mortgage rates
Posted inNews

Local Real Estate Market Cools Down Again for November

Sales volume down over prior year and October 2018
Avatar photo Nick Nayne, Principal Broker

According to November 2018 Central Oregon MLS statistics for Bend single family residences (excluding condos and manufactured homes) on 1 acre or less, the market cooled down again, with sales volume decreasing by 17 percent from November 2017. The median price increased slightly from $432,900 in October 2018 to $433,143 for November 2018. Sales of […]

Posted inNews

Mortgage Rates Rising

Avatar photo Nick Nayne, Principal Broker

Mortgage rates crossed the 4 percent mark in January and have been increasing ever since. According to the Mortgage Bankers Association, rates were 4.77 percent last week. Inflationary pressures such as the rise in oil prices and increased consumer spending are contributing to the increase as well. Interest rates are still relatively low compared to […]

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