It's not Friday night without the Friday Phil and Bob Raise the Roof podcast! This week, we talk about condos as an alternative to purchasing a detached home. What are those HOA things anyway? And how can you, the buyer, know if you're getting ...
We've launched a podcast!
We'll be checking in weekly to let you know what's going on in the Portland Real Estate market. In this week's episode, Phil and Bob talk about which market trends do and don't affect mortgage rates, including the Fede...
The Federal Funds Rate & Fixed Mortgage Rates
The Federal Funds Rate sets the interest rate banks charge each other on overnight loans made to meet reserve requirements. The Federal Funds Rate also determines the Prime Rate, upon which many ...
The Portland rental market is booming. Portland publications raised alarms when the average Portland rental cost hit $1400 last summer. These days, average monthly rent for a 1 bedroom in the city exceeds $1500. Even as new apartment comple...
We all know that searching for and viewing potential homes is the fun part of the home-buying process. The not-so-fun part? The mortgage.
But if you don't pay attention to the details, your mortgage can end up dragging down the enjoyment...