If you've been waiting for interest rates to fall lower before you buy a home you may have waited too long. 30 year fixed rate mortgages surged to 5.29% last week. That is still a great interest rate but off of the lows that bounced on 4.5% a few months ago.
I currently have several sales in escrow that have locked in rates of 4.75% interest. We may not see these rates again for years. You can still ask the seller to pay discount points and buy down your loan to 4.75%. Don't wait for the rates to go lower. It may not happen this year.
If you’re thinking about buying Bend Oregon real estate you should sign up for Jim’s free New Listing Notification Service or call or e-mail today.
Jim Johnson is a Certified Residential Specialist and has been selling quality homes in Bend Oregon since 1981. Call 541-389-4511 or see his web site to search the MLS - Bend Oregon Real Estate. Jim is licensed by the State of Oregon as the Principal Broker for Bend Oregon Real Estate Expert. E-MAIL