“Why Should I Care” – Diana Krall
These are some very revealing and interesting historical statistics on mortgage interest rates. If nothing else dire happens in our very small one-world economy to “rock the boat”, we may look back and see that this is the time span when the market (at least in Portland, Oregon) really began to repair itself. I know we have a ways to go in completing our economic recovery and regaining some of our lost equity in housing but our local housing market is definitely changing! We have a shortage of good inventory and a resurgence of buying interest and the combination will inevitably affect the pricing of homes. These are all positive signs for our local economy and local attitude (now, if we could just get some sunshine!!!). These are also signs that is you are thinking of making a move or a purchase or have a higher than current market interest rate, you might want to consider refinancing or making your new housing dreams a reality sooner rather than later.