Posts from September 17th, 2024

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September
17

Mortgage Rates Drop to Lowest Level in over a Year and a Half

September 17th, 2024 by Bend Premier Real Estate

Mortgage rates have hit their lowest point in over a year and a half. And that's big news if you've been sitting on the homebuying sidelines waiting for this moment.

Even a small decline in rates could help you get a better monthly payment than you would expect on your next home. And the drop that's happened recently isn't small. As Sam Khater, Chief Economist at Freddie Mac, says:

"Mortgage rates have fallen more than half a percent . . . and are at their lowest level since February 2023."

But if you want to see it to really believe it, here's how the math shakes out. Take a closer look at the impact on your monthly payment.

The chart below shows what a

Click Here to Read More...

Categories: Bend Real Estate General Information

Tags: bend homes for sale, bend oregon, bend home prices, bend single family homes, bend real estate trends, Redmond Oregon Real Estate, Central Oregon Real Estate, Bend, Redmond, Mortgage

Related Markets: Bend, Redmond

Posts from September 17th, 2024

Mortgage Rates Drop to Lowest Level in over a Year and a Half

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