Although the weather in Central Oregon has recently felt wintery, spring is undeniably on its way. Mortgage interest rates have softened a bit, now at 6.79%, while activity has increased in Crook and Jefferson Counties and slowed to more average levels in Deschutes County for this time of year. …

With inventory growth across all three counties of Central Oregon and mortgage rates at 6.79% this morning, conditions continue to favor buyers slightly as we enter the 2025 selling season. While prices remain relatively firm, different price points are experiencing varying degrees of pressure from new inventory. Sellers …

This morning, the national average for a 30-year fixed-rate conventional mortgage is 6.7%, a 30 basis point drop from just several days ago. Without strong underlying data driving this drop, it is difficult to predict how long this trend might last, but there is little doubt this is …

Mortgage interest rates are at recent lows at 6.8% this morning, providing some relief for buyers. Whether rates continue to improve remains to be seen, but today's conditions are a noticeable improvement from the last few months. 

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This morning, mortgage rates for a 30-year fixed-rate conventional mortgage are 7.02%, nearly identical to the last several weeks, with no significant change on the horizon. In the housing market, when mortgage rates stay elevated, inventory rises. If inventory increases enough and buyer demand slips, prices soften. Increasing …

This morning, the national average for a 30-year fixed-rate conventional mortgage is 7.05%, the same as last week. Inventory levels across Deschutes, Crook, and Jefferson Counties have increased slightly this week, indicating that we may have reached the bottom for 2025. Even if we have seen the bottom for …

This morning, the national average for a 30-year fixed-rate conventional mortgage is 7.05%, almost precisely where rates have averaged for the last two years. Coincidentally, inventory levels across Deschutes, Crook, and Jefferson Counties have been flat over the previous few weeks, with consistent pending and closed sale volume. …

As we head into the 2025 peak of real estate activity, I wanted to provide perspective by recapping 2024. I hear a lot of opinions about the housing market today and where we are heading that are not accurate, and some hard data will help illuminate reality. …

With mortgage interest rates stuck above 7%, inventory remains higher than in the previous few years. However, pending sales are strong to start the year. While the days of multiple offers may be mainly in the rearview mirror, attractive, well-priced properties still sell quickly. 

This morning, the 10-year Treasury is down slightly at 4.662%, but mortgage rates are still at the highest levels since May of 2024, with the national average for a 30-year fixed-rate conventional mortgage at 7.25%. Higher rates are keeping inventory levels up, and buyer demand remains steady. …