Archive for the Interest Rates Category
"The Heat is ON!!" - Glenn Frey Our housing market has enjoyed the benefits of historically LOW, LOW rates for quite some time now. And, complacency can be the enemy of building wealth. This morning we've seen the largest swing in mortgage interest ra… Read More
“What We Got Here is Failure to Communicate”! Portland’s Sellers Market–Is It Time to Consider a Move???
"Cool Hand Luke" Our recovering Portland Metro real estate market is still a bit tentative and I totally understand!!! We are slowly emerging from 4-5 years (according to when you feel our recent real estate bust began and ended) of plunging property values, "underwater" mortgages and an uncertain economy!! Now increased faith in our overall economic status + historically low interest rates + diminished housing prices are luring buyers back into the marketplace at a more rapid pace than sellers are preparing for market. So, as the warden in "Cool Hand Luke" said to Paul Newman "what… Read More
"Missed Opportunity" - Alfa Here is a re-post of a very interesting article on mortgage rates written by Eric Newman of American Pacific Mortgage (with permission). Please don't hesitate to call Eric at 503-698-5801 for more information. Interest rate… Read More
Survivor: "In Good Faith" As a follow up to Tuesday's blog about "What is earnest money", I thought an explanation of the often confusing terms on a good faith estimate might be in order. Why? Because one of the first steps in your search for a new home or investment property should be getting a letter of pre-approval from a lender of your choice. When you are choosing between mortgage brokers or loan officers, you will be receiving what's called a "Good Faith Estimate" or "Good Faith Summary" of closing costs, fees and pre-paids. That way you can compare "apples-to-apples" on interes… Read More