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Tag: Mortgage Interest Rates

Mortgage Rates Post Biggest Jump in Nearly a Year!
Posted on 09/21/2019
Mortgage Rates Post Biggest Jump in Nearly a Year!
Source: Freddie Mac REALTOR® Magazine Inspite of a Federal Reserve Bank's cut of the benchmark rate this week, mortgage rates took an unexpected uptick. Most likely strong demand from new home sales along with increased refinancing activity increased demand for mortgages. We should see the rates dropping back as this activity adjusts for the fall season. Still rates...
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How Consumers Will Benefit From Latest Fed Rate Cut
Posted on 09/19/2019
How Consumers Will Benefit From Latest Fed Rate Cut
Image by OpenClipart-Vectors from Pixabay. Does the news regarding Federal Reserve Bank action to reduce the Fed Funds Rate really impact your mortgage, installment loan(s) and credit card(s) interest rates? Not directly in most cases but they may have an effect. The information below helps explains in more detail The Federal Reserve's action and it's effect. The Federal...
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Mortgage Rates Reverse, Post Increases This Week!
Posted on 09/14/2019
Mortgage Rates Reverse, Post Increases This Week!
Chart: Courtesy Freddie Mac and REALTOR® Magazine Slight rise in mortgage rates this week. However National the 30 year rate remains the lowest in almost 4 years. Here are more details. The 30-year fixed-rate mortgage reversed course this week, rising to an average of 3.56%. Despite the uptick, this is the first time that the 30-year fixed-rate mortgage...
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The ‘Summer Swoon’ Continues With Mortgage Rates
Posted on 09/06/2019
The ‘Summer Swoon’ Continues With Mortgage Rates
Source: Freddie Mac, REALTOR® Magazine Mortgage interest rates continue to slowly drop meaning it is a great time to seriously be looking at purchasing a home. With home appreciation in the Portland, OR Metro being in the low single digitals, low unemployment and rising wages; we now have one of the most affordable home markets in the last...
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Mortgage Rates Hover Near Record Lows
Posted on 08/16/2019
Mortgage Rates Hover Near Record Lows
Chart source: Freddie Mac With all the chaos in the news including talk of inverted yield curves, the mortgage market remains pretty calm. Nationally, low interest rates remains in place on the standard 30-year fixed mortgage. With home price appreciation in the low single digits here in the Portland market, home affordability is much better than in previous...
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Mortgages Haven’t Been This Cheap Since 2016
Posted on 08/10/2019
Mortgages Haven’t Been This Cheap Since 2016
Graphic source: Freddie Mac It is great time to be looking to get a mortgage to purchase a home. Housing affordability has reached an 18 month high. Our local multiple listing service reports there are over 22,000 homes and properties currently listed for sale. Here is an article about the latest report on mortgage rates. The 30-year fixed-rate...
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Home price growth continues to taper in the Portland, OR area, May brought the slowest annual increase in seven years.
Posted on 08/05/2019
Home price growth continues to taper in the Portland, OR area, May brought the slowest annual increase in seven years.
Image by kalhh from Pixabay. Earlier this year I could see a real slow down in Portland's home price appreciation. Given this fact along with a significant reduction in home mortgage interest rates, and a great jobs picture has increased the affordability of our area's homes. If you are looking to buy in the next 6 months this...
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