By Jason Boone
Thanks to recent data released from by the well-known Mortgage Bankers Association we know that interest rates for all 5 mortgage loan types have fallen recently, including 30-year mortgage loans, and this makes it a great time to buy in Bend Oregon.
A 3.9% mortgage interest rate for a 30-year fixed mortgage loan is awesome considering that most economic analysts have predicted that interest rates will only increase this year but so far they’ve defied expectations.
When Will Mortgage Interest Rates Increase?
As we move into the spring most economists predict that mortgage interest rates will begin to increase especially when we approach the summer months.
By the end of the year mortgage interest rates are predicted to be at 5% for a 30-year fixed mortgage loan so now is a great time to buy in Bend Oregon especially if you want to save big money over the lifetime of your mortgage loan.
Before You Buy In Bend Oregon Do This
One of the most important things you can do before you buy in Bend Oregon to check your credit report and remove any inaccurate items plus do your best to pay off old debts since this will ultimately help to lower your debt to income ratio.
If you’re ready to Buy In Bend Oregon contact me, Jason Boone, Principal Broker with the Skjersaa Group | Duke Warner Realty by calling me at (541) 383-1426.