Vanport Escrow & Title Company Inc

@vanportpdx.bsky.social

12 hours ago

Mortgage Rates Match Multi-Year Low For 2nd Straight Day The average top-tier mortgage rates made it back to 5.99% yesterday for the first time since January 9th and only the second time in more than 3 years. With rates holding perfectly steady today, this is the 3rd day that matches that multi-year low. In one important way, the past 2 days represent a bigger victory for rates. Back on January 9th, the MND rate index only hit 5.99 for a few hours before bouncing. The next month and a half saw the average well into the low 6s. Contrast that to the current case where we've approached 5.99% more slowly and, thus far, are holding it much more steadily. All that having been said, there's never a guarantee that tomorrow's rates will be as low even if there aren't any economic reports that suggest a potentially volatile response. [thirtyyearmortgagerates]

Mortgage Rates Match Multi-Year Low For 2nd Straight Day #Oregonrealestate #Portlandrealestate #mortgage

Vanport Escrow & Title Company Inc

@vanportpdx.bsky.social

17 hours ago

Lowest Mortgage Rates in More Than 3 Weeks Mortgage rates fell on Tuesday following a downbeat Retail Sales report. At 0.05%, it was the largest single-day drop since the uncommonly big 0.15% drop on January 9th. This also takes the average 30yr fixed rate to 6.11%, easily below its recently narrow range of 6.15-6.20. The bonds that drive mortgage rates are always tuned in to various economic reports for movement cues. Weaker data = lower rates, all else equal. Retail Sales is hit and miss when it comes to causing rate volatility. The undisputed champion among economic reports is tomorrow's jobs report at 8:30am ET. Several recent rate rallies have been slightly larger than they otherwise might have been because the market may be positioning for a downbeat jobs number. If it is weaker than expected, there's certainly room for the rate rally to continue, but if the report shows resilience, rates would likely bounce back higher.

Lowest Mortgage Rates in More Than 3 Weeks #Oregonrealestate #Portlandrealestate #mortgage

Vanport Escrow & Title Company Inc

@vanportpdx.bsky.social

1 day ago

Touring THE BEST Home in Lake Oswego For Under $1M (Feat. The Emo Realtor) Let's chat about your move! 📱 Call or Text: 503-957-7981 📨 Email: Timjacksonrealestate@gmail.com 📅 Zoom: https://calendly.com/timjacksonrealestate Free home buyer guide: https://drive.google.com/file/d/1k-LzULB3GsnV6rs2GfwqWXwB3NaFEre2/view?usp=sharing If you're moving to the Portland or Va

Touring THE BEST Home in Lake Oswego For Under $1M (Feat. The Emo Realtor) #Oregon #Washington #portlandoregon @Greshamoregon #salemoregon @lakeoswego #realestate #oregonrealestate #salem #oregoncity #canby #lakeoswego #vancouverwashington

Vanport Escrow & Title Company Inc

@vanportpdx.bsky.social

1 day ago

Home Prices Fell More Than Expected in April Both the FHFA and Case‑Shiller home price indices were released today. While the data collection time frame is from April, they each suggest a similar shift is underway when adjusting for seasonality. Specifically, if we ignore seasonality, prices rose.  If we don't, they were down 0.4% from March. FHFA House Price Index (seasonally adjusted, MoM) April: −0.4%; March was revised from −0.1% to 0.0% YoY: +3.0% from April 2024 to April 2025 Monthly figures varied regionally: the West South Central and South Atlantic divisions posted the steepest falls (−1.3%), while the Middle Atlantic rose +1.2%. All nine divisions remain positive YoY (ranging from +0.5% to +7.4%). The 0.4% drop is in line with slower spring momentum—not drastic, but a continued cooling from prior gains. The upward revision in March helps to offset April's declines to some extent. Case‑Shiller National Index (unadjusted) YoY: +2.7% in April, down from +3.4% in March MoM (raw): +0.6% MoM (seasonally adjusted): −0.4%

Home Prices Fell More Than Expected in April #Oregonrealestate #Portlandrealestate #mortgage

Vanport Escrow & Title Company Inc

@vanportpdx.bsky.social

1 day ago

Mid Day Reversal Leaves Bonds Slightly Stronger Mid Day Reversal Leaves Bonds Slightly Stronger This morning, we noted the lightness of the selling pressure that took bonds into modestly weaker territory. It turns out it was so light that it was easy for bond buyers to get back on top un the afternoon hours. There was a bit of help from the Fed's much-anticipated announcement of a change to banking rules that will effectively allow banks to hold more Treasuries than before.  This wasn't a big market mover and its impacts would play out in the background over time, but it did seem to help to the tune of a bp or two today. With that, yields hit the 3pm close at their lowest  levels since May 7th, just barely edging out yesterday's marks.  Econ Data / Events New Home Sales 623k vs 690k f'cast, 743k prev Market Movement Recap 09:54 AM Flat overnight and modestly weaker just before the open.  MBS down 3 ticks (.09) and 10yr up 2.9bps at 4.321 12:51 PM Decent rally ahead of 5yr Treasury auction.  10yr up only 1.3bps at 4.305.  MBS down only 1 tick (.03). 01:43 PM No major response to 5yr auction.  10yr yields up 2bps at 4.312.  MBS down 2 ticks (.06). 03:45 PM Best levels of the day with MBS up 2 ticks (.06) and 10yr down nearly 1bp at 4.284

Lowest Rates in Over 2 Months #Oregonrealestate #Portlandrealestate #mortgage

Vanport Escrow & Title Company Inc

@vanportpdx.bsky.social

1 day ago

Top 10 Biggest Lifestyle Shifts When Moving to Portland Moving to Portland Oregon is not just a change of location, it is a complete shift in how your daily life feels. The pace is different, the priorities are different, and even the way people define convenience changes. Most people move to Portland Oregon expecting one version of the city, but what th

Top 10 Biggest Lifestyle Shifts When Moving to Portland #Portland #Portlandoregon #Oregon #Oregonrealestate #multnomah #multnomahcounty #cityofportland #greshamoregon #oregonhousing #housing #movingtooregon #movingtoportland

Vanport Escrow & Title Company Inc

@vanportpdx.bsky.social

2 days ago

Best Closing Levels in More Than a Month Best Closing Levels in More Than a Month Don't look now, but rates just inched their way down to the best levels since the first week of May.  It's probably NOT fair to credit geopolitical developments for the bond market improvement.  While those developments arguably had an impact at times during the day, they were also arguably a zero sum game by the end of the day (due to a rapid de-escalation of armed conflict).  What's left over is the improvement seen earlier in the day due to the shift in Fed Funds Rate expectations after comments from Bowman.  This no doubt increases the market's anticipation for Fed Chair Powell's congressional testimony over the next two days. Econ Data / Events S&P Services PMI 53.1 vs 52.9 f'cast, 53.7 prev Existing Home Sales 4.03m vs 3.96m f'cast, 4.00m prev Market Movement Recap 10:10 AM Modestly stronger overnight with additional gains after Bowman comments on supporting a July rate cut.  MBS up 6 ticks (.19) and 10yr down 6.3bps at 4.315 12:38 PM Slow, steady bond gains over the past 2 hours.  10yr down 8.3bps to 4.296 and MBS up 9 ticks (.28). 02:43 PM Off the strongest levels but still stronger on the day.  MBS up 7 ticks (.22) and 10yr down 5.8bps at 4.321 03:40 PM Technically down an eighth from the highs.  MBS still up 6 ticks (.19) and 10yr still down 4.6bps at 4.333

Mortgage Rates Lowest Since May 1st #Oregonrealestate #Portlandrealestate #mortgage

Vanport Escrow & Title Company Inc

@vanportpdx.bsky.social

2 days ago

The Mysterious Legacy of Liverpool Liz PATREON: www.patreon.com/exploreoregon This is a project I've had sitting in the back of my mind for some time. Elizabeth Young (as was her maiden name), or Liverpool Liz, as she would become historically and notoriously known, arrived in Portland during the 1880s. Much of her life is shrouded in m

The Mysterious Legacy of Liverpool Liz #history #oregonhistory #portlandhistory #pdxhistory #portlandoregon #realestate #oregonrealestate #cityofportland #multnomah @multnomahcounty

Vanport Escrow & Title Company Inc

@vanportpdx.bsky.social

2 days ago

Discover Charming Beach Town Vibes Take a look at the charming coffee shop with a beach town feel right within city limits, nestled between Portland, OR and Vancouver, WA. With walkable paths and beautiful condos overlooking the river, this area offers a relaxing atmosphere and stunning views. It is a place where community and everyd

Discover Charming Beach Town Vibes #Oregonrealestate #washington #mortgage #commercial #realestate

Vanport Escrow & Title Company Inc

@vanportpdx.bsky.social

2 days ago

Mortgage Rates Hold Flat on Thursday Despite Lower Weekly Average For the average lender, top-tier 30yr fixed mortgage rates were perfectly unchanged compared to yesterday. This keeps them right in line with the lowest levels in more than 3 years. That said, if we're splitting hairs, better rates were available 4 days in the past month and a half (Jan 9, Jan 12, Feb 13, Feb 17). So why is it that there are news headlines today claiming that rates hit their lowest levels in more than 3 years? Simply put, those stories are based on weekly survey data from Freddie Mac. Freddie isn't technically wrong, but you have to understand their methodology. Freddie's survey is an average of the rates available from last Thursday through yesterday. Indeed, if you use the numbers from our daily rate index on those days, the average is the lowest in 3 years, even if today's rates are a hair higher than several recent days.

Mortgage Rates Hold Flat on Thursday Despite Lower Weekly Average #Oregonrealestate #Portlandrealestate #mortgage

Vanport Escrow & Title Company Inc

@vanportpdx.bsky.social

3 days ago

When you know what works keep doing it‼️ #Oregon #Oregonrealestate #Realestate #realestatebroker #realtor #oregonrealtor #Portland #portlandoregon #portlandrealestate #lakeoswego #oregoncity #salem #astoria #oregoncoast www.youtube.com/shor...

Vanport Escrow & Title Company Inc

@vanportpdx.bsky.social

3 days ago

Mortgage Rates Tick Microscopically Higher Mortgage rates at the average lender moved up by 0.01% today--the smallest increment measured by the MND daily rate index. This means that most borrowers won't see a meaningful different in today's rates vs yesterday's. That's welcome news considering yesterday's rates were tied for the second best day in more than 3 years. In the bigger picture, the absence of improvement over the past 2 days may suggest that recent bull run in rates is pausing for reflection, or at least until and unless certain economic reports justify renewed momentum. On that note, this week's nearest examples of such reports will almost all be released on Friday morning, but they're notably less potent than the data seen over the past 2 weeks.

Mortgage Rates Tick Microscopically Higher #Oregonrealestate #Portlandrealestate #mortgage

Vanport Escrow & Title Company Inc

@vanportpdx.bsky.social

3 days ago

Mortgage Rates Hold Perfectly Steady at 2-Week Highs The average top tier 30yr fixed mortgage rate hit its highest levels in 2 weeks yesterday. The caveat was that the range has been very narrow during these 2 weeks. As such, by remaining unchanged versus yesterday, today's rates are part of the same narrow range (6.15-6.20% for MND's index). There were two relevant economic reports this morning as well as an update from the Treasury department regarding borrowing expectations. The latter is important for interest rates because the level of Treasury issuance is a primary ingredient in determining almost any consumer lending rate in the U.S. Higher issuance would increase the supply of bonds.  Higher bond supply would decrease the price of bonds. And when bond prices fall, rates move higher, all else equal. This morning's update kept issuance unchanged in the short term, but noted the probability of increased issuance in the next fiscal year.  This put some upward pressure on rates early in the day, but a tame report on the services sector helped bonds find their footing. Flat bonds = flat rates. The end.

Mortgage Rates Hold Perfectly Steady at 2-Week Highs #Oregonrealestate #Portlandrealestate #mortgage

Vanport Escrow & Title Company Inc

@vanportpdx.bsky.social

4 days ago

Mortgage Rates Drift Up to 2-Week Highs The bad news: mortgage rates moved up to their highest levels in 2 weeks today.  The good news: the rate range has been very narrow during that time, so there's not too much of a difference between 2-week highs (6.20%) and lows (6.15%).  Today's move wasn't a product of anything that happened today. Rather, the culprit was the focal point of our coverage yesterday. Specifically, an economic report on the manufacturing sector was exceptionally strong yesterday. The result was a weaker bond market and, thus, an implication for higher rates. But the report came out after most mortgage lenders had published rates for the day and the average lender didn't see quite enough weakness in bonds to justify a mid-day rate change yesterday. Instead, they simply waited until this morning to make the expected changes.

Mortgage Rates Drift Up to 2-Week Highs #Oregonrealestate #Portlandrealestate #mortgage

Vanport Escrow & Title Company Inc

@vanportpdx.bsky.social

4 days ago

Mortgage Rates Stay Flat to Start New Week It was an uneventful day for mortgage rates with the average lender holding right in line with last Friday's levels. In this case, that's a good thing. On the day before and/or after a 3-day weekend, rates tend to be more volatile than normal. That was certainly the case last Friday as the MND rate index dropped at its fastest pace since early January.  By holding steady, rates remain right in line with the lowest levels in more than 3 years.

Mortgage Rates Stay Flat to Start New Week #Oregonrealestate #Portlandrealestate #mortgage

Vanport Escrow & Title Company Inc

@vanportpdx.bsky.social

5 days ago

Another 2-Month Low For Mortgage Rates After Modest Drop Wednesday had the potential to cause bigger volatility for rates due to the confluence of several important economic reports. If that data had been lopsided in one direction or the other, rates likely would have moved more. As it happened, the data was mixed. The net effect was an exceedingly modest drop in the average 30yr fixed rate. Despite the tiny move, this brings MND's 30yr fixed rate index back in line with the 2-month lows seen on several recent occasions. Bottom line: today ended up being uneventful in an inoffensive way.  From here, Friday's jobs report represents the same sort of potential for a volatile reaction.

Another 2-Month Low For Mortgage Rates After Modest Drop #Oregonrealestate #Portlandrealestate #mortgage

Vanport Escrow & Title Company Inc

@vanportpdx.bsky.social

5 days ago

Mortgage Rates Roughly Flat to Start The Week The past 2 weeks have seen very little volatility for mortgage rates.  After being near 6% for a week in early January, rates rose abruptly to 6.21% (avg top tier 30yr fixed) on January 20th in response to geopolitical drama. They've generally descended since then, but in slow, measured steps.   Today's result was actually a 0.01% increase in the MND rate index, but that's not terrible news considering last week ended at 2 week lows. In the bigger picture, apart from the super low week in early January, recent rates have been in line with the lowest levels in years. Last week's most noticeable move came in response to a trio of employment-related reports on Thursday. That suggests the market will be more than willing to react to any interesting developments in this Wednesday's big jobs report (a single report that is orders of magnitude more important than last Thursday's reports combined).

Mortgage Rates Roughly Flat to Start The Week #Oregonrealestate #Portlandrealestate #mortgage

Vanport Escrow & Title Company Inc

@vanportpdx.bsky.social

6 days ago

Housing Starts Slide in May, But Single-Family Holds Steady The latest Residential Construction report from the Census Bureau showed a noticeable drop in overall housing starts in May, though single-family activity managed a small gain. Building permits also declined, continuing a trend of slight cooling in new construction momentum. As usual, the market focuses most on building permits and housing starts , with the latter representing the beginning of actual construction activity. Total starts fell nearly 10% to an annual pace of 1.256 million , down from 1.392 million in April. The decline was almost entirely due to a sharp drop in multifamily starts , which fell from 420k to 316k , the lowest level in over a year. In contrast, single-family starts edged up slightly to 924k from 920k . Building permits—a forward-looking indicator—also declined, dropping 2% from 1.422 million to 1.393 million . That included a 2.7% decline in single-family permits and a moderate slowdown in multifamily authorizations.

Housing Starts Slide in May, But Single-Family Holds Steady #Oregonrealestate #Portlandrealestate #mortgage

Vanport Escrow & Title Company Inc

@vanportpdx.bsky.social

6 days ago

The Trend is Friendly For Now The Trend is Friendly For Now A common financial market quip is that the "trend is your friend."  We like to add the addendum: "until it's not anymore."  All we can know for sure is that bonds have shifted from range-bound to trending lower in yield over the past 3-4 days and today was just another confirmation of that shift.  What we can't know is when the next show of resistance will happen and whether that will merely be a speed bump before additional gains, or a sign to circle the wagons and get sideways again.  Data wasn't necessarily a huge factor in today's improvement although it didn't hurt. Bonds have an underlying vigor for other reasons, as evidenced by a solid 7yr Treasury auction today, despite yields being at the lowest levels in more than a month. Today's video discusses some possible reasons for that.  Econ Data / Events Jobless Claims 236k vs 245k f'cast, 246k prev Continued Claims 1974k vs 1950k f'cast, 1937k prev GDP  -0.5 vs -0.2 f'cast Durable goods 16.4 vs 8.5 f'cast, -6.6 prev Durables ex defense/aircraft  1.7 vs 0.1 f'cast, -1.3 prev Market Movement Recap 08:39 AM Bonds have moved just a hair weaker in response with MBS back to unchanged after being up 2 ticks (.06) and 10yr back to unchanged after being down just over 1bp at 4.283. 09:16 AM Quick reversal back into positive territory.  MBS up 4 ticks (.125) and 10yr down 2.4bps at 4.265 12:32 PM Best levels of the day ahead of 7yr auction.  MBS up 7 ticks (.22) and 10yr down 2.4bps at 4.265 03:21 PM Best levels of the day with MBS up 9 ticks (.28) and 10yr yields down 3.6bps at 4.252

Mortgage Rate Winning Streak Continues #Oregonrealestate #Portlandrealestate #mortgage

Vanport Escrow & Title Company Inc

@vanportpdx.bsky.social

6 days ago

Living in Vancouver WA: Columbia River Waterfront | Walkable Riverfront, Dining & Lifestyle Experience a refreshing oasis in Vancouver, WA right by the Columbia River where the city meets a beach-town vibe with great restaurants and stunning waterfront views. Discover the joy of connection and community as I share a special moment with my cherished client, Lisa, a true beacon of light and

Living in Vancouver WA: Columbia River Waterfront | Walkable Riverfront, Dining & Lifestyle #Oregonrealestate #washington #mortgage #commercial #realestate

Vanport Escrow & Title Company Inc

@vanportpdx.bsky.social

1 week ago

Not So Fast: January Existing-Home Sales Give Back December’s Gains Existing-home sales pulled back sharply in January, quickly dashing any hopes that December’s year-end rebound brought, as harsh winter weather and still-tight supply conditions weighed on activity. Sales fell 8.4% to a seasonally adjusted annual rate of 3.91 million, the lowest levels since November 2024. According to the National Association of Realtors (NAR), transactions were also 4.4% lower than the same time last year, with every region posting both month-over-month and year-over-year declines. “The decrease in sales is disappointing,” said NAR Chief Economist Lawrence Yun. Perhaps an understatement, especially after the strong showing last month. He added that affordability is nevertheless improving, with wage gains outpacing price growth and mortgage rates running lower than a year ago, though supply remains limited. Inventory dipped slightly from December but stayed above year-ago levels. Total housing inventory registered at 1.22 million units, down 0.8% from the prior month and up 3.4% from January 2025. The months’ supply of unsold homes increased to 3.7 months, up from 3.5 months in December. Price pressures persisted. The median existing-home price for all housing types rose to $396,800, up 0.9% from a year earlier and marking the 31st consecutive month of annual gains. Yun noted that homeowners continue to build substantial equity, estimating that the typical owner has accumulated more than $130,000 in housing wealth since early 2020.

Mortgage Rates Oh So Close to 3 Year Lows #Oregonrealestate #Portlandrealestate #mortgage

Vanport Escrow & Title Company Inc

@vanportpdx.bsky.social

1 week ago

Old Murder Stories of Portland's North End PATREON: www.patreon.com/exploreoregon For this in between week where I was unable to complete a new project (and am still working like a dog to get that one done for next week) I've got a collection of North End/Skid Row murder stories that I've covered in the past. My recent video on the old Poor

Old Murder Stories of Portland's North End #history #oregonhistory #portlandhistory #pdxhistory #portlandoregon #realestate #oregonrealestate #cityofportland #multnomah @multnomahcounty

Vanport Escrow & Title Company Inc

@vanportpdx.bsky.social

1 week ago

Mortgage Rates Match Multi-Year Low For 2nd Straight Day The average top-tier mortgage rates made it back to 5.99% yesterday for the first time since January 9th and only the second time in more than 3 years. With rates holding perfectly steady today, this is the 3rd day that matches that multi-year low. In one important way, the past 2 days represent a bigger victory for rates. Back on January 9th, the MND rate index only hit 5.99 for a few hours before bouncing. The next month and a half saw the average well into the low 6s. Contrast that to the current case where we've approached 5.99% more slowly and, thus far, are holding it much more steadily. All that having been said, there's never a guarantee that tomorrow's rates will be as low even if there aren't any economic reports that suggest a potentially volatile response. [thirtyyearmortgagerates]

Mortgage Rates Match Multi-Year Low For 2nd Straight Day #Oregonrealestate #Portlandrealestate #mortgage

Vanport Escrow & Title Company Inc

@vanportpdx.bsky.social

1 week ago

Mortgage Rates Slide to New Multiweek Lows Just one day after an incredibly strong jobs report--something that would normally create problematic upward momentum for rates--the average lender is back to the lowest levels since January 16th. At the risk of overusing a played-out metaphor, this was not on many experts' bingo cards. Even with the benefit of hindsight, it's not entirely possible to justify what we've seen over the past 2 days without jumping to conclusions and making educated guesses. Said guesses would rely on somewhat esoteric concepts regarding the way investor demand ebbs and flows between different Treasury securities (i.e. 2yr vs 10yr, etc).  More volatility could be on the way tomorrow. The BLS will release the Consumer Price Index (CPI) for January. This is the first major inflation report that comes out on any given month. Because inflation is a key consideration for rates, if CPI is meaningfully above or below the median forecast, rates often react accordingly.

Mortgage Rates Slide to New Multiweek Lows #Oregonrealestate #Portlandrealestate #mortgage

Vanport Escrow & Title Company Inc

@vanportpdx.bsky.social

1 week ago

Token Weakness Without a Cause Token Weakness Without a Cause Sometimes bonds rally or sell-off for no apparent reason, or at least for no reason that can be easily proven.  That's been the case on each of the past two sessions  with 30yr yields moving almost 10bps higher between the two of them.  Geopolitical motivations have been nonexistent despite some efforts to link oil price concerns to bond weakness (not a solid thesis right now). Fiscal concerns may be having some small effect behind the scenes, but they're hard to substantiate based on the available headlines. The easiest approach would be to continue to classify the market as rangebound, in which case a pull-back makes sense given the lower yields seen last Thursday--especially with bigger ticket data/events over the next two days. Econ Data / Events NY Fed Manufacturing -16.0 vs -5.5 f'cast, -9.20 prev Market Movement Recap 09:48 AM Choppy and slightly weaker overnight, but sideways and holding ground since then.   MBS down 2 ticks (.06) and 10yr up 2.4 bps at 4.426 01:47 PM After a decent rally into 10:30am, MBS are down an eighth from highs and 3 ticks (.09) on the day.  10yr up 4.6bps at 4.446 03:50 PM Heading out near weakest levels with MBS down an eighth on the day and 10yr yields up 5.3bps at 4.454

Mortgage Rates Drift Slightly Higher to Start The Week #Oregonrealestate #Portlandrealestate #mortgage

Vanport Escrow & Title Company Inc

@vanportpdx.bsky.social

1 week ago

Can You Actually AFFORD to Live in Vancouver, Washington? (I Ran the Numbers) Let's chat about your move! 📱 Call or Text: 503-957-7981 📨 Email: Timjacksonrealestate@gmail.com 📅 Zoom: https://calendly.com/timjacksonrealestate Free home buyer guide: https://drive.google.com/file/d/1k-LzULB3GsnV6rs2GfwqWXwB3NaFEre2/view?usp=sharing Todays video goes over the cost of liv

Can You Actually AFFORD to Live in Vancouver, Washington? (I Ran the Numbers) #Oregon #Washington #portlandoregon @Greshamoregon #salemoregon @lakeoswego #realestate #oregonrealestate #salem #oregoncity #canby #lakeoswego #vancouverwashington

Vanport Escrow & Title Company Inc

@vanportpdx.bsky.social

1 week ago

Mortgage Rates Only Modestly Higher Despite Bond Market Weakness Weakness in the bond market generally means higher mortgage rates. Today was no exception. A key economic report on the manufacturing sector was much stronger than expected. Bonds lost ground as a result and mortgage lenders were forced to set rates higher than Friday's latest levels. But the caveat is that the average lender was only marginally higher. The level of movement in the bond market suggested a bigger change. In other words, mortgage rates fared a bit better than the market suggested. When this happens, it's most frequently due to timing. If bonds lose ground moderately, but those losses happen  after mortgage lenders announce the day's rates, many lenders will simply wait until the following day to adjust rates accordingly. This could explain some of today's resilience.

Mortgage Rates Only Modestly Higher Despite Bond Market Weakness #Oregonrealestate #Portlandrealestate #mortgage

Vanport Escrow & Title Company Inc

@vanportpdx.bsky.social

1 week ago

Calmer Week For Mortgage Apps Mortgage application activity was essentially flat last week, almost impressively so. After much recent volatility, the index is finding a brief moment of stability, and borrowers seem content continue to weigh affordability challenges and wait for clearer movement in rates. The Mortgage Bankers Association (MBA) reported that applications decreased 0.3% (seasonally adjusted) for the week ending February 6, while rising 2% on an unadjusted basis. Purchase demand softened modestly. The seasonally adjusted Purchase Index slipped 2% from the prior week, while unadjusted purchase applications increased 4% and were 4% higher than the same week one year ago. Refinance activity posted a small gain. The Refinance Index rose 1% from the previous week and remained 101% higher than a year earlier. Joel Kan, MBA’s Vice President and Deputy Chief Economist, described the week as a mixed bag across loan types. While the 30-year fixed rate held steady at 6.21%, conventional applications declined for both purchases and refinances as some borrowers wait for a more meaningful drop in rates or migrate toward other loan types and products. And they appear to be doing just that, as FHA and ARM products saw an increase in apps last week. Kan noted that FHA purchase and refinance applications increased, supported in part by FHA rates that remained roughly 20 basis points below the conforming 30-year fixed rate. He added that borrowers are increasingly turning to FHA loans as affordability pressures persist. At the same time, the ARM share climbed to a seven-week high, with ARM rates running nearly a full percentage point below comparable fixed rates.

Modest Increase in Rates is a Win. Here's Why #Oregonrealestate #Portlandrealestate #mortgage

Vanport Escrow & Title Company Inc

@vanportpdx.bsky.social

1 week ago

Mortgage Rates Match 2-Month Lows Because mortgage rates are determined by the bond market, a boring market day typically translates to a boring mortgage rate day. But that's not entirely true today. While the level of movement is indeed very small, it only took a small movement to get the average 30yr fixed rate down to their lowest levels since the end of October.   Next week should be another slow one for rates, but things should pick up progressively as 2026 gets underway.

Mortgage Rates Match 2-Month Lows #Oregonrealestate #Portlandrealestate #mortgage

Vanport Escrow & Title Company Inc

@vanportpdx.bsky.social

1 week ago

New 2-Month Lows, Just Barely With another holiday closure on deck and light calendar of events, the rate market is off to another uneventful start this week. In fact, the average lender barely budged from last Friday. But it was enough for MND's 30yr fixed rate index to tick down by 0.01%. This is the lowest level since October 28th--just barely edging out the lows seen on November 25th. There were only 5 days in November and one day in September with lower rates.  Before that, you'd have to go back to September 2024 to see anything lower. As always, there's never any way to know what's next for rates. The outcome of next week's economic data could certainly have a say in that. What we do know is that the present zone has been a recurring lower boundary for the range going all the way back to late 2022.

New 2-Month Lows, Just Barely #Oregonrealestate #Portlandrealestate #mortgage