Given the extraordinary circumstances we are currently experiencing I have prepared a special video ‘rate update’ for today. Please take 4 minutes to watch this special message below: Current Outlook: Floating
Home Loan Rates Mortgage rates are at all-time low levels. We have recommended a floating position the past couple weeks and that position has proved beneficial. Volatility The financial markets are experiencing extreme volatility. Yesterday the Dow Jones Industrial Average had its biggest one day drop ever……this morning US stocks are rallying. Mortgage lenders are […]
Home Loan Rates In last week’s update we took a “floating” stance because we thought fear over the coronavirus would continue to grow. That seems like an understatement now. Mortgage rates established new all-time lows on Thursday last week and remain at all-time low levels today. The Coronavirus The Coronavirus continues to spread across the […]
Home Loan Rates Mortgage rates are presently at all-time lows which were originally established in 2012 and again in 2016. Could home loan rates go even lower? The Coronavirus Although new cases of the Coronavirus are slowing in China the number of people infected in other countries is growing. Furthermore, there is fear that some […]
Home Loan Rates Mortgage rates are mostly unchanged from last week despite economic news which has not been rate friendly. Jobs Report Last Friday’s all-important jobs report showed that 291,000 new jobs were created during the month of January. Analysts had been expecting a figure closer to 160,000 new jobs. Normally when the jobs report […]
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.