Interests Rates Below 5%, Could Take Longer to Close on Your Home.

We’ve been finding that the typical 30 days (or less) to close is more difficult these days as the lenders are busy refinancing! This last year a lender only needed 20-30 days to close on a home, now we’re hearing 30-45.  Those lenders are staying busy!  Scott and I have also noticed a great spike in calls from home buyers these last few weeks and I think we owe it to:

  1. Great interest rates
  2. Home buyers being stuck at home during snow storms and shopping online
  3. The recent appearance of sunshine (in Portland anyway) and
  4. People’s overall outlook of having a new president (whether you like him or not it’s still change)

Anyhow, the year is off to a great start (here in Portland anyway).  I ran across this short & sweet summary of our current interest rates and thought I’d share~

REALTOR Magazine Article: 30-Year Rates Fall Below Percent

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