Posts in category 'Bend Real Estate General Information'
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14
What's Up with Mortgage Rates?
Are you feeling a bit unsure about what's really happening with mortgage rates? That might be because you've heard someone say they're coming down. But then you read somewhere else that they're up again. And that may leave you scratching your head and wondering what's true.
The simplest answer is: that what you read or hear will vary based on the time frame they're looking at. Here's some information that can help clear up the confusion.
Mortgage Rates Are Volatile by Nature
Mortgage rates don't move in a straight line. There are too many factors at play for that to happen. Instead, rates bounce around because they're impacted by things like economic conditions, decisions from the Federal Reserve, and so much mo...
5
Mortgage Rates Coming Down for the Past 5 Weeks!
Will Mortgage Rates Continue Their Downward Trajectory?
For the past five weeks, mortgage interest rates have dropped, returning to figures that haven't been seen since August. Any relief from the high rates recently experienced is welcome. With each 1% reduction in mortgage rates, it roughly reduces the monthly mortgage payment by 10%. The chart below shows how purchasing power is impacted by mortgage rates.
Bend Home Buyers Have More Options with Lower Interest Rates
When potential home sellers have great mortgage interest rates, they hesitate to list, even when a different home may be a better option for them at this time in their lives. When the financed cost of a new home would make their monthly payment significantly more, the benefit of a different living arrangement is offset by the monthly cost for the...
5
Three Tips for First-Time Homebuyers
Buying your first home is a major decision and an exciting milestone. Even though it can feel daunting at times, it has the power to change your life for the better. If you're looking to purchase your first home, you may be wondering what's happening in the housing market today, how much you need to save, and where to start.
Here are three things that can help give you the information you need to confidently pursue your dream of homeownership.
1. Consider Al...
8
How Covid 19 is Changing Central Oregon Real Estate
Will Coronavirus Change the Central Oregon Real Estate Market?
With the outbreak of the coronavirus worldwide, which has sickened thousands and created panic and uncertainty in our stock market, we are left to question if the effects will extend to the US real estate market, and more specifically to our local Central Oregon real estate market.
Coronavirus Pushes Down Interest Rates
Mortgage Interest Rates have already fallen to new record lows (3.29% as of March 5th) as investors are taking money out of the volatile stock market and putting it into safer US Treasury Bonds. Historically, when bonds are strong, mortgage rates go down.
27
Bend Premier Real Estate Offers 3D Home Tours!
Get Your Bend Oregon Listing Shown in 3D!
Bend Premier Real Estate is thrilled to announce having purchased the Matterport 3D virtual imaging program. Bend Premier Brokers can now offer this fabulous system to our sellers which enables buyers to tour our listings virtually anywhere in the world 24 hours a day.
Unlike traditional 2D photography, the 3D virtual tour allows prospective buyers to "tour" the home, by virtually walking through the property, stopping to "look" at features of interest and zooming in to catch more detail. Outside of touring the home in person, it is the next best thing to being there.
Get More Buyers to See Your Bend Oregon Real Estate
In a seller's market where it may be difficult for the best out of town buyer or even local buyer for your home to get there before someone else offers on the property, having a 3D tour can give all buyers confidence on the features of the home and may enable more buyers to offer without actually touring the property. In real estate, the more people who can actually "see" your home, the more likely you are to get a great offer.
Sell Your Bend Real Estate Quick
Our Brokers can easily set up a photography session to film your home for the 3D tour. Give your Bend Premier Real Estate Broker a call today to find out more how 3D tours can help sell your home!