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This Month in Real Estate January 2016

Good Monday Morning!

It is commonly thought that mortgage interest rates are up.  This assumption comes from the fact that the Fed recently raised their rates by a quarter of a percent.  The truth is that mortgage interest rates have actually declined and remain well below 4% for conventional 30 year fixed rate mortgages.  Last week rates continued to decline and I saw rates as low as 3.68%. Yes, rates may increase over time, but right now mortgage rates remain at historic low levels and there has never been a better time to purchase a home.

If you are considering a home purchase the first step is to talk with a lender.  There are many very qualified mortgage specialists in the Eugene and Springfield area and my advice is to connect with one of them rather than using an online company.  If you would like a list of the mortgage professionals that we have found to be excellent with both rates and service, please get in touch.

Have An Awesome Week!

Video Link:

2231 Sandy Drive
Price: $320,000    Beds: 3    Baths: 3    Sq Ft: 2720
In highly desirable Ferry St Bridge area! Delightful 0.21 acre property on quiet street. Features recessed lights, skylights, vaulted ceiling and Pergo wood floor. Huge master suite with 3 closets and 5-piece bath. 3 bedrooms plus additional room th…
View this property >>

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Our agents write often to give you the latest insights on owning a home or property in the local area.