Lake Oswego Real Estate Oregon Financing Update

Oregon Financing Update

What a wild ride this week has been.  New low yields on the 10 year note. Housing Starts fell 5.5% in May, worse than market consensus.  Permits were also weak, dipping 4.9%.  All components showed declines with single family starts off 3.9% with permits for single family off 1.9%.

Part of this is due to a shortage of lots and labor. Jobless Claims fell 8K to 237K with the 4 week moving average now at 243K which were right in line with May. This should produce strength in the June Employment Report.

The Philly Fed Business Outlook fell sharply from 38.8 to 27.6 in June yet the May figure looks like an outlier to us.  New orders continue to hold up at 25.9 versus 25.4 with backlogs rising 5 points to 14.  Solid results out of the Philly market.  The Empire State (NY) Manufacturing Survey jumped from -1 to 19.8 which may be the largest one month jump in the history of the index.

With the Fed and most of the high tier data out of the way for the week, we’re seeing a new range trade developing between 2.08% and 2.18%.  Currently we are testing the upper limit of this range at 2.164%. At the same time, we see the FOMC raising rates by .25%.  They have telegraphed this to the market for months and with 88% of participants expecting it, we see it as a done deal.

We also feel that this will be the last hike this year, forgoing any additional hikes in 2017 given the current state of the economy.

 

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.

Thinking of Selling Your Lake Oswego Home?

Prices are increasing at a fast pace in Lake Oswego. Interest rates are still low but are increasing, and there is still a huge pool of buyer demand. I have ready, willing and able buyers ready to purchase your home. If you want to know the value of your home in today’s real estate market, please call me at 503-804-9685.

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.

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! The real estate market is “hot” here in the Portland metro area and Lake Oswego. 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 2008-2018. Betty Jung. All Rights Reserved. Use of this article, photos and images without permission is in violation of federal copyright laws.

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