Mortgage rates continue to decline: See here for more details.
Despite the above article’s claims that low mortgage rates haven’t helped the real estate market, we are seeing more mixed results in the Portland/Vancouver market. Some areas have seen consistent gains in home sales, pending sales, as well as price appreciation in August and September while other areas of the Portland Metro Area lag behind.
Ultimately, all real estate is local and you should consult an experienced Realtor before deciding what is true about your housing situation. You may be surprised to find that the market for your home is vastly different from the big picture reported by national news media.
Now may also be a good time to consider refinancing your home, even if you purchased a home in the last two years.