Market_Rates

Lake Oswego Real Estate Oregon Financing Update

Non-farm payrolls for September were a miss at only +156k new jobs. Market expectations were in the neighborhood of 166k-180k. The unemployment rate also rose to 5% and the participation rate rose from 62.8% to 62.9%. Average hourly earnings rose +.2% and brings the year over year rate to 2.6% as expected.Market_Rates

All in all, this should still keep December on tap for a possible rate hike by the Fed as the numbers are still considered ‘solid enough’. Market reaction to the numbers this morning was overly muted and 10 yr yields look to settle out the week right around the support level of 1.74-1.75%.

As we look ahead to next week, we will have a shortened week due to the Monday holiday so things won’t get going until Tuesday. We expect the market to still hold the 1.75% level, however, if broken early in the week, we can expect rates to be on the rise.  Advice to clients would be to get locked in and move on down the road.

don_mackayThinking of Selling Your Lake Oswego Home?

Prices have slowed since July in Lake Oswego and you may want to know the value of your home in today’s Lake Oswego real estate market. Interest rates are still low and there is still a huge pool of buyer demand. I have ready, willing and able buyers ready to purchase your home. Call me at 503-804-9685 if you are thinking of making a move.

Moving to Lake Oswego?

Want to know more about Lake Oswego? I’d love to be your buyer’s agent, please give me a call at 503-804-9685.

SEARCH FOR REAL ESTATE

There are links above to search for real estate.  I have a new website where you can search or you can use my mobile phone app as well. My website and mobile app provide you with access to all listings available on the RMLS™ system regardless of who the listing agent or brokerage may be. Listings are updated frequently throughout the day giving you the information you need, when you need it.

I have worked in Lake Oswego as a Real Estate Broker since 1978 and have lived in Lake Oswego since 1988 and know all the neighborhoods. I am ready to assist you with all your real estate needs! “There is no substitute for experience.”

ALL ABOUT…..Lake Oswego Real Estate. Copyright 2008-2016. Betty Jung. All Rights Reserved. Use of this article, photos and images without permission is a violation of Federal copyright laws.

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