The Best Way To Keep Track of Mortgage Rate Trends Have you been thinking about buying a home? Chances are you’ve got mortgage rates on your mind. You’ve heard about how they impact how much you can afford in your monthly mortgage payment,…
If you’ve been thinking about buying a home, in the Pacific Northwest, including Portland, OR, Vancouver, WA, or across Oregon, Washington, and Idaho? mortgage rates are probably top of mind for you. They may even be why you’ve put your plans…
What’s Really Happening with Mortgage Rates? Are you navigating the mortgage rate maze in the Portland, OR, and Vancouver, WA metro areas? That might be because you’ve heard someone say they’re coming down. But then you read somewhere else that…
What Lower Mortgage Rates Mean for Your Purchasing Power When you’re in the market for a home in the Portland metro area or the broader regions of Oregon, Washington, and Idaho, comprehending the influence of mortgage rates on your purchasing…
Are Higher Mortgage Rates Here To Stay? Mortgage rates rates have recently surged, making headlines and causing some concern for prospective homebuyers in Oregon, Washington, and Idaho. If you’ve been following the headlines, you may have even seen rates recently…
Everywhere you look, people are talking about a potential recession. And if you’re planning to buy or sell a house in Oregon, Washington or Idaho, this may leave you wondering if your plans are still a wise move. To help…
Understanding How Mortgage Rates Affect Homebuyers in Oregon and Washington Are you considering purchasing a home in Oregon or Washington? It’s important to understand how mortgage rates can impact your ability to buy. Even a small change in mortgage rates…
The biggest challenge the housing market’s facing is how few homes there are for sale. Mark Fleming, Chief Economist at First American, explains the root causes of today’s low supply: “Two dynamics are keeping existing-home inventory historically low – rate-locked existing homeowners and the fear of…
Think Twice… Last year, the Federal Reserve took action to try to bring down inflation. In response to those efforts, mortgage rates jumped up rapidly from the record lows we saw in 2021, peaking at just over 7% last October. Hopeful buyers experienced a hit to…
This past year, rising mortgage rates have slowed the red-hot housing market. Over the past nine months, we’ve seen fewer homes sold than the previous month as home price growth has slowed. All of this is due to the fact that…
