By Jason Boone
The latest Bend Oregon Real Estate news which affects both buyers and sellers is that mortgage interest rates continue to drop.
As of today mortgage interest rates are currently averaging about 3.59% for a 30-year fixed conventional mortgage loan.
So far mortgage interest rates are currently at the best rate we’ve seen them at in 90 weeks but does this mean it’s a good time for you to buy a home in Bend now?
Why Buy In Bend Now?
Although mortgage interest rates are still historically low we can expect them to increase to at least 5% before the end of the year.
What does this mean to you?
When you decide to purchase a Bend Oregon home now you can save at least $5,000 or more over a 30-year mortgage loan.
That extra 1 to 1.5% does mean a lot over a mortgage loan and with home inventory currently improving in Bend, Prineville, Sunriver and other Central Oregon communities there’s never been a better time for you to get into the home of your dreams.
Many Mortgage Options To Choose From
Another great thing about the 2015 Bend Oregon Real Estate market is that home buyers have many mortgage options to choose from.
Besides conventional mortgages you can choose from HUD, FHA and USDA loans plus most lenders have loosened their lending standards for 2015 making it easier for home buyers to qualify for mortgage loans in spite of their credit issues.
Learn More about Bend Oregon Real Estate
To learn more about the latest Bend Oregon Real Estate news, or to view homes for sale, contact me, Jason Boone, Principal Broker with Duke Warner Realty | Skjersaa Group by clicking here to contact me through my website or calling me a (541) 383-1426