What The Fed Rate Increase Means For You.

Here we go again… As expected, and going against the wishes of some, the Fed increased policy rates by a quarter percent at their December meeting. This is the fourth hike this year and the ninth since 2015. Previously, the benchmark rate was kept at a record low for seven years. Who is the Fed? The Federal Reserve Board (the…

Manufactured Homes Soon To Qualify for Conventional Loans

At the end of November this year, FreddieMac announced the “ChoiceHome” conventional loan for manufactured housing.  This comes in the wake of many areas across the nation facing a housing shortage.   You can read the full article here.  In short, today’s Manufactured homes are of a higher quality than ever before but can be purchased at half the price of a…

The Health of the Mortgage Market

An analysis of the health of the mortgage market is done by measuring early-stage delinquency rates and transition rates indicating which stage of delinquency the market is headed for. Knowing what the mortgage market is doing and where it is heading is important to everyone in the real estate market. We had a look at the loan performance trends of 2018. …

Interest Rates Rise For The First Time in 2016

Fed Raises Rates for First Time in 2016, Anticipates 3 Increases in 2017 Central bank will nudge up the federal-funds rate by a quarter percentage point to between 0.50% and 0.75% WASHINGTON—The Federal Reserve showed increasing optimism about the U.S. economy and signaled interest rates would rise at a faster pace than previously projected, as it unanimously approved its second…

Portland Mortgage Interest Rates Just Went Up… Should You Wait to Buy?

Mortgage interest rates, as reported by Freddie Mac, have increased over the last several weeks. Along with Freddie Mac, Fannie Mae, the Mortgage Bankers Association and the National Association of Realtors are all calling for mortgage rates to continue to rise over the next four quarters. This has caused some Portland home purchasers to lament the fact they may no longer be able to get a rate…

With the sun, comes the buyers

The March Market Update is in and nobody is surprised.  Inventory remains low while buyer traffic and pricing increases.  As we cruise into summer, expect more listings but not a dramatic influx of homes for sale.  I expect relatively low inventory, more hungry buyers and pricing to continue to rise through at least August.  Will mortgage rates raise by summer?  Will an…

Home Loan Rates Increase Ahead of Jobs Data

Share this post and help spread the local love! Mortgage rates gave up recently-enjoyed gains today.  This brings them to the week’s highest levels (and the 3rd highest in 2015) a day before the all-important Employment Situation Report.  Also referred to as “the jobs report” or simply “nonfarm payrolls,” this is the most important piece of economic data released each month…