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Mortgage Rates Remain Low & Stable While Portland Metro Home Prices Begin To Stabilize

In Home buying, Market Statistics, Portland Market Update, Portland Oregon Real Estate, Portland Real Estate, Portland Real Estate News by Juli

Mortgage Rates Remain Low and Stable The Fed left policy rates unchanged the June 2017 FOMC meeting. They did say though that they will begin reducing their balance sheet ‘relatively soon.’ Wall Street’s reaction to the Fed’s statement was also positive for mortgage rates. Speculation is the Fed will take gradual action when tightening economic policy, but this may not …

What Federal Rate Hike? 12/28/15

In Market Statistics by Juli

Mortgage Rates Dip Lower, Despite Federal Rate Hike.   One week after the Federal Reserve raised short-term interest rates slightly from record lows, the average on a 30-year fixed mortgage went the other way: It dipped to 3.96 percent from 3.97 percent last week, mortgage giant Freddie Mac said Thursday. The drop is a reminder that the Fed has only …

This Week in Real Estate 12/27/15

In Market Statistics by Juli

Freddie Mac’s Five Housing Predictions for 2016. With just a few days left in 2015, Freddie Mac is looking towards 2016 and trying to predict just what’s going to happen in housing over the next 12 months. Freddie Mac’s chief economist, Sean Becketti, said that interest rates should remain at “historically low levels” throughout 2016, in spite of whatever moves …

This Week in Real Estate 12/20/15

In Market Statistics by Juli

Finally, speculation ends after more than 9 years (June 2006) of no rate increase the Federal Reserve increased rates 0.25 percent This Week in Real Estate. The impact of the Feds action: still historically low rates. Below are a few of the highlights from the third week in December that influence our business:   CoreLogic’s Equity Report Has Good News For Homeowners. The Equity Report provides …

Portland Market Update 12/17/15

In Market Statistics by Juli

Despite some usual seasonal cooling, the Portland-area housing market continued surging to November sales numbers not seen since before the 2008 financial crisis.   The 2,504 pending sales in the region were the most for a November since 2005 and reflected a 19.8 percent increase over November 2014, according to a monthly report from the Regional Multiple Listing Service. And …

This Week in Real Estate 12/13/15

In Market Statistics by Juli

Solid growth in consumer spending in November coupled with a good jobs report and an uptick in the consumer sentiment index all but ensures the Federal Reserve will increase rates This Week in Real Estate. Below are a few of the highlights from the second week in December that influence our business:   * Homeowners Reap Remodeling Benefits Whether Selling or …

Portland is Among the Top 5 U.S. Housing Markets 12/11/15

In Market Statistics, Portland Real Estate News by Juli

A mix of solid economic fundamentals and strong housing components have landed Portland among the top five housing markets in the entire country. That’s according to a new report from online real estate marketplace Auction.com, Portland has the fifth best market in the nation for single-family homes. The report, called the “Top Single Family Housing Markets Report for Fall 2015,” …