Blog / 2015

Interest Rate Update & Common Home Buyer Loan Mistakes

June 17th, 2015

2015 Interest Rate Update

A strong May 2015 jobs report fueled predictions that the Federal Reserve may raise interest rates in September or October, according to Washington MarketWatch. While unemployment ticked up slightly from 5.4 to 5.5 percent, this was attributed to more job-seekers entering the labor force in response to favorable hiring conditions.

Interest rates are now in the very low 4 percent range, up from the high 3 percent range very recently. The Mortgage Bankers Association predicted in May that we would see rates closer to 4.5 percent by the end of this year, …

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March 2015 Market Action Report

April 14th, 2015

“Real estate activity picked up this March in the Portland metro area, and closing sales led the way. The 2,457 closings represented a 32.3% increase over the 1,857 closings that were posted in March 2014, and a 49.1% increase from last month’s 1,648 closings. The last March when closings numbered more was in 2007, when there were 2,775 closings for the month.”
Source: RMLS
For the complete Market Action Report for the month of March, click here: http://www.rmlsweb.com/v2/public2/loadfile.asp?id=8273

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