Posts with tag 'bend homes for sale'
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Secrets To Selling Your Bend Home Quickly
Seeing your house sit on the market without any bites is the ultimate frustration. And unfortunately, some sellers are in that tricky spot today.
According to data from the National Association of Realtors (NAR), the average time a house spends on the market has increased over the past few years (see graph below):
A recent post from
19
Falling Mortgage Rates Are Bringing Buyers Back
If you've been hesitant to list your house because you're worried no one's buying, here's your sign it may be time to talk with a Bend Premier Real Estate agent.
After months of high rates keeping buyers on the sidelines, things are starting to shift. Rates are already coming down due to a number of economic factors. And yesterday the Federal Reserve cut the Federal Funds Rate for the first time since they began raising that rate in March 2022. And while they don't control mortgage rates, this sets the stage for mortgage rates to fall even further than they already have – especially since more cuts from the Fed are expected into next year. And lower
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Mortgage Rates Drop to Lowest Level in over a Year and a Half
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.
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Bend Premier Real Estate | September 2024 Newsletter
What's in the September 2024 Bend Premier Real Estate Newsletter?
- Are Lower Mortgage Rates Spurring Bend Sales?
- Summertime Fruit Salad
- 10 Things to Do in September
- Take the Climbers Trail to Middle Sister
- Early Forecasts for the 2025 Housing Market
6
Bend Oregon Real Estate | August 2024 Trends
Are Lower Mortgage Interest Rates Spurring Bend Real Estate Sales?
Mortgage interest rates have come down to their lowest rate in a year with the 30 year mortgage now at 6.35%. This has made a difference in both the buying and selling side of Bend home sales with buyers now being able to afford more than they could just a few months ago and sellers, who have been sitting on the fence on whether or not they wanted to give up their great mortgage rate for a new, higher one on a different home, feeling comfortable enough to at last list their home. We are seeing more listings...