Home Loan Rates Despite the fact that the Coronavirus continues to spread mortgage rates appear to have hit an inflection point and are moving slightly higher. Virus in China According to reports there are now over 20,000 confirmed cases of the deadly Coronavirus (twice as many as this time last week). The disease continues to […]
Home Loan Rates In the past 10 years there are only three times when mortgage rates have been lower than they are today. Interest rates continue to benefit from a “flight-to-safety” in reaction to the Coronvirus outbreak. Virus in China Over 4,500 cases of the Coronvirus have been reported in mainland China. There is still […]
It’s a new year and a new decade! In this video I review the Portland, Oregon housing statistics and what we should expect to see over the next 10 years. Hint, hint…. home-ownership rates and housing demand will likely increase! Questions, comments? We would love to hear from you!
Home Loan Rates Although mortgage note rates are unchanged from last week the associated closing costs are slightly lower so in fact the rate environment has improved. Stocks and home loan rates Weakness in the stock market is helping mortgage rates improve. Why are stocks suffering? Virus in China Over 300 people in China and […]
It’s a new decade! What can we expect interest rates to do? Watch this weeks video to learn more.
A long-term view of rates If you took out a mortgage in the 1300s then it’s probably time to refinance. A new working paper from the Bank of England looks at a trend in global interest rates over the past eight centuries. The findings show that interest rates have been trending lower over the past […]
Happy New Year! I thought I would share what experts have predicted for the housing market in 2020. Watch this video to learn more! If you have questions please reach out. We would love to hear from you!
Home Loan Rates Mortgage rates are at the best levels in six weeks in response to a rise in geopolitical tensions between the US and Iran. Geopolitical tension Last week a top Iranian official was assassinated by a US airstrike. Iran has characterized the attack as an act of terrorism and has vowed a retaliation. […]
Home Loan Rates Mortgage rates are mostly unchanged to slightly worse compared to last week. The catalyst which pushed rates higher last week was an announcement pertaining to US-China trade relations. Phase One On Thursday, it was announced that the US and China had agreed to a “phase one” trade agreement. On the announcement the […]
Home Loan Rates Mortgage rates have worsened modestly from last week’s ‘rate update’. Jobs Report Last Friday’s all-important jobs report showed that the US economy added 266,000 new jobs in November. The national unemployment rate ticked down to 3.50%. The results were stronger than analysts had anticipated, which is bad news for interest rates. Here […]