Keeping you up-to-date on Real Estate Market Trends
JUNE 2020 MONTHLY NEWSLETTER
Long-term mortgage rates just hit an all-time low
Long-term mortgage rates fell this week as the benchmark 30-year home loan reached a new all-time low.
Mortgage buyer Freddie Mac reported Thursday that the average rate on the key 30-year loan declined to 3.13 percent from 3.21 percent last week. It was the lowest level since Freddie began tracking average rates in 1971. A year ago, the rate stood at 3.84 percent.
Portland area housing market: Pending sales, new listings surged in May, paving the way for a June boom
The roller-coaster effect of national spending, Oregon’s unemployment rate and conflicting economic forecasts are reflected in Portland’s residential real estate market.
Corvallis School Board approves $350 million budget, still planning COVID-19 back-ups for upcoming school year
Despite expected shortfalls in state funding due to the financial impact of the COVID-19 pandemic, the Corvallis School Board approved a $352 million budget for the 2020-21 school year in a unanimous vote Thursday night.
"Things are finally heating up in much of the United States, bringing a bounty of fruits and vegetables to supermarkets around the country. With stone fruits and avocados in fine form, you'll be sure to get practice removing pits this June. "
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