With mortgage rates for a 30-year fixed-rate conventional mortgage holding at 6.58%, and inventory in Deschutes County at highs not seen in several years, activity is picking up steam. The pending sales in Deschutes County this week reached a high not seen since August 24, 2022. Increased competition is …

Anyone who has been wishing for lower mortgage interest rates will be happy to learn that the 30-year fixed-rate conventional average this morning is 6.58%, the lowest point since a brief dip last September. The decrease in interest rates coincides with a busy season for home sales, and unsurprisingly, …

While I do not expect the Fed to lower the overnight rate in today's meeting, mortgage rates have been trending down over the last few weeks, with the national average for a 30-year fixed-rate mortgage at 6.77% this morning. I doubt the slight downtick in rates is much of …

This morning, the national average for a fixed-rate conventional mortgage is 6.77%, the lowest in two weeks. The number of homes listed for sale in Central Oregon is at its highest level in several years, and price decreases are prevalent as sellers attempt to position themselves for a sale …

Mortgage rates are trending downward ever so slightly, inventory growth is slowing, and activity is increasing. For those of you looking to buy or sell in 2025, the next several weeks are shaping up to be a busy period. For buyers, the presence of motivated sellers is making life …

Activity was steady again this week, while inventory levels remained flat or declined across Central Oregon. With the Fourth of July on Friday and a long weekend ahead, it is not surprising that some sellers may have pulled back until after the holiday break. The interesting thing to watch …

This morning, the national average for a 30-year fixed-rate conventional mortgage is 6.82%, the lowest since early May. For reference, on January 6, 2025, the 30-year average was 7.16%. Thirty-four basis points may not be a massive decrease, but every little bit helps, and the markets respond with …

With the Federal Reserve wrapping up the latest meeting today, the chances of any rate cuts are zero. Last year, the Fed made an aggressive 50-basis-point decrease in September, followed by 25-basis-point reductions in November and December, while telegraphing two more cuts in 2025. With today's news likely to …

A common misconception in the Central Oregon Housing Market is that activity around July Fourth is the busiest time of year. In reality, the summer doldrums are a genuine phenomenon, and the late spring to early summer and mid-July through Labor Day typically see more vigorous activity. This week, …

As you will see in the data below, the three counties of Central Oregon are behaving quite differently. However, the overall dynamic of higher inventory levels over the last year is consistent to varying degrees throughout the region, with prices remaining relatively stable. Deschutes and Jefferson County are …