Mortgage rates falling despite Fed’s increase

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...

Sales prices approach highest on record

March homes sales in Bend, Oregon, picked up compared with the previous month and registered the second-highest median sales price in the last 10 years. The median price climbed to $395,000 in March. The only month in our data set (dating to the start of 2007) that...