With the next Federal Reserve Open Market Committee meeting only six days away, the industry insiders expect another rate cut. Mortgage rates move in anticipation of Fed cuts, not in reaction to them, and judging by today's national average 30-year fixed-rate conventional mortgage rate of 6.17%, another …

Activity across Central Oregon remains steady, but differences between Deschutes County, the region's largest population center, and smaller Crook and Jefferson counties are beginning to emerge. Inventory remains elevated compared with recent years, but the seasonal slowdown into winter, combined with steady sales, has reduced the number …

Stability in the housing market continues, with mortgage interest rates for a 30-year fixed-rate conventional loan remaining at 6.38%, and inventory levels higher than in several years. Our spectacular weather this fall is likely a contributing factor, yet another aspect helping buyers. At this time of year, …

Mortgage interest rates have remained remarkably stable since adjusting after the last Federal Reserve meeting, with the national average for a 30-year fixed-rate conventional mortgage steady at 6.37% this morning. While this may be slightly higher than the pre-meeting lows, this rate is the lowest since January …

The Federal Reserve delivered the highly anticipated rate decrease (25 basis points) that everyone had been waiting for, but mortgage interest rates initially rose. Mortgage rates align with the trends of the 10-year Treasury note, rather than the Fed's overnight rate, and bond investors have concerns about …

The consensus is that the Federal Reserve will decrease the overnight rate by 25 basis points today. While I remain skeptical that it will happen, and candidly do not believe it is the right move, my opinion is irrelevant. However, if rates decline, I do not expect …

With the national average for a 30-year fixed-rate conventional mortgage this morning at 6.29%, activity in the housing market is brisk. Many in the industry, along with buyers, are anticipating the Federal Reserve making a move to lower the overnight rate in the Open Market Committee meeting …

Over the past several days, there has been considerable discussion about the president declaring a "housing emergency" and its potential implications. The debate centers around exempting building materials from tariffs, decreasing closing costs, and other ideas under discussion. Treasury Secretary Scott Bessent also mentioned these ideas in …

This morning, the number of single-family listings in Deschutes County is 1,452, a decrease of thirty from last week, and averaging $1,157,881. Pending sales are down slightly from the high volume of the previous few weeks, at seventy-eight, averaging $844,644. Sixty-eight closed transactions averaged $920,079. The average …

With the national average for a 30-year fixed-rate conventional mortgage holding steady at 6.6%, activity remains consistent, resulting in some of the biggest weeks for transaction volume this year. Buyers are taking note of the wave of price reductions and are making moves to secure properties. This …