99 articles found with the search of "mortgage rate"

Now that the market is slowing down, homeowners who haven't sold at the price they were hoping for are increasingly pulling their homes off the market. According to the latest data from Realtor.com, the number of homeowners taking their homes off the market is up 38% since the start of this year and 48% since the same time last June. For every 100 new listings in June, about 21 homes were taken off the market.

And if you've made that same choice, you're probably frustrated things didn't go the way you wanted. It's hard when you feel like the market isn't working with you. But while slowdowns can be painful in the moment, history tells us they don't last forever.

History Repeats Itself: Proof from the Past

This isn't the first time the housing market has experienced a slowdown. Here are some other notable times when home sales dropped significantly:

• 1980s: When mortga...

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Over the past few years, affordability has been the biggest challenge for homebuyers. Between rapidly rising home prices and higher mortgage rates, many have felt stuck between a rock and a hard place.

But, something pretty encouraging is happening. While affordability is still tight, mortgage rates have shown signs of stabilizing in recent months. And that may finally make it a bit easier to plan your move.

Mortgage Rates Have Stabilized – For Now

Over the past year, mortgage rates have had their share of ups and downs, making it tough for buyers to know what to expect. But recently, rates have started to level out and have settled...

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Is Bend Moving Into a Balanced Market?

The May data has been published and for those who are familiar with Bend Oregon real estate trends, the increase in the numbers of active listings is significant. May traditionally has been a month with a surge in new listings with sellers getting ready for the peak summer selling season. However, in May 2025 there was a huge 42% increase in active inventory year over year. With these numbers, Bend is now trending close to a balanced market with months of supply approaching 5 months.

When May 2025 is compared with May 2024, the following changes can be noted for Bend single family home sales on less than an acre:

• Median sales price up 2.6% to $774,250*
• Original median listing price up 4.7% to $874,000
• New listings up 3.6% to 285
• Homes for sale up 41.9% to 6...

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A lot of buyers are pressing pause on their plans these days, holding out hope that mortgage rates will come down – maybe even back to the historic-low 3% from a few years ago. But here's the thing: those rates were never meant to last. They were a short-term response to a very specific moment in time. And as the market finds its footing again, it's time to reset expectations.

Back in 2020 and 2021, 3% mortgage rates gave buyers a serious boost: more affordability, more buying power, and more opportunity. But those rates were a result of emergency economic policies during the height of a global pandemic. Now that the economy is in a different place, we're seeing mortgage rates in the high 6% to low 7% range.

And while experts currently project a slight easing in the months ahead, most industry leaders agree: rates are not going back to 3%.

Instead, many forecasts suggest mortgage rates will...

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If you're a first-time homebuyer, chances are you'll come across some terms you're not familiar with. And that can be overwhelming, especially while going through one of the biggest purchases of your life. 

The good news is you don't need to be an expert on real estate jargon. That's your Bend Premier Real Estate agent's job. But getting to know these basic terms will help you feel a lot more confident throughout the process.

Terms Every Homebuyer Should Know

Once you're familiar with this terminology, you'll have a better understanding of important details – from contracts to negotiations. So, when those big conversations happen, you'll feel informed, in control, and able to make the best decision for your unique situation. As Redfin puts it:

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