Mortgage rates under 3%? Not yet but maybe soon

Matthew Gardner’s most recent “Mondays with Matthew” video gives a 10-minute deep dive into what is expected to happen with 30 year mortgage rates from now through 2021.  I encourage you to watch the whole video, but for those who just want the “Cliff’s Notes” version here are his conclusions.

Because historically, 30-year mortgage rates are tied to 10-year bond yields, and those 10-year bond yields have plummeted, it is reasonable to expect mortgage rates to decline over the coming months.  He includes this interesting graph showing the predictions of many industry experts.

forecast of 30-year mortgage rates June 2020

One can see that Windermere Economics’ (Matthew Gardner’s) forecast is right in the middle of the pack, with the average of all sources coming in at 3.12% for the second half of 2020.

This is good, stabilizing news for the housing market.  But what is even more interesting is this next chart that shows the forecast for the next 6 quarters – with interest rates moving even lower.

30 year mortgage rate forecast 2021

As Gardner explains in the full video, these average all types of 30-year mortgages, which means there may be products available that will be UNDER 3.0% in 2021.

Conclusions:

If you’re a buyer, your borrowing power is historically as strong as it has ever been, and should remain that way or get even better over the coming year.

If you are a mortgage holder who does not plan to move in the next few years, it likely makes sense to talk to a trusted lender about a refinance.  But it doesn’t look like you have to hurry to miss out.  These rates look likely to hover around the low 3s and possibly high 2s in the coming 18 months.

Here is the June 1 edition of “Monday’s with Matthew” for those of you who enjoy in-depth economic analysis.

As always, I’m here to help you or your friends know what this could mean in your individual situation and it would be a privilege to assist you or them discussing these issues.  I can also refer you to some trusted local lenders to discover if this is a good time for a refinance or new mortgage.

Don Jaques
Windermere Real Estate Whidbey Island
360-672-5447
donj@windermere.com
http://thegoldenrulerealtor.com
https://facebook.com/thegoldenrulerealtor
https://instagram.com/donjaques_realestate

 

Posted on June 2, 2020 at 6:14 pm
Don Jaques, Jr | Category: RE Market Info | Tagged , , , , , ,

North Whidbey (Oak Harbor) Market Update May 2019

For those interested in the market trends here on North Whidbey (Oak Harbor WA), I took a look at the statistics for homes priced under $500K on North Whidbey and created this 3 minute video.  These stats came out May 1 and refer back to April 2019.

Quick takeaways:

  • Mortgage rates went down the last 2 months and are under 4.25% on average.
  • Average sales price for these homes has gone down by 5% since last April.
  • There is still not a lot of inventory, and homes are taking 40 days to get under contract on average (a small step up from last month).
Have questions about what these statistics mean for you and your home?  Wondering what it takes to purchase a home in today’s market?  Reach out today and I’ll be glad to give you personal assistance.
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Don Jaques
Windermere Real Estate Whidbey Island
360-672-5447
donj@windermere.com
http://thegoldenrulerealtor.com
https://facebook.com/thegoldenrulerealtor
Posted on May 2, 2019 at 8:24 pm
Don Jaques, Jr | Category: RE Market Info | Tagged , , ,

North Whidbey (Oak Harbor) Market Update March 2019

Here is an update on the Oak Harbor North Whidbey real estate market, based on statistics through the end of February 2019, and published by the Northwest Multiple Listing Service.

In the video below I walk viewers through the statistics which show a couple of noteworthy market aspects here in Oak Harbor (North Whidbey).  First, after a relatively flat previous few months, average sold prices have increased markedly over the past 2 months.  Second, the amount of available inventory has jumped up over 3 months for the first time in a few years. This means we are currently in a “balanced” market after being in a “sellers” market for a long time.  Along with that, interest rates have decreased over the past few weeks.  This is a help to buyers as well.

Don Jaques North Whidbey Oak Harbor real estate Market Update March 2019

If you would like a current market analysis of your home anywhere on Whidbey Island or in Anacortes, reach out today for this complementary service.

Compare this report to the November 2018 report.

Looking for a church in Oak Harbor? Check out oakharborchurches.com

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Don Jaques
Windermere Real Estate/Whidbey Island
360-672-5447
donj@windermere.com


https://oakharborchurches.com
https://facebook.com/thegoldenrulerealtor

 

Posted on March 13, 2019 at 8:24 pm
Don Jaques, Jr | Category: RE Market Info | Tagged , , , , , ,

Churches in Oak Harbor – Church on the Rock

Churches in Oak Harbor is a series of blog posts and video interviews of pastors.  In this episode I interview Church on the Rock Pastor Jim Cutter.

I discovered that Jim spent 32 years as a chaplain in the Air Force earlier in his life.  This experience has developed in him a deep sense of empathy for military families.  I appreciated hearing about how Church on the Rock is focusing on connecting more mature believers with less mature ones for discipleship and friendship as well.  Here’s the interview.

Church on the Rock meets for worship each Sunday at 10:30, preceded by a Sunday School hour at 9:15.

To learn more about Church on the Rock go to churchontherockoh.com.  You can find them at 1780 SE 4th Avenue, Oak Harbor WA at the corner of Regatta and SE 4th.

Want information about another church in Oak Harbor but don’t want to wait for a video?
Let my 15 years of pastoral work here and personal relationships with the pastors help you narrow your search.  It’s not about sending you to MY favorite church, but helping you find YOUR favorite (kind of like searching for a home!) Contact me directly or speed up the process with this REQUEST FOR HELP.

VIEW OTHER CHURCHES IN OAK HARBOR

Don Jaques
Windermere Real Estate Whidbey Island
donj@windermere.com
360-672-5447
thegoldenrulerealtor.com
Facebook.com/thegoldenrulerealtor
Instragram.com/thegoldenrulerealtor

Posted on October 5, 2018 at 3:27 pm
Don Jaques, Jr | Category: Churches in Oak Harbor | Tagged , , , , ,

Churches in Oak Harbor – Family Bible Church

Churches in Oak Harbor is a series of blog posts and video interviews of pastors.  In this episode I interview Family Bible Church Pastor Ron Lawler.

Family Bible Church is well-known for their AWANA Clubs which disciple children and youth.  The church emphasizes discipleship of believers and supports a large amount of missions, both local and around the world.  Here’s the interview.

Family Bible Church meets for worship each Sunday at 8:30, 9:50, and 11:20am, with programs for children.

To learn more about Family Bible Church go to oakharborfamilybible.org  You can find them at 2760 Heller Rd, Oak Harbor WA.

Want information about another church in Oak Harbor but don’t want to wait for a video?
Let my 15 years of pastoral work here and personal relationships with the pastors help you narrow your search.  It’s not about sending you to MY favorite church, but helping you find YOUR favorite (kind of like searching for a home!) Contact me directly or speed up the process with this REQUEST FOR HELP.

VIEW OTHER CHURCHES IN OAK HARBOR

Don Jaques
Windermere Real Estate Whidbey Island
donj@windermere.com
360-672-5447
thegoldenrulerealtor.com
Facebook.com/thegoldenrulerealtor
Instragram.com/thegoldenrulerealtor

Posted on September 27, 2018 at 7:03 pm
Don Jaques, Jr | Category: Churches in Oak Harbor | Tagged , , , , , , ,

Churches in Oak Harbor – Assembly of God

Churches in Oak Harbor is a series of blog posts and video interviews of pastors.  In this episode I interview Oak Harbor Assembly of God Pastor Mark Geer.

As a Pentecostal church, OH Assembly of God emphasizes the need for believers to be empowered by the Holy Spirit.  This is demonstrated in their worship style, and in what Pastor Mark speaks about in his messages.  This church is active in the community, partnering with such organizations as the Garage of Blessings, SPIN Cafe, and the Pregnancy Care Clinic.  In addition to leading this church, Mark also works as a substitute teacher in the Oak Harbor Public Schools.

Oak Harbor Assembly of God meets for worship each Sunday from 10:30am to noon, with programs for children.

To learn more about Oak Harbor Assembly of God Church go to www.oakharborag.org  You can find them at 319 SW 3rd Ave, behind Saars Marketplace.

Want information about another church in Oak Harbor but don’t want to wait for a video?
Let my 15 years of pastoral work here and personal relationships with the pastors help you narrow your search.  It’s not about sending you to MY favorite church, but helping you find YOUR favorite (kind of like searching for a home!) Contact me directly or speed up the process with this REQUEST FOR HELP.

VIEW OTHER CHURCHES IN OAK HARBOR

Don Jaques
Windermere Real Estate Whidbey Island
donj@windermere.com
360-672-5447
thegoldenrulerealtor.com
Facebook.com/thegoldenrulerealtor
Instragram.com/thegoldenrulerealtor

Posted on September 25, 2018 at 10:52 pm
Don Jaques, Jr | Category: Churches in Oak Harbor | Tagged , , , , , , , , ,

Home for sale: 6170 S Campbell Lake Rd Anacortes WA

Looking for an easy commute to the Navy base or Skagit Valley, but want to be in the Anacortes area?  This spacious home at 6170 S Campbell Lake Rd Anacortes WA is sure to please.  Located on a manicured 1/2 acre lot, you will enjoy privacy from neighbors and a serene setting. Home features 2400 sf, 4 bedrooms, 2.5 baths, two living rooms and a den.  Nearly finished workout room in the garage. Wash the car, boat, or dog with hot water spigot outside the garage. Master bath features dual vanity and separate shower and soaking tub. Open flow from kitchen into living room makes entertaining easy.

See all listing details HERE.

Contact me today for more information!

Don Jaques, Jr
360-672-5447
donj@windermere.com
http://thegoldenrulerealtor.com
https://facebook.com/thegoldenrulerealtor

Posted on August 1, 2018 at 9:54 pm
Don Jaques, Jr | Category: Open Houses and Listings | Tagged , , , , , , ,

Churches in Oak Harbor – First Reformed Church

Churches in Oak Harbor is a series of blog posts and video interviews of pastors.  In this episode I interview First Reformed Church Pastor Matt Waite.

First Reformed Church (FRC) of Oak Harbor is one of the churches with the most history in Oak Harbor, having started in the early 1900s. Pastor Matt shares the uniqueness of the inter-generational aspect of their church.  They successfully bridge the gap between seniors and young parents and children in their ministries.  Matt also shares about the importance of grace underpinning what First Reformed is all about.

First Reformed Church Oak Harbor meets for worship each Sunday at 10:00am, with programs for children.

To learn more about First Reformed Church in Oak Harbor go to frcoh.org  You can find them at 250 SW 3rd Ave, behind Saars Marketplace.

map to First Reformed Church Oak Harbor Don Jaques

Want information about another church in Oak Harbor but don’t want to wait for a video?
Let my 15 years of pastoral work here and personal relationships with the pastors help you narrow your search.  It’s not about sending you to MY favorite church, but helping you find YOUR favorite (kind of like searching for a home!) Contact me directly or speed up the process with this REQUEST FOR HELP.

VIEW OTHER CHURCHES IN OAK HARBOR

Don Jaques
Windermere Real Estate Whidbey Island
donj@windermere.com
360-672-5447
thegoldenrulerealtor.com
Facebook.com/thegoldenrulerealtor
Instragram.com/thegoldenrulerealtor

Posted on May 8, 2018 at 11:52 pm
Don Jaques, Jr | Category: Churches in Oak Harbor, Uncategorized | Tagged , , , , , , ,

Churches in Oak Harbor – First United Methodist

Churches in Oak Harbor is a series of blog posts and video interviews of pastors.  In this episode I interview First United Methodist Pastor David Parker.

Oak Harbor First United Methodist Church has been serving the community of Oak Harbor for over 160 years!  Pastor David talks about the importance of being “boots on the ground” to serve the poor and needy in our community.  The facility of FUMC is beautiful, with a view of the harbor, and a high ceiling sanctuary with great acoustics.  I enjoyed learning more about this unique church from Pastor David.

First United Methodist meets for worship each Sunday at 10:00am, with programs for children.

To learn more about Oak Harbor First United Methodist Church go to oakharborfumc.org  You can find them at 1050 SE Ireland St, just one block up from Pioneer Way downtown.

oak harbor first united methodist map

Want information about another church in Oak Harbor but don’t want to wait for a video?
Let my 15 years of pastoral work here and personal relationships with the pastors help you narrow your search.  It’s not about sending you to MY favorite church, but helping you find YOUR favorite (kind of like searching for a home!) Contact me directly or speed up the process with this REQUEST FOR HELP.

VIEW OTHER CHURCHES IN OAK HARBOR

Don Jaques
Windermere Real Estate Whidbey Island
donj@windermere.com
360-672-5447
thegoldenrulerealtor.com
Facebook.com/thegoldenrulerealtor
Instragram.com/thegoldenrulerealtor

Posted on April 23, 2018 at 6:26 pm
Don Jaques, Jr | Category: Churches in Oak Harbor, Uncategorized | Tagged , , , , ,

Churches in Oak Harbor – Living Faith Christian Center

Churches in Oak Harbor is a series of blog posts and video interviews of pastors.  In this episode I interview Living Faith Christian Center Pastor David Jenkins.

Pastor Jenkins has led Living Faith Christian Center with his wife Linda for 26 years (that’s 1992 when the internet was barely born!)  He shares about the culture of Living Faith, which includes robust worship music, a direct preaching style, and a loving, including community of people.  I hope you enjoy the interview.

Living Faith Christian Center holds its weekly worship service at 10:00am until noon, with programs for children.

To learn more about Living Faith Christian Center in Oak Harbor go to www.lfccoh.org  You can find them 551 NE Midway Blvd, Suite 4 a couple doors down from the Dollar Store.

LIving Faith Christian Center map and directions churches in oak harbor don jaques thegoldenrulerealtor

Want information about another church in Oak Harbor but don’t want to wait for a video?
Let my 15 years of pastoral work here and personal relationships with the pastors help you narrow your search.  It’s not about sending you to MY favorite church, but helping you find YOUR favorite (kind of like searching for a home!) Contact me directly or speed up the process with this REQUEST FOR HELP.

VIEW OTHER CHURCHES IN OAK HARBOR

Don Jaques
Windermere Real Estate Whidbey Island
donj@windermere.com
360-672-5447
thegoldenrulerealtor.com
Facebook.com/thegoldenrulerealtor
Instragram.com/thegoldenrulerealtor

Posted on April 11, 2018 at 3:28 pm
Don Jaques, Jr | Category: Churches in Oak Harbor, Uncategorized | Tagged , , , , ,