2227 NW Lemhi Pass - 22

By Jason Boone

If you follow Bend Oregon Real Estate News like we do, you’ve been following mortgage interest rates as well, and the good news is that mortgage interest rates have remained UNCHANGED for another week.

Why are mortgage interest rates not increasing as some Realtor’s and economists predicted at the start of 2015? One of the answers is a weak jobs report which has kept Janet Yellen and the Federal Reserve from increasing mortgage interest rates as we move into the summer months.

The Right Time to Buy

Thanks to super low mortgage interest rates, NOW is the right time to buy a home in Bend Oregon or elsewhere in Central Oregon, especially if you’ve been thinking about buying a bigger home or investing in a rental property.

Recent mortgage reports have indicated that purchase mortgage applications have increased by 7 percent in recent weeks while at the same time there’s been a decline of at least 3 percent in mortgage refinancing.

Be a Smart Home Buyer

With so many buyers out there searching for Bend Oregon Real Estate you can expect a very busy spring and summer buying season.

To avoid the disappointment of being outbid, or losing the Bend Oregon home you really want, here are 3 tips you can use to be a smart home buyer.

  1. Get pre-approved for a mortgage loan.
  2. Check your credit and remove any negative or inaccurate items which may be reported about you.
  3. Be smart financially by paying your bills on time and reducing your debt-to-income ratio.

Get More Bend Oregon Real Estate News

For more Bend Oregon Real Estate News, or to view homes for sale in Bend, Redmond, Prineville and other Central Oregon communities, contact me, Jason Boone, Principal Broker with Duke Warner Realty | Skjersaa Group by calling me at (541) 383-1426 or click here.