I am not trying to promote Zillow Mortgage but I like their tool. To the left you will see the widget that shows the national interest rates and you can click between a 3 month, 1 week or 1 day view of three different loans programs. So I clicked on the one day view and it was quite erratic.
I started to post a screen cap of the interest rate volitility for the day but remembered that it was a national rate. So I clicked to find Oregon’s rate. The above graph popped up that compares Oregon to the nation. While the national rate was crazy, we were stable until about 10 minutes ago.
Overall rates are down to where they were 3 months ago but it had jumped about .45 in between. I know some people were frustrated that rates were going up and considered sitting on the sidelines. I don’t know if that held true. If rates come down and oil continues to drop, will more people move forward and buy?
One thought on “Interest Rates Are Interesting”