Foreclosure rates low, despite what you might have heard (or assumed)

by Jason Boone | Apr 21, 2021 | Bend Oregon Real Estate, Foreclosures, Mortgages, Real Estate Market

As home prices in Bend have reached unprecedented heights in the last several months, I am increasingly hearing worried whispers about foreclosures. I’ve been asked about the possibility of a wave of foreclosures striking our area. I’ve heard acquaintances state as...

Mortgage data show solid foundation to rising prices

by Jason Boone | Feb 22, 2018 | Bend Oregon Real Estate, Mortgages

Home prices in Bend, Oregon, continued their general upward trend in January 2018. The rise in the median sales price here has been part of a nationwide increase in home prices. In this environment, it’s understandable to wonder if the market might be prone to the...

Banks really do want to make home loans

by Jason Boone | Sep 7, 2017 | Mortgage Loan, Mortgages

In the aftermath of the housing bubble, there was a common perception that mortgages were impossible to obtain, that banks didn’t want to make home loans. Based on a recent publication from Oregon Community Credit Union on the home mortgage environment, that...

ARM vs. fixed-rate loan: Which is right for you?

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...

Mortgage rates falling despite Fed’s increase

by Jason Boone | Apr 20, 2017 | Mortgages

When the Federal Reserve Board raised its benchmark interest rate by a quarter of a point in mid-March, the consensus prediction was that mortgage rates would rise as well. Instead, the interest rate on the popular 30-year mortgage last week fell for the fourth week...

How to find a lender that’s right for you

by Jason Boone | Mar 24, 2017 | Home Buying Tips, Mortgage Loan, Mortgages

If you’re in the market to buy a home, you’re probably in the market for a mortgage, as well. Here are some suggestions on choosing a lender. Know your options for obtaining a mortgage. You’re not limited to a bank with nationwide branches or one of the big online...