National Real Estate Transaction Changes

  Some of you may have heard of changes in USA law on how Real Estate transactions are to be negotiated from this moment on. We have prepared a video that can provide some insight as to what these changes are and how Penner Group Properties has been ahead of the game in preparing for these changes!If you would like more information on this or any other Real Estate subject on a 1-1 basis with us, please give us a call at (971) 777-3137 or email us here!  

Portland Real Producers Feature - June 2023

A Look into the Markets - February 28, 2025

This past week, mortgage rates continued their recent decline, reaching their lowest levels in four months. Let's break down what happened and preview the week ahead."Lord, I'm Coming Home to You" - Sweet Home Alabama by Lynyrd Skynyrd.   The Bessent Bond Rally A couple of weeks ago, Treasury Secretary Scott Bessent targeted the 10-year Treasury Note yield, pledging measures to push this key interest rate lower. The 10-year Note closely influences 30-year mortgage rates, so a drop in its yield is critical for reducing borrowing costs. And drop it has; over the past two weeks, the 10-year Note yield fell from 4.62% to 4.25%, driving mortgage rates down alongside it. Trends Are Our Friends Looking back to mid-January, both oil prices and the 10-year Note yield peaked. Oil hit $80 per barrel then slid to $68…a $12 drop. This decline acts as a disinflationary force, which is good news for interest rates across the economy. Let's hope these friendly trends continue. It's More Than Inflation What's impressive about this rate improvement is that it followed a higher-than-expected Consumer Price Index (CPI) report just weeks ago. This shows markets are forward-looking, caring more about where inflation is headed than where it's been. February's sharp drop in oil prices should set the stage for favorable headline inflation numbers next month. Bonds Thrive on Chaos and Uncertainty Uncertainty around global growth and potential tariffs has also boosted bonds. It's unclear if tariffs will happen, when they might start, or how inflationary they'd be. In response, investors have flocked to safe assets like U.S. Treasuries and the dollar, pulling back from stocks and cryptocurrencies.   30-yr Mortgage Rates 27-Feb-25 6.76% -.09 WoW (6.85%) -.18 YoY (6.94%) 10-year Note Yield 28-Feb-25 Below 4.50% This time 2024: Below 4.50%   Bottom line: Interest rates have been falling since Secretary Bessent focused on lowering the 10-year yield. However, declines like we've seen won't be smooth; expect disruptions, especially with bonds now at critical levels.   Looking Ahead   Next week, attention shifts to the employment side of the Federal Reserve's dual mandate. We'll get data on job openings, quit and hire ratios, and the all-important jobs report on Friday. Current expectations are for 155,000 new jobs.   Mortgage Market Guide Candlestick Chart   Mortgage bond prices dictate home loan rates. The chart below shows a one-year view of the Fannie Mae 30-year 6% coupon. As prices rise, rates fall and vice versa.On the right side of the chart, you can see prices climbing steadily, now at their highest since October, translating to the lowest mortgage rates since then.   Chart: Fannie Mae 30-Year 6.0% Coupon (Friday, February 28, 2025)     Economic Calendar for the Week of March 3 - 7     Mark Snow Senior Loan Officer | NMLS #259960 397 SW Upper Terrace Dr. Suite 150, Bend OR 97702 O: (503) 929-5887 | M: msnow@guildmortgage.net Visit My Webpage