Mortgage Rates Set New Lows

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Interest rates continue to set all-time lows, as Zillow reported its Mortgage Marketplace showed the average rate for a 30-year, fixed mortgage is currently 4.25%. The real estate information firm said the rate if down seven basis points from 4.32% the week earlier and at the lowest level since the report launched in April 2008…. Read More

New Record For 30 Year Mortgage Rate

New record for 30 year mortgage rate Here we go again setting new records. Freddie Mac’s weekly report said the 30-year fixed rate slipped to 4.44% for the week ended Thursday, the lowest since it began tracking the rate in 1971. Last week’s rates stood at 4.49%, and a year ago it was at 5.29%…. Read More

Top 10 Local Stories: Looking back at the year we went for broke (The Source Weekly)

Bank Bust The fallout from the national housing market implosion was the financial story of the year. Billions of dollars in bailout money for big banks and foreclosure notes for families with leaking adjustable rate mortgages. And the story dominated headlines, certainly for the first half of the year. Closer to home, local banks, many of whom were heavily leveraged in Bend’s volatile housing …