Thom Clinton with American Pacific Mortgage NMLS #1876080

05/07/2026

Some people wonder the what the difference is between being preapproved and prequalified. Preapproved shows you are a serious buyer and able to close quicker.

05/04/2026

Whether you're an experienced homeowner or just a wookie, I can help give you an edge in getting your next home. Send me a R2-DM to get started today, and May the 4th be with you!

03/03/2026

Operation Epic Fury and Rates

I wanted to provide an update on how the recent Operation Epic Fury (OEF) has impacted mortgage rates and how markets have historically responded to similar geopolitical events.

Over the past few weeks, we had been seeing encouraging trends, with mortgage rates gradually declining and overall market and consumer confidence improving. However, on Monday those gains were quickly reversed, with rates jumping nearly 30 basis points in a single day. I wanted to wait to see whether this would be a short-term reaction or the beginning of a larger trend.

As of today, rates are beginning to stabilize and move slightly lower, though they remain approximately 30–40 basis points above where they were last week.

Historical Market Reactions
To provide context, here are three recent examples of how markets responded to similar geopolitical events:

1. 2020 – Soleimani Assassination
Following the January 3rd event, oil prices rose by approximately $6 per barrel, and the 10-year Treasury increased by roughly 10 basis points. However, by January 13th, the 10-year had largely returned to its prior levels.

2. 2023 – Hamas Attack
In early October, oil prices rose from $82 to $90 per barrel. The 10-year Treasury increased about 30 basis points—similar to what we’re seeing now. By October 27th, oil prices had declined and the 10-year had moved back toward more typical ranges.

3. 2025 – 12-Day War (June 12–23)
During this period, the 10-year Treasury rose approximately 10 basis points but ultimately fell to a level lower than where it began by the end of the conflict.

What This Means
Historically, market reactions to geopolitical events like these have been short-lived, often lasting only a couple of weeks. The primary concern within the lending world is the duration of the current volatility.

Prior to this development, there was growing belief that the Federal Reserve would continue to support additional rate cuts. However, the combination of this operation and the resulting conflict affecting the Strait of Hormuz—essentially the oil industry’s primary shipping corridor—has raised concerns about rising oil prices, which may influence decision-makers moving forward.

We will continue to monitor the situation closely, and I will keep you informed of any major developments and their potential impact on rates.

Please feel free to reach out with any questions.

02/10/2026

This has been one of the weakest ‘jobs weeks’ in several years, with multiple sources (ADP, JOLTs, Challenger) consistently pointing to a much weaker labor market. Fed rate cut probabilities are rising, and average mortgage rates remain in the low 6% range.

National news and local views for the week

11/03/2025

For the second time this year, the Federal Reserve cut short-term interest rates by 25 basis points. In addition, Fed Chair Jerome Powell officially brought 3+ years of QT to a close. Will we get a third rate cut in December? Mr. Powell said it's "not a foregone conclusion - far from it."

10/22/2025

No bones about it — I’m dying to help you find the perfect mortgage 💀 Whether you’re haunting open houses or creeping closer to your dream home, I’ll make sure your loan process is smooth from start to tomb. Don’t let the rates spook you — I’ll help you find a deal to die for! Ready to bring your homeownership dreams back to life? Send me a message to get started! 🕸️

10/20/2025

Finding the right home isn’t just about the house — it’s about the neighborhood that fits your lifestyle 🏡 Whether you love walkable streets, have a family, or consider yourself a foodie, the community around you matters. As your loan officer, I can help you understand how different locations may impact your buying power and loan options. Ready to find a place that truly feels like home? Let’s connect and start planning your move!

10/10/2025

Your credit score helps lenders see how you've handled debt in the past; the higher your score, the lower the interest rate on your mortgage might be. So, as you can imagine, it's good to raise your score in preparation for applying for a loan. Send me a message for more tips to help get your finances in good shape for a mortgage!

10/07/2025

Some information about the Eugene market. According to the stats there are 39 thousand renters who could afford to be owners and may not know it. If you aren't sure if you could own a home reach out and lets start the discussion.

10/15/2021

Helpful tips for managing your budget.

Your purse or wallet can be more than just a place to pull your money out of so you can spend it. It...