by Jason Boone | Oct 13, 2018 | Bend Oregon Real Estate, Mortgage Interest Rates, Real Estate News
For only the second time in the last 11-plus years, the median price of a home in Bend, Oregon, has declined for three months in a row. September’s median price was $425,000, a drop from June’s $449,450, which stands as the highest for any month dating to the start of...
by Jason Boone | Jul 4, 2018 | Buying a home, Home Buying, Mortgage Interest Rates, Uncategorized
Anyone who has been in the market to purchase a home recently probably knows that interest rates on traditional 30-year mortgages have risen in the past year, from about 4 percent in July 2017 to 4.625-4.75 percent early this month. Results from a survey, however,...
by Jason Boone | Aug 1, 2017 | Bend Oregon Real Estate, Home Buying, Mortgage Interest Rates, Mortgage Loan, Mortgages
Even though interest rates for traditional 30-year mortgages are near the lowest on record, some home buyers in Bend, Oregon, take on adjustable-rate mortgages, or ARMs. These loans start, for a predetermined time, with an interest rate even lower than that of a...
by Jason Boone | Mar 2, 2017 | Buying a home, Mortgage Interest Rates, Mortgage Loan, Mortgages
By Jason Boone Even as the housing market rebounded from the depths of the recession, big banks largely stood on the sideline. They watched as nonbank institutions — companies that only make loans and don’t offer traditional banking services such as savings and...
by Jason Boone | Sep 26, 2016 | Bend Oregon Real Estate, Mortgage Interest Rates, Mortgage Loan, Mortgages
By Jason Boone Federal Reserve chairwoman Janet Yellen announced this month that the central bank would not raise its benchmark interest rate. What can be read into that for the housing market in Bend, Oregon? First understand that the Fed Funds Rate is used to set...
by Jason Boone | Jul 1, 2016 | Bend Oregon Real Estate, Mortgage Interest Rates, Mortgages
By Jason Boone Voters in Great Britain helped make home ownership more affordable for buyers in the United States. The effect isn’t huge, but it’s there. The late-June “Brexit” referendum, which came down on the side of Britain leaving the European Union, had an...
