Weekly pending sales across all three Central Oregon counties were strong this week, but inventory increased, which isatypical for this time of year. Many in the real estate industry have proselytized a drop in the overnight rate from the Federal Reserve as the relief needed to free up the …

After what feels like an eternity, the Federal Reserve will announce today a decrease in the overnight rate of at least 25 basis points and potentially 50. Reducing 25 basis points will likely stabilize mortgage markets, with the 30-year fixed-rate conventional mortgage national average this morning at 6.11%. If …

Lightning-caused fires west of Sunriver and adjacent to Mt. Bachelor have had the Sunriver Resort and Three Rivers South communities on "standby to evacuate" mode for the last few days. While the air quality in these neighborhoods has been relatively good, the SSW winds were blowing most of …

Now that Labor Day is over, I remember the saying, "The days are long, but the years are short." Here in the Sunriver area, most out-of-town visitors have left for home. In 2020, 2021, and 2022, Labor Day felt more like a typical weekend, with the volume of …

The end of August before Labor Day typically sees a lull in the Central Oregon housing market before activity picks up in the fall. With the national average for a 30-year fixed-rate mortgage at 6.42% and inventory higher than any time in the last few years, buyers have …

With Labor Day just around the corner, seasonal price and inventory reductions are in full swing. In addition, yesterday afternoon, the national average for a 30-year fixed-rate conventional mortgage was 6.49%. This combination of factors creates the best buying conditions of recent times. While reduced mortgage interest …

The national average for a fixed-rate 30-year conventional mortgage closing yesterday was 6.52% after the Producer Price index came in better than predictions. If the CPI report is favorable today, the chances of a Fed rate decrease in September will improve, bringing some welcome stability to mortgage rates …

After the national average for a 30-year fixed-rate mortgage hit a low this week of 6.34%, bond yields spiked yesterday, and mortgages closed out the day at 6.52%. Considering rates were 7.14% on July 1, 2024, and 6.91% on the 25th, the overall trend has helped …

This morning, the national average for a fixed-rate 30-year conventional mortgage is 6.8%, the lowest rate by a slim margin in the last six months. The Fed meets today, but the chances of a rate pivot are slim. However, the talk of what might come in September could …

This morning, the national average for a 30-year fixed-rate conventional mortgage is 6.87%. While today's rate is down slightly, the trends have been moving sideways without any appreciable move from the upper and lower bounds of the last several months. Many analysts on Wall Street and in …