Bottom Line Impact of Portland Metro Area Mortgage Interest Rate Shifts
If you begin a search for a new home by going online to check out Portland Area listings, it’s likely that one of the first search criteria you enter will be the price range. After all, unless you are a virtual looky-loo who is just checking out how the other half lives, your budget will dictate which homes you seriously consider. If you are one of the more than two-thirds of us who will be counting on a loan to help finance that home purchase, the monthly payment amount is really what matters.
That’s why you don’t have to be a dedicated number-cruncher to be keenly interested in the direction Portland Metro mortgage interest rates are going to head. In fact, if you aren’t one of those whose idea of a good time includes working out spreadsheet calculations, it probably came as a shock the first time you realized how big a deal it is when mortgage interest rates notch up or down even a single percentage point. If you’ve never really dug in to look at the numbers, you might want […]
Now that we are deep into July, with summer in full swing, there might be vague thoughts running through your mind about some potential real estate moves—but certainly not until the fall. Right now all most of us are thinking about is whether another chilled glass of summer-something-or-other is in order. Mortgage rates and what the folks in Washington might be doing to affect them are not exactly top of mind on an idyllic July afternoon.