After an (un)expected rise in inflation with last week's Consumer Price Index Report, the 10-year Treasury closed trading yesterday at 4.654%. The 10-year Treasury closely correlates to 30-year fixed-rate mortgages, and the rise in bond yields also increased mortgage rates, with the 30-year fixed-rate conventional mortgage national …

The last few years have been tough for buyers, with so few homes listed for sale, but that trend is loosening up. In mid-April 2022, there were 333 single-family homes listed in Deschutes County. This week last year, 525 single-family homes were available, and this morning shows 719 listings …

Reviewing the numbers from the last week in Central Oregon, it is immediately apparent that sales are increasing, and homes are selling for closer to the asking price than at any time over the last several months. The national average for a 30-year fixed-rate conventional mortgage is 7.06 …