As we progress deeper into summer, the steady activity of this year continues, along with the established trends: increased inventory, sales, and stable prices. Mortgage rates have also remained stable, just three basis points under 7% this morning for a 30-year fixed-rate conventional mortgage. Closed sale volume continues …

Reading the news these days feels like an exercise in confirmation bias, with bombastic headlines in all directions. Finding information approximating the middle ground or presenting an unbiased view is increasingly complex. This bias is especially evident in economic news, where recession, stagflation, and inflation take on different meanings …

With mortgage rates steady at 6.92% for a 30-year fixed-rate conventional mortgage, a healthy supply of inventory, and just seven weeks until July 4th, the trajectory for the rest of the summer is established. Transaction volume is in line with, or slightly better than, the last couple of …

One of the most common questions in the real estate business is, "How is the market?" Typically, the following statement is an anecdotal assumption that the market is either hot or slow. Interestingly, I don't hear many people assuming that the market is stable. There is no question that …

Higher mortgage interest rates over an extended period increase the housing supply. After nearly three years of rates around 7%, the supply of homes in Central Oregon has increased significantly from pandemic lows. While the national average for a 30-year fixed-rate conventional mortgage is down slightly to …

The word of the year for the mortgage markets is volatility, with the national average for a 30-year fixed-rate mortgage this morning at 6.98%. The chart below illustrates this volatility and shows today's rates are approaching highs for the last year. Interestingly, the lows each of the past three …

While mortgage rates may be volatile, the range of volatility is approximately 30 basis points, which, in the big picture, doesn't change mortgage affordability much. This morning, the national average for a 30-year fixed-rate conventional mortgage is 6.88%, down from recent highs and in line with the last …

As expected for the season, the inventory of homes for sale throughout Central Oregon is rising, and activity is beginning to increase. The mortgage markets are volatile, with the chaos in the stock and bond markets mainly attributable to the crazy tariff wars. The volatility helped mortgage …

This morning, the national average for a 30-year fixed-rate conventional mortgage is 6.71%, the lowest since September 23, 2024. Activity has also picked up, coinciding with increased inventory across all three Central Oregon counties, longer days, and (somewhat) nicer weather. There will always be opportunities in real estate, …