Over the last 12 months mortgage interest rates have continued to rise and fall like the waves of the ocean.
Right now the average mortgage interest rate is about 4 percent for a 30-year fixed mortgage loan and this makes it a great time to buy a Bend Oregon Home but the question is for how long?
It’s becoming a Sellers’ Market
With tight inventory predicted in the coming months, combined with low mortgage interest rates, we can expect the coming months to be a sellers-market.
This means that most sellers will be able to get far more than the asking price for their homes as there will be more buyers on the market who have been pre-approved for mortgage loans and are ready to buy a Bend Oregon Home.
Be a Smart Buyer
Once you’ve been pre-approved for a mortgage loan, and are ready to buy a Bend Oregon Home, make sure get out from behind your laptop and attend those open houses as soon as possible when Real Estate which matches your home search criteria comes to market.
Homes are going to go fast with the weather warming up in Bend and you can give yourself the advantage by being the first buyer ready to submit an offer on a home.
To learn more about what’s happening in the Real Estate Market, or to view the latest Bend Oregon homes for sale, contact me, Jason Boone, Principal Broker with Duke Warner Realty | Skjersaa Group by calling me at (541) 383-426 or by clicking here to contact me through my website.