Archive for the Interest Rates Category

Set Up Your Own Accelerated Mortgage Pay-Off Plan!!!

July1
"Tighten Up" - The Black Keys This is a re-posting of an article written by Clark Howard, a nationally-syndicated consumer expert who shows consumers ways to save more, spend less and avoid getting ripped off. His radio show is heard every day on more than 200 radio stations throughout North America. Go to www.clarkhoward.com for more!   Have you received an offer in your mailbox promising that you could save $10,000, $20,000 or even $30,000 on your mortgage by getting set up on a bi-weekly payment plan? It sounds appealing, but there's a much smarter way to approach bi-weekly… Read More

May 2014 Portland Metro Real Estate Update!!

May15
"In the Summertime" - Mungo Jerry Early summertime?  Don’t we wish!!??  But, we know that true summer doesn’t begin in Oregon until July 5th  J.  Our real estate market is anything but “wishful thinking”.  We are experiencing the usual expected “seasonal activity” with closed sales rising 15.4% over March 2014 and 0.8% over April 2013.  This makes it the best April for Portland Metro real estate since April 2007 (using our Regional Multiple Listing Service statistics, the height of our last market frenzy was March of 2007).  Our inventory is down to 2.8 months of active… Read More

January 2014 Portland Metro Real Estate Update!

January22
The Beatles - "It's Getting Better All the Time" Welcome to 2014!!!  And, the local real estate market is off with a bit of a bang, I must say!!  Although, it slowed a bit during the holidays, we really never took a break.  At certain price points, we are already seeing multiple offers and properties that languished before and during the holidays suddenly getting offers.  So, it seems to be a good omen for 2014.  In December, closed sales were 1.3% ahead of December 2012.  Portland had the best December for pending sales since 2006!!  So, that means inventory is way down to 3.2 mon… Read More

APR vs Interest Rate When Closing a Home Mortgage!

December10
Van Morrison - Days Like This What makes all buyers gasp or smile at the closing table on the purchase of a home?  Well, it's usually the A.P.R or annual percentage rate.  You gasp to know how much you actually pay (with interest) for a home.  But, you smile as you understand that interest (and taxes) are a income tax write-off.  This APR is definitely not the interest rate that you negotiated or received from your mortgage broker.  But, unfortunately, it can be manipulated in advertising and under-disclosed.  Usually, the lower the APR, the better the over-all deal for the consumer… Read More