After the national average for a 30-year fixed-rate mortgage hit a low this week of 6.34%, bond yields spiked yesterday, and mortgages closed out the day at 6.52%. Considering rates were 7.14% on July 1, 2024, and 6.91% on the 25th, the overall trend has helped …

This morning, the national average for a fixed-rate 30-year conventional mortgage is 6.8%, the lowest rate by a slim margin in the last six months. The Fed meets today, but the chances of a rate pivot are slim. However, the talk of what might come in September could …

This morning, the national average for a 30-year fixed-rate conventional mortgage is 6.87%. While today's rate is down slightly, the trends have been moving sideways without any appreciable move from the upper and lower bounds of the last several months. Many analysts on Wall Street and in …

As we move into the second half of the summer selling season, which runs until Labor Day, less than two months away, it's worth noting that listings in Central Oregon have increased from the meager levels of the past few years. This is good news …

Inventory growth has slowed with the arrival of peak selling season. Still, all three counties of Central Oregon have more homes for sale this week than last. More listings will trickle in until August or September, when the seasonal decline in homes for sale tapers off towards winter. Typically, the …

Many lenders and real estate agents cling to mortgage interest trends as the only metric that matters when evaluating the market. While borrowing costs undoubtedly significantly impact affordability, inflation, real interest rates, and equity market trends all play a role in the decisions of many real estate buyers …

Last week, I showed significant increases in median sale prices year over year in Central Oregon. Today, let's complete the picture by looking at inventory levels and days on the market. I write these reports primarily to bring hard data to the conversation about housing in our area, as …

On October 10, 2023, the national average for a 30-year fixed-rate mortgage was 7.11%, nearly identical to this morning's rate of 7.16%. Except for a brief peak in late October to 7.91%, rates have remained within a few basis points of today's rate for several …

This week, the days the pending sales were on the market dropped in Deschutes and Crook Counties and increased slightly in Jefferson County. The increase in Jefferson County was modest and is still only 18 days, while Crook dropped thirty to 23, and Deschutes dropped nine to 16. Inventory …

All three counties in Central Oregon saw modest inventory growth this week, with Deschutes County surpassing the one-thousand mark for the first time in years. While growing inventory has created a considerably larger selection for buyers, it has yet to soften prices. However, many sellers have reconsidered …