Oregon Mortgage Blog

2020’s Housing

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!

Weakness in stocks is helping home loan rates remain low

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 […]

Can interest rates go even lower? A long-term view suggests they can…..

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 […]

Home loan rates slightly worse on “phase one” trade deal

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 […]

Mortgage rates worsen slightly following a strong jobs report

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 […]

Mortgage rates improve as builders pick up pace

Home Loan Rates I recommended “floating” in last week’s ‘rate update’ and that paid off.  Mortgage rates are about .125% lower today than they were a week ago. Trade Talks Interest rates have improved because optimism surrounding US-China trade talks have subsided.  There have not been any new details regarding trade negotiations in the past […]