Rates dip down, and things look pretty good in the very near future.

Posted on: April 04, 2008

Over the last few weeks, we have seen mortgage rates slip even lower. Applications are up, and interest in homes seems to be increasing at a steady pace. Things are busy in our office again as people take advantage of this opportunity to purchase and refinance with record lows again.

Yesterday while watching the national news networks, I took note that it was predicted by various experts that the bottom in the real estate slump is here or in sight. Experts commenting on the stock market also had positive remarks for the first time in months.

Here in the Pacific Northwest, we continue to see an active market compared to other parts of the U.S. and real estate professionals indicated that the phones are ringing once again.

Now is a great time to buy, as prices are fair and there are a great deal of people moving back into the rental market. Investors with 10%-20% down are taking advantage of this opportunity by adding homes to their rental inventory.

Travis Wolfe operates WhiteWolfe Mortgage in Portland, Oregon. As a local mortgage professional and real estate investor, he has been active in the real estate community since 1997.