Mortgage interest Rates Trend GraphTrend chart of mortgage rates
Please do not hesitate to get in touch with us today for an offer. In the second half of 2016, the median interest for a 30-year fixed-rate mortgage was at or below 3.5%. And then came November. Mortgage rates began to rise sharply after the recent elections, unlike anything we have seen throughout the year. This graph shows the development of mortgage rates between November 2015 and November 2016 for three major credit classes.
Tip to the far right is where we are now, early December. The graph also shows that recent share price levels (as at 1 December 2016) are the highest they have reached throughout the year. Development of domestic mortgage rates over the last 12 months. House purchasers in Oregon who plan to buy a house in the near term should watch these mortgage interest rates closely, especially as house rates are also increasing across the state.
With mortgage interest rates rising strongly, funding activities tend to decline. The recent mortgage interest rates in Oregon have led to a decline in the number of funding credits. Recent results from the Mortgage Bankers Association's Weekly Applications Survey showed a 16% decline in funding activities this weekend from last weeks.
House analysts and house economists predict that mortgage spending in 2017 will be "strong" and a lower proportion of refinancing credits. Logically, this is likely to increase until 2017. How can we anticipate mortgage rates in Oregon in 2017? At least two experts predict that interest rates will start to increase over the next 12 month.
The Mortgage Bankers Association's latest November 2016 guidance forecasted that the annual interest rates for a 30-year mortgage could rise to 4.4% by the 4th of 2017. Are you planning to buy a house in Oregon soon? Need a credit to fund your investment?
There are a wide range of credit alternatives available, both FHA and convention. When you are willing to buy for a home, we can authorize you in advance for a mortgage to make you a more competitively priced purchaser. You can also get a mortgage interest quotation from us depending on the kind of mortgage you need.
Please note: The development and forecast of mortgage rates in Oregon has been prepared by third party not affiliated with our Group.