Rates for 30-year home loans ticked down for the second straight week, remaining close to record lows reached over the spring. The average rate for a 30-year fixed mortgage was 5.07 percent last week, down from 5.08 percent a week earlier, mortgage company Freddie Mac reported. While above the record low of 4.78 percent, rates are still at very attractive levels for those looking to buy a home or refinance.
Rates should stay low for another month or two as government efforts to keep them low remain effective, predicts Michael Larson, an interest rate and real estate analyst with Weiss Research. But it won’t last forever. Rates will eventually trend upward, Larson said, as the economy starts to turn around.
— From wire reports
Now is a great time to buy a home in Bend Oregon. If you are considering buying a home in Bend you should sign up for Jim’s New Listing Notification Service. You can contact Jim with any real estate questions you may have at 541-389-4511 or send him an e-mail. Jim Johnson is licensed as the Principal Broker of Bend Oregon Real Estate Expert by the State of Oregon. WEB SITE