It's already been an interesting 2008. Mortgage interest rates here in Eugene, Oregon have plummeted to a 24 month low at just below 5.50% on a 30 year fixed mortgage.
As the economy shows signs of slowing rates have headed down and the consensus is that we may see rates going even lower this year.
Here at The Lending Company, Inc. we are seeing a lot of activity as many homeowners are looking to take advantage of these low rates once again and refinance their current loans, while other potential home-buyers are once again looking for new homes that are becoming more affordable every day.
Feel free to contact me if you have any questions regarding interest rates or the Oregon real estate markets.
John Leach
Senior Managing Partner
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