I'm back! I've been out of the country for a bit - in Syndey and Kuala Lumpur, but I'm back working away!
According to a recent article published by Business Week, the Portland market is the #5 best performing market in the country! Despite a difficult year in the real estate and financial markets, Portland is still a good place to be.
I've attached a link to the article for you to check out.
http://finance.yahoo.com/real-estate/article/105707/Where-Homes-Are-Selling-Fastest
Also, great news with regard to interest rates lately. With the news of the government takeover of Freddie Mac and Fannie Mae, rates reacted favorably this week. I've included our most current price quotes, courtesy of Countrywide Home Loans in the Pearl District.**
30 yr fix conforming 5.750% at zero points and 5.500% at 1.000 point.
5/1 Arm conforming is 5.125% at 1.000 point
30 yr fix non-conforming 6.875% at zero points and 6.500% at 1.000 point.
5/1 Arm non-conforming 6.125% at 1.000 point
As always, if you or anyone you know is considering buying or selling real estate, I'd love to help!
blake@ellisnw.com
**For any additional financing related information, please contact Jeff Bernhard, Countrywide Home Loans, jeff_bernhard@countrywide.com
