One drawback to a Federal annual deficit of two trillion dollars is the need to monetize the debt through government bonds. Bonds sell in an auction format, and investors will only purchase the bonds if the yield makes sense in our inflationary economy. As the auctions wind down, bond yields …

Available inventory is a significant metric impacting the Central Oregon housing market now and into the future. While more homes for sale this year than in the recent past has helped selection, prices have remained firm. However, there are signs that economic uncertainty might be slowing price appreciation. Also …

Buyers across Central Oregon are re-engaging the market with robust activity and dips across the board in inventory. This morning, the 30-year average for a fixed-rate conventional mortgage is 6.20%, unchanged from the last several days. I suspect many motivated buyers recalculated loan preapprovals over the previous few …

Weekly pending sales across all three Central Oregon counties were strong this week, but inventory increased, which isatypical for this time of year. Many in the real estate industry have proselytized a drop in the overnight rate from the Federal Reserve as the relief needed to free up the …

After what feels like an eternity, the Federal Reserve will announce today a decrease in the overnight rate of at least 25 basis points and potentially 50. Reducing 25 basis points will likely stabilize mortgage markets, with the 30-year fixed-rate conventional mortgage national average this morning at 6.11%. If …

Lightning-caused fires west of Sunriver and adjacent to Mt. Bachelor have had the Sunriver Resort and Three Rivers South communities on "standby to evacuate" mode for the last few days. While the air quality in these neighborhoods has been relatively good, the SSW winds were blowing most of …

Now that Labor Day is over, I remember the saying, "The days are long, but the years are short." Here in the Sunriver area, most out-of-town visitors have left for home. In 2020, 2021, and 2022, Labor Day felt more like a typical weekend, with the volume of …

The end of August before Labor Day typically sees a lull in the Central Oregon housing market before activity picks up in the fall. With the national average for a 30-year fixed-rate mortgage at 6.42% and inventory higher than any time in the last few years, buyers have …

With Labor Day just around the corner, seasonal price and inventory reductions are in full swing. In addition, yesterday afternoon, the national average for a 30-year fixed-rate conventional mortgage was 6.49%. This combination of factors creates the best buying conditions of recent times. While reduced mortgage interest …

The national average for a fixed-rate 30-year conventional mortgage closing yesterday was 6.52% after the Producer Price index came in better than predictions. If the CPI report is favorable today, the chances of a Fed rate decrease in September will improve, bringing some welcome stability to mortgage rates …