8%, another significant bump two months in a row. CPI is now higher than the Fed...
05/14/2026

CPI (inflation) for April came out at 3.8%, another significant bump two months in a row. CPI is now higher than the Fed Funds Rate. This is putting the breaks on predictions of a Fed Funds Rate cut later this year and has started predictions of a rise. Data will drive the Fed and everyone is hoping this rise is temporary from impacts of the Iran war. Of course the last time in 2021 when the CPI rose, experts thought it was 'temporary' due to COVID, which turned out not to be the case. It was run of the mill inflation and the Fed waited far too long to respond to it.

Mortgages went up after the Iran attack but have calmed a little since. We are still up a chunk since the attack. CPI fo...
04/30/2026

Mortgages went up after the Iran attack but have calmed a little since. We are still up a chunk since the attack. CPI for March rose at the fastest level in four years due to the oil price shocks. Markets are still reacting to news from Iran.

The Fed held the Funds Rate steady yesterday and markets are not expecting much if any moves from the Fed for 2026. Though we do get a new Fed Chair in May. Kevin Warsh is slated to take over from Jerome Powell who has served since 2018. The new Fed Chair is predicted to govern differently than Powell. We shall have to wait and see.

The Spring buying season is here. We'll need to see April's numbers to understand how the Iran war is impacting numbers. While the war started Feb. 28th, March sales were not impacted much from it as March closings are from February accepted contracts typically. April's numbers will reflect March contracts, all written with the higher rates and war going on. Year to date through March we are still at historical low numbers of sales nationally.

CPI numbers (inflation) for March came out up the sharpest monthly rise in four years to 3.30%. As predicted, and again ...
04/17/2026

CPI numbers (inflation) for March came out up the sharpest monthly rise in four years to 3.30%. As predicted, and again due to Iran pressures on oil prices. Treasuries and mortgage rates have calmed somewhat with recent news. If oil prices come down with positive news, and the CPI bump is temporary, it shouldn't have much impact on The Fed. Talk of any Fed Funds Rate cuts is off the table for a while though.

Address

15455 NW Greenbrier Pkwy STE 100
Beaverton, OR
97006

Opening Hours

Monday 10am - 5pm
Tuesday 10am - 5pm
Wednesday 10am - 5pm
Thursday 10am - 5pm
Friday 10am - 5pm

Telephone

+15037477998

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