Should I wait for mortgage rates to go back down?

Mortgage rates are like the stock market-- there is no sure way to predict if they will go up or down. There are a lot of opinions out there, so ultimately, you have to decide for yourself if you want to jump on a rate, or wait it out.

To put things in perspective though... Take a look at this graph of mortgage rates over the last 100+ years.

Keep this graph in mind, despite the "doom and gloom" messages on the news today that mortgage rates are going back up.

 

Despite slight increases, we are still in an era of record lows!

Call 503-588-3511 or email us today to shop our rates.