Portland Real Estate News 2022

  • 06/4/22

via GIPHY

This Newsletter Is Different // Portland Real Estate News June 2022! View Report Campaign Preview HTML Source Plain-Text Email Details 1

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  Welcome to The one stop shop, The only resource you will ever need to go to for rates, real estate, market updates, & buyer/seller strategies for winning real estate deals. That's not it. Right below(homebot) is the ultimate homeowner Tool. Let's get started!

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SERVICE ONE
823 CURRENT & HISTORICAL ESTIMATED VALUE OF YOUR HOME
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858 ESTIMATED RENTAL FIGURES FOR YOUR HOME & AIRBNB ESTIMATED IF YOU RENTED IT OUT
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937 A BREAKDOWN OF BOTH PRINCIPAL & INTEREST PAID TOWARD YOUR LOAN
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SERVICE SIX
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 CASH OUT POTENTIAL FOR A 2ND HOME OR INVESTMENT, & POTENTIAL TO PULL EQUITY FOR HOME REPAIRS / UPDATES
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2022 is Already The Worst Year For Rates Since 1979
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2022 has already had its fair share of bad news for mortgage rates, but this week was not to be outdone.  It began as just another reasonably bad week with rates moving moderately higher, but still safely under the recent 13 year high seen on the morning of May 9th.  But it ended with one of the worst days on record in more than a decade.

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Sound a little dramatic?  Sadly, it was.  The average lender increased 30yr fixed rates by at least a quarter of a point (0.25%).  That's only happened 4 other times since our daily record keeping began in 2009, and 3 of those were during the once-in-a-lifetime volatility that followed the onset of the pandemic.  That made this the 4th worst week since 2009 as well.

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When the smoke cleared, the average conforming 30yr fixed rate was as high as it's been since November 2008.

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Mortgage rates are likely to plateau near current levels. . . .
1257 The financial markets have attempted to price in the impact of Fed actions over this cycle, and they are likely also pricing in the economic slowdown that will result.
1258 Once we are past this rate spike and associated volatility,
1259 MBA expects that potential homebuyers
1260 may be more willing to re-enter the market.

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“We exist to make a difference in people’s lives by providing the right mortgage products."

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Scott is the Portland Mortgage Coach, an Ideas Machine, a Revolutionist and a Rock N' Roller! With over 20 years in the Mortgage Industry. Scott Munds is #1 a family man. Married over 25 years to his lovely wife Susie with four amazing children (and new Grandson!) all living in the Portland Metro area. He enjoys spending time in the community serving with the Community Action group and the Blanchet House giving to the homeless. Scott has a serving heart! In business, Scott is known as a straight shooter full of Integrity and is a Master at the Mortgage Loan Process. With a legendary reputation in the mortgage and real estate industry. Scott has earned an extensive following of Real Estate agents, Clients who love Scott and an Avant-Garde mind that attracts Respect inside and out of his business. If you are looking for the Nordstrom Mortgage Loan experience… you have found the right guru and mortgage team to Open the Door to your new home!

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Portland Real Estate News 2022
Portland Real Estate News 2022
Portland Real Estate News 2022
Portland Real Estate News 2022
Portland Real Estate News 2022

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