Mortgage Rates Bounce

Mortgage rates rose last week from an average of 4.78% to 4.87% on 30 year fixed rate mortgages.  Rates have been below 5% for four consecutive weeks and are still down by a full percentage point from a year ago.  Now is a good time to buy or refinance your home. 

It's best to get a Good Faith Estimate and a Truth in Lending statement from 2-3 different lenders to make sure you are getting the best Annul Percentage Rate (APR).  The APR is the number you should compare when getting the best loan.  It includes the interest rate plus all the fees each lender charges.

If you’re serious about buying Bend Oregon real estate you should sign up for Jim’s free New Listing Notification Service or call or e-mail Jim 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