What Are Closing Costs

By Jason Boone

Thanks to historically low mortgage interest rates, and decreased costs for some of the markets best mortgage products, mortgage applications soared last week.

The total volume increase for mortgage applications was close to 50% but the reason for that could be due to more people coming back to work and life getting back to normal after the holidays.

Current Mortgage Interest Rates

As of January 14th 2015 the current mortgage interest rates are as follows:

30 Year Fixed – 3.94%

15 Year – 3.21%

5/1 ARM – 3.21%

30 Year Jumbo – 4.04 %

What Do Low Mortgage Interest Rates Mean?

Low mortgage interest rates mean it’s a great time for you to buy a home in Bend Oregon now since you can easily save thousands of dollars over the lifetime of your mortgage loan before interest rates increase.

Everyone from economists to mortgage lenders across the United States are predicting mortgage interest rates to increase to at least 5% by the end of the year so you can save money on a mortgage loan by getting pre-approved for a mortgage loan now and starting your search for a home in Bend.

To learn more about mortgage interest rates or to view the latest homes for sale in Bend contact me, Jason Boone, Principal Broker with Duke Warner Realty | Skjersaa Group by clicking here or calling me today at (541) 383-1426.

About Duke Warner Realty

Established in the late 1960’s by Duke & Kitty Warner, Duke Warner Realty takes pride in putting the best interest of the customer first.

What makes our firm different from other Real Estate companies in Bend is that you can establish a relationship with us and have confidence that should you refer your friend, family member or associate to us in the future they will receive the same personalized service and support from the same agent as you did.

For more information on buying or selling a home in Bend contact us today by calling (541) 383-1426 or click here to contact us through our website.