Mortgage rate increase throws curveball into market Here are the bullet points from the newest press release from the Northwest Multiple Listing Service (data is from the full month of December): Despite hopes and predictions, the Federal Reserve Bank’s three interest rate cuts in 2024 have not led to reduced mortgage rates or a significant […]

Lowered mortgage rates provide boost but affordability remains elusive Here are the bullet points from the newest press release from the Northwest Multiple Listing Service (data is from the full month of September): The further reduction of interest rates in September by the Federal Reserve provided a positive end-of-the-summer boost to the market. However, without […]

While interest rates remain high, an increase in inventory and closed sales transactions signal that buyers and sellers are adjusting Here are the bullet points from the newest press release from the Northwest Multiple Listing Service (data is from the full month of May): The real estate market has continued to pick up in accordance […]

Decreased mortgage rates have yet to influence the market Here are the bullet points from the newest press release from the Northwest Multiple Listing Service (data is from the full month of March): Interest rates have decreased by 0.15% over the past month to 6.79%, and while the rate decrease is encouraging, it has yet […]