101 articles found with the search of "mortgage rate"
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26
What Mortgage Rate Are You Waiting For?
You won't find anyone who's going to argue that mortgage rates have had a big impact on housing affordability over the past couple of years. But there is hope on the horizon. Rates have actually started to come down. And, recently they hit the lowest point we've seen in 2024, according to Freddie Mac (see graph below):
14
Is Bend Home Affordability Starting To Improve?
Over the past couple of years, a lot of people have had a hard time buying a Bend home. And while affordability is still tight, there are signs it's getting a little better and might keep improving throughout the rest of the year. Lawrence Yun, Chief Economist at the National Association of Realtors (NAR), says:
"Housing affordability is improving ever so modestly, but it is moving in the right direction."
Here's a look at the latest data on the three biggest factors affecting home affordability: mortgage rates,
24
How Affordability and Remote Work Are Changing Where People Live
There's an interesting trend happening in the housing market. People are increasingly moving to more affordable areas, and remote or hybrid work is helping them do it.
Consider Moving to a More Affordable Area
Today's high mortgage rates combined with continually rising
15
Why Your Asking Price Matters Even More Right Now
If you're thinking about selling your house, here's something you really need to know. Even though it's still a seller's market today, you can't pick just any price for your listing.
While home prices are still appreciating in most areas, they're climbing at a slower pace because higher mortgage rates are putting a squeeze on
8
Bend Oregon Real Estate | June 2024 Trends
Bend Home Prices Up as are Inventory Levels
Bend home prices are up year over year but so are inventory levels. The rate of the increase in Bend home prices has dropped, but we are still not experiencing overall reduced home prices. While buyers have more options, mortgage interest rates (just short of 7% as of July 3, 2024) remain high which has limited the buying power for many. July typically is the busiest month of the year for Central Oregon home sales and it remains to be seen whether the combination of high prices and high mortgage interest rates will curtail Bend real estate sales this summer.When June 2024 is compared with June 2023, the following changes for Bend single family home sales on less than an acre can be noted: