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Tag: Mortgage Interest Rates

Mortgage Rates Plunge to 8-Year Low Amid Coronavirus Fears
Posted on 02/26/2020
Mortgage Rates Plunge to 8-Year Low Amid Coronavirus Fears
Photo by Binyamin Mellish from Pexels After months of news about the Coronavirus, the financial markets had barely flinched. However this week reality hit and markets started paying attention. As a result, investors' money is searching for safer investments. Meaning more money is pouring into the mortgage market. Thus driving down interest rates. This may be short lived....
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Mortgage Rates Hover Near All-Time Lows!
Posted on 01/24/2020
Mortgage Rates Hover Near All-Time Lows!
Source: Freddie Mac and REALTOR® Magazine After last week's announced of record mortgage applications and an increase in mortgage interest rates, the market responded with lower borrowing costs and reduced mortgage interest rates. The amazing combination of a strong economy and historically low mortgage rates makes this a great time to purchase a home. Here are more details....
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2019 Mortgage Rates Were Lowest in Nearly 50 Years!
Posted on 12/30/2019
2019 Mortgage Rates Were Lowest in Nearly 50 Years!
Photo by Markus Spiske on Unsplash. 2019 was truely a phenominal year when it came to affordable mortgage interest rates. There are some predictions of bidding wars restarting in due to the pent up demand and historical low interest rates. With 2020 being an election year, low unemployment and low risk of a recession forecasted, buyers are expected...
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Mortgage Rates Could Trend Upward Through 2020!
Posted on 12/16/2019
Mortgage Rates Could Trend Upward Through 2020!
Source: Freddie Mac For those considering buying a home in 2020, it may be better to buy sooner than later. The chances of getting a good interest rate on a mortgage maybe better earlier in 2020 than later in the year. Here are more details about this statement. A humming economy and a halt to Federal Reserve interest...
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Mortgage Rates Rise Again This Week
Posted on 11/01/2019
Mortgage Rates Rise Again This Week
Source: Freddie Mac and REALTOR® Magazine Home buyers are taking advantage of the recent mortgage interest rate reduction tp purchase or refinance a high interest rate mortgage. This demand is pushing up interest rates. With the holidays quickly approaching the recent increases should slow or even reverse. It is still a very good time to buy a home....
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Mortgage Rates Jump to Highest Averages Since August
Posted on 10/26/2019
Mortgage Rates Jump to Highest Averages Since August
Source: Freddie Mac Mortgage rates have been trending upward since mid September. However historically rates are very low. With housing prices flattening and in some case dropping, it is still a great time to purchase a home. Here are more details. The 30-year fixed-rate mortgage was on the rise last week, leaping to a 12-week high. But rates...
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Portland area sees home sales bump in September
Posted on 10/21/2019
Portland area sees home sales bump in September
Source: St. Louis Federal Reserve Bank https://fred.stlouisfed.org/series/MORTGAGE30US This year our housing market sales took a while to get going. With mortgage interest rates dropping below 4% along with slowing home price appreciation, buyers came back to the market. With the upcomming election year, more than likely mortgage interest rates will stay below 4% through 2020. The challenge will...
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Mortgage Rates Are Dropping Again!
Posted on 10/12/2019
Mortgage Rates Are Dropping Again!
Image by Paul Brennan from Pixabay Historically low mortage interest rates plus slowing home price appreciation make homeownership more affordable. Also, the most active home buying season, Summer, has pasted so sellers are much more agreeable to lowering their home's price or more willing to negotiate. Here is the latest news on current home mortgage interest rates. The...
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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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