Posts from December 5th, 2023

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December
5

Mortgage Rates Coming Down for the Past 5 Weeks!

December 5th, 2023 by Bend Premier Real Estate

Will Mortgage Rates Continue Their Downward Trajectory?

For the past five weeks, mortgage interest rates have dropped, returning to figures that haven't been seen since August. Any relief from the high rates recently experienced is welcome. With each 1% reduction in mortgage rates, it roughly reduces the monthly mortgage payment by 10%. The chart below shows how purchasing power is impacted by mortgage rates.

Mortgage Buying Purchasing Power

Bend Home Buyers Have More Options with Lower Interest Rates

When potential home sellers have great mortgage interest rates, they hesitate to list, even when a different home may be a better option for them at this time in their lives. When the financed cost of a new home would make their monthly payment significantly more, the benefit of a different living arrangement is offset by the monthly cost for the...

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Categories: Bend Real Estate General Information

Tags: bend oregon real estate, bend real estate, bend homes for sale, bend home prices, bend single family homes, bend homes, bend real estate trends, Central Oregon Real Estate, Central Oregon Real Estate Trends, Bend Oregon Commercial Real Estate, Bend

Related Markets: Bend

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Posts from December 5th, 2023

Mortgage Rates Coming Down for the Past 5 Weeks!

Will Mortgage Rates Continue Their Downward Trajectory?

Bend Home Buyers Have More Options with Lower Interest Rates

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