What's in the March, 2024 Bend Premier Real Estate Newsletter?

• High Mortgage Rates and Prices Affecting Bend Home Sales
• Bright Spring Salad
• Spring Home Maintenance Checklist
• Spring in Central Oregon?
• The First Step: Getting Pre-Approved for a Mortgage

High Mortgage Rates - High Prices Affecting Bend Home Sales

For the 4th week in a row, the thirty year mortgage interest rate has risen which has impacted real estate sales across the country. With these rates now pushing 7%, the buying power of Bend homebuyers has diminished.

With this change, few sellers are putting their homes of the market. Why sell a home with a great interest rate when the replacement home will cost so much more to finance? Both Bend home buyers and Bend home sellers are making decisions based on the cost to finance and when mortgage rates rise, often the decision made is to do nothing.

Bend Real Estate Inventory Levels Remain Low

Although there is always a downward seasonal adjustment for Bend home sales in the winter, the number...

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Bend Premier Real Estate Welcomes Carolyn Maury

Carolyn Maury is chasing her passion in real estate by joining one of central Oregon's premier brokerage firms, Bend Premier Real Estate located in downtown Bend, OR. Her passion for real estate started with interior remodels and husband's passion for landscape design. A home is the largest financial purchase most people make in their lifetime, her extensive financial background and people skills will immediately help sellers and buyers find the right transaction for future growth and security.

Maury is a Managing Partner at HighTide Partners, Inc. (HTP). In this venture she is leaning on 30+ years of financial service and technology leadership to acquire investment and support several land development projects for large clients. Maury recently acquired her Oregon Broker license and will be working with a local broker in Bend...

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Bend Premier Welcomes Kim Gilchrist

Bend Premier Real Estate is pleased to announce Kim Gilchrist has joined the brokerage. Kim has lived in Central Oregon for over 24 years and brings many years of experience representing buyers and sellers in residential properties. When she is not involved with real estate clients, Kim volunteers as a CASA (Court appointed Special Advocate for Children), teaches yoga, and belongs to the Central Oregon Trail Alliance.

Are you feeling a bit unsure about what's really happening with mortgage rates? That might be because you've heard someone say they're coming down. But then you read somewhere else that they're up again. And that may leave you scratching your head and wondering what's true.

The simplest answer is: that what you read or hear will vary based on the time frame they're looking at. Here's some information that can help clear up the confusion.

Mortgage Rates Are Volatile by Nature

Mortgage rates don't move in a straight line. There are too many factors at play for that to happen. Instead, rates bounce around because they're impacted by things like economic conditions, decisions from the Federal Reserve, and so much mo...

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