Call Us: Laura: (949) 887-4377 Natalie: (541) 508-9581

Interest Rates Hit 12 Month Low….

Now is the time to make the move with interest rates at a 12 month low.  Home buyers have enjoyed more than 10 years of low interest rates.  Those of us who remember the days when we got 10% APY on CD interest and paid close to 20% on an APR, understand that today’s rates are arguably the best in our nation’s modern history.

“According to Freddie Mac’s Primary Mortgage Market Survey, interest rates for a 30-year fixed rate mortgage are currently at their lowest for 2019. Rates like these haven’t been seen since February 2018!

Last week’s survey results reported an interest rate of 4.35%. This is a welcome change from the near 5% rates seen in mid-November. At 4.32%, the second week of February 2018 was the last time rates were this low. This can be seen in the chart below.” Keeping Current Matters reported last week.

On March 1 2018 you could get 4.43 on a 3oYr.  Rates rose throughout the year to 4.94% on the same loan.

So, if you remember the “old days”, you can’t help but wonder, why is this such a big deal?  The rate swing in the last 50 years has been enormous comparatively.

Let’s take a look at the  Amort Examples  in the link.  With just a tiny difference in rate between 4.35 and 4.45 over a 30 year term, the difference in interest paid is close to $14,000.

Who wants to spend an extra $14,000 if they don’t have to??

Rates tend to go up during the spring and summer months ending each year a little higher than it started… Ergo: Now is the time to buy.

 

 

Experience Bend Living 

Career Path
Laura Blossey
With an impressive business career under her belt, Laura is a valuable asset to Cascade Sotheby's International Realty and clients alike. After earning her B.A. from Vanderbilt University, and M.B.A. from the University of Iowa, Laura managed nationwide business units for Arthur Andersen, a former "Big 5" accounting firm, and then was hired by a global software company to forge a national alliance with the executives at Deloitte & Touche. The experiences were invaluable for learning the delicate art of negotiation, the importance of strong presentation and communication skills, and the necessity of accountability and thorough follow-up.

More recently, Laura developed a pro forma-based marketing program and sold large quantity import goods to clients based on forecasted profits, thus speaking to clients' bottom line, not her own. With this scale of alliance building and developing sophisticated sales and marketing plans, it's no wonder that Laura can put the biggest deals together in real estate.

Natalie Vandenborn
Prior to her real estate career, Natalie practiced respiratory therapy with an emphasis on Neonatal and Pediatric Intensive Care and Critical Care Transport for 20 years. This experience prepared her well for a successful and rewarding real estate career. There are so many similarities and acquired skills that have allowed her to be excel in both careers.

A strong sense of doing what is right and putting her clients first, Natalie has unwavering dedication, compassion, open communication and strong negotiation skills. She will ensure your real estate transaction will be a positive one. Buyers and sellers alike receive the exceptional service they deserve and want. For the last three years she has specialized in new construction and loves every minute of it!

Personal Interests
Laura enjoys many of the things that make Bend an amazing place to live: trail running, mountain biking, alpine skiing, snow shoeing, reading, cooking/ entertaining and raising her twin children and 2 dogs together with her husband.

Natalie loves calling Bend home. She shares her life with husband, Doug, daughter Taylor, son Jesse and likes running, mountain biking, hiking, backpacking, golf, cross country and downhill skiing. Natalie will share her passion for the area she lives, works and plays in.
Why We Love Living In Bend, Oregon
Dear Adventurer, We LOVE this short video because it shows more than words can tell why so many Bendites love living here-- Enjoy!

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