My New Blog

Portland Mortgage rates are down recently.  This is an illusion though.  Credit score requirements are way up, so the lower your score is, the more you have to add to the rate to get the home loan.  The problem is credit is getting more and more difficult to obtain.  Financial institutions are worried about handing out money, which is a problem, since that is what they do.  Since the lending limits were raised, they have to cover a broader market, extending the risk. 

The good news is: if you have been saving responsibly, and you are ready to purchase a new home, right now is an amazing opportunity to get that done.  The Portland Real Estate market is only slightly down, and the upswing is about to begin.  Give us a call and start down the path to home ownership!