Posts made in July 6th, 2010

Getting a home loan—the good, bad and ugly

Posted by Anne Kadin in Buying a Home

Are you thinking of buying a home in Portland? It’s July, 2010. We’re now three years into our recession/depression/darn grim real estate market.  This little update will keep you informed about the current climate for home mortgages if you are buying a home in Portland. Keep checking back here. This topic changes all the time. FIRST THE GOOD NEWS FOR HOME BUYERS Interest rates are the lowest they have been since the 1950′s!  Home buyers take note: I know of several people who have locked in a spectacular rate of 4.375% for the next thirty years. Locking in a rate this low makes better financial sense than waiting a few months for a lower purchase price but...