Recent headlines may leave you wondering what's next for mortgage rates. Maybe you'd previously heard there were going to be cuts this year that would bring rates down. That refers to the Federal Reserve (the Fed) and what they do to their Fed Funds Rate. While cutting, or lowering, the Fed Funds Rate doesn't directly determine mortgage rates, it does tend to impact them. But when the Fed met last week, a cut didn't happen — at least, not yet. 

There are a lot of factors the Fed considered in their recent decision and most of them are complex. But you don't need to be bogged down by those finer details. What you really want is the answer to this question...

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Jennifer Burkett Has Joined Bend Premier Real Estate

Meet Jennifer, a dynamic professional who transitioned into real estate in 2017 following a successful 15 year career in massage therapy. Having served as both a real estate broker and a massage therapist, Jennifer possesses a unique ability to make clients feel at ease with her generous warmth and empathetic nature. She ensures that each transaction is not only successful but also a comfortable and enjoyable experience. 

When entrusting Jennifer with your real estate needs, rest assured that your best interests will be her top priority. Her dedication and insight will guide you through the buying and selling process, making it a seamless and rewarding journey.

Beyond her professional endeavors, Jennifer is an avid outdoor enthusiast. In the winter, you will find her snowboarding at Mt. Bachelor and in the...

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What's in the March, 2024 Bend Premier Real Estate Newsletter?

• High Mortgage Rates and Prices Affecting Bend Home Sales
• Bright Spring Salad
• Spring Home Maintenance Checklist
• Spring in Central Oregon?
• The First Step: Getting Pre-Approved for a Mortgage

High Mortgage Rates - High Prices Affecting Bend Home Sales

For the 4th week in a row, the thirty year mortgage interest rate has risen which has impacted real estate sales across the country. With these rates now pushing 7%, the buying power of Bend homebuyers has diminished.

With this change, few sellers are putting their homes of the market. Why sell a home with a great interest rate when the replacement home will cost so much more to finance? Both Bend home buyers and Bend home sellers are making decisions based on the cost to finance and when mortgage rates rise, often the decision made is to do nothing.

Bend Real Estate Inventory Levels Remain Low

Although there is always a downward seasonal adjustment for Bend home sales in the winter, the number...

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Bend Premier Welcomes Kim Gilchrist

Bend Premier Real Estate is pleased to announce Kim Gilchrist has joined the brokerage. Kim has lived in Central Oregon for over 24 years and brings many years of experience representing buyers and sellers in residential properties. When she is not involved with real estate clients, Kim volunteers as a CASA (Court appointed Special Advocate for Children), teaches yoga, and belongs to the Central Oregon Trail Alliance.