The Federal Reserve delivered the highly anticipated rate decrease (25 basis points) that everyone had been waiting for, but mortgage interest rates initially rose. Mortgage rates align with the trends of the 10-year Treasury note, rather than the Fed's overnight rate, and bond investors have concerns about …

The consensus is that the Federal Reserve will decrease the overnight rate by 25 basis points today. While I remain skeptical that it will happen, and candidly do not believe it is the right move, my opinion is irrelevant. However, if rates decline, I do not expect …

With the national average for a 30-year fixed-rate conventional mortgage this morning at 6.29%, activity in the housing market is brisk. Many in the industry, along with buyers, are anticipating the Federal Reserve making a move to lower the overnight rate in the Open Market Committee meeting …

The data this week in the luxury market is somewhat subdued, likely attributable to the Labor Day holiday weekend and the Flat Creek Fire in Sisters. However, with one of the most extended unimpeded stretches of time of the year for real estate sales ahead of us, …

This morning, the number of single-family listings in Deschutes County is 1,452, a decrease of thirty from last week, and averaging $1,157,881. Pending sales are down slightly from the high volume of the previous few weeks, at seventy-eight, averaging $844,644. Sixty-eight closed transactions averaged $920,079. The average …

With the national average for a 30-year fixed-rate conventional mortgage holding steady at 6.6%, activity remains consistent, resulting in some of the biggest weeks for transaction volume this year. Buyers are taking note of the wave of price reductions and are making moves to secure properties. This …

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 …