Portland's Home Values - What's Ahead

Happy Holidays!

Burr…  It’s cold outside.

Home sales in the Portland Area have cooled slightly for the winter, but for the year have rebounded with a 16% rise in the number of homes sold, reduced market times to sell by more than 25%, and a 13.5% increase in the average sales price of a home.  These are high marks, and Portland is ranking very well among turnaround cities.  Nationally, home prices have risen about 10% this year. 

What’s Ahead

Through the past year, a sense of urgency drove home buyers taking advantage of still-affordable home prices and historically low mortgage rates.  These home buyers were faced with a limited supply of homes for sale, and were often forced into bidding with investors and other buyers who paid with cash.  “Cash” buyers represented almost a third of home sales in 2013!  Sellers were rewarded with quick sales, often above their asking prices.  Market reports that I follow seem to agree that home prices will rise in 2014, but at a slower, more steady pace between 3% to 5%.  An interesting find reported by Kiplinger Business Forecasts says the percentage of consumers who intend to buy a home in the next six months is the highest since the year 2000.  Adding to this push is a pent-up demand among younger adults paying premium rents.  Can you believe studio and one-bedroom apartments located in the various hipster Portland neighborhoods run between $1,250 - $1,500 a month (some even higher)?

How are homes selling in your neighborhood?  Well, over the past year Portland’s leading area was inner-SE with an impressive 16.2% increase in the average price of a home.  A close runner up was North Portland with a 15% increase, followed by the inner-NE neighborhoods at 13.2%.  Area’s on the Westside including Beaverton and Aloha that had a larger share of distressed bank-owned and short-sale properties beat Portland’s best with a 17.8% average price increase.

Mortgage interest rates are about 4.5% and projected to be closer to 5% in 2014.

Hope your holidays are wonderful.  Stay warm, but get outside and have some fun!

Please call me when it’s time to buy or sell a home.  I’ll work hard for you.

Darin Provost, Broker

Vintage Real Estate

503-784-7626

Hello Winter

Don’t be fooled, the holiday season and wet winter months are often considered the worst time of year to buy or sell a home.  In reality, these distraction-packed months – November to February – carry benefits for determined buyers and sellers.  

Click Here and read my summary to see how this can benefit you.  

In Summary:

The good news continues as we head into the holiday season.  Portland’s real estate market rebounded this year with an 18% rise in the number of homes sold, reduced market times to sell by almost 40%, and a 14% increase in the average sales price of a home.  These are high marks, and Portland is ranking very well among turnaround cities.  Nationally, home prices have risen about 10% this year. 

What can we expect in the next few months?  Rain.  Certainly, but also a great time for determined home buyers and sellers.  Here are some things to think about:

• A seller listing their home for sale in the wet winter months is committed to selling.  They understand what they’re up against, and have decided to go for it in what is traditionally a stronger buyer’s market.  Buyer’s who brave the wet winter months are also committed to their task.  These buyer’s typically “need” to find a new home. 

• A buyer could join the “herd” of buyers who are active during the traditional “good weather” months – and this competition for properties can mean buyers pay more, lose out on good-value listings, and receive less attention from swamped real estate agents and mortgage help.

• Buying a home in the wet winter months can tell you a lot about what to expect from a property.  Visit a house during a hard rain and you’ll see for yourself.  Drive by houses after a fresh snowfall and discover which are well insulated (snow on roof) and which are losing costly heat (no snow on roof).  Tour a house on a very windy day and discover how drafty those old windows and doors can be.  Or spend some time in a house on a cold day and study how well it heats up everywhere, or not.

Almost everywhere, home sales through the year have been their best since 2006.  Lawrence Yun, Chief Economist for the National Association of Realtors has said a multiyear housing recovery is also likely.  “Steady job creation and household formation have been helping to unleash a pent-up demand in the housing market,” he said.  “A continued housing shortage will prime home prices even higher, by as much as an additional 13 percent in 2014.”

Mortgage interest rates are between 4.25% – 4.5%.

Hope your holidays are fantastic! 

Please call me when it’s time to buy or sell a home.  I’ll work hard for you.

Darin Provost, Broker

Vintage Real Estate

503-784-7626

A Terrific Summer for Portland's Real Estate Market

Home sales this past summer were at their best for Portland since 2006.  The average price of a Portland home rose slightly more than 14% this year, and the number of homes sold increased 44% from when the market bottomed out in 2010.

Click Here and read my summary to see how this can benefit you.

In Summary:

Portland’s real estate market cooled slightly in August as people were likely pursuing other summer adventures.  Home sales through the year however have been their best since 2006.  Lawarance Yun, chief economist for the National Association of Realtors has said a multiyear housing recovery is also likely.  “Steady job creation and household formation have been helping to unleash a pent-up demand in the housing market,” he said.  “A continued housing shortage will prime home prices even higher, buy as much as an additional 13 percent in 2014.” 

Investment home sales in Portland also jumped to elevated levels in 2012 and are holding up this year.  I have one duplex listing in NE Portland that has so far received 6 offers, a few of which came from California cash buyers.  Many California metros are ranking at the top for turnaround cities which has historically had a strong influence on overall housing trends.

How are things selling in your neighborhood?

Close-in neighborhoods in NE and SE Portland continue to be hot zones with houses selling quickly and often with multiple offers.  These areas have experienced the greatest share of home sales in price increases above 15%.

Area’s in SW and NW Portland, Beaverton, Aloha and Hillsboro are also selling quickly.  These areas have had a larger share of distressed bank-owned and short-sale properties selling at lower prices.  Average prices have risen between 9% - 14% with Lake Oswego, West Linn and Beaverton leading the bunch.

Area’s outside of Portland including Gresham, Troutdale, Oregon City and Milwaukie are seeing prices rise between 9% - 10%.

Mortgage interest rates are between 4.5% - 5%.

Hope your summer was fantastic!  September and October are also great months to enjoy the outdoors.  Make it a great adventure…

Please call me when it’s time to buy or sell a home.  I’ll work hard for you.

Darin Provost, Broker

Vintage Real Estate

503-784-7626

A Sunny Forecast for Real Estate in Portland

It has been sunny indeed for real estate in the Portland metro area.  The most compelling news remains with a 14% rise in the average sales price of a Portland home this year.  The number of Portland homes sold has also increased 40% from when the market bottomed-out in 2010.

Click here and read my summary to see how this may benefit you.

In Summary:

The housing market in Portland is accelerating faster than most other major cities.  Portland ranks No. 8 of “turnaround cities” according to the Oregonian.  Nationally, home prices have risen 10% this year.  Many California metros are ranking at the top which has historically had a strong influence on overall housing trends.  Home buyers have returned to the market with determination, which combined with very few homes for sale, has put an upward pressure on home prices.

This graph displays the rise and fall in home prices between 2004 and today.  The average sales price of a Portland home is currently 28% higher than it was in 2004, and takes into account the fallout in pricing between 2007-2012.  This is great news for long-term homeowners and testimony to the rewards of home ownership over the years.  An average priced home of $255,000 in 2004 would be worth about $327,000 today!

Close-in neighborhoods in NE and SE Portland continue to be hot zones with houses selling quickly and often with multiple offers.  These areas have experienced the greatest share of home sales and price increases of almost 15%.

Area’s in SW and NW Portland, Beaverton, Aloha and Hillsboro are also selling quickly.  These areas have had a larger share of distressed bank-owned and short-sale properties selling at lower prices.  Average prices have risen between 12% - 13%.

Area’s outside of Portland including Gresham, Troutdale, Oregon City and Milwaukie are also seeing prices rise between 8% - 9%.

Interest rates are about 4.5%.

Please call me when it’s time to buy or sell a home.  I’ll work hard for you.

Darin Provost, Broker

Vintage Real Estate

503-784-7626

Slightly Cooler Temperatures for Portland

June brought us slightly cooler temperatures in the real estate market for Portland.  However, through the year home sales are up 17% from 2012 and the average price of a Portland house up 14%!  The slight cooling is positive news as the market was moving too fast to sustain a healthy position.  There is currently 2.9 months of unsold inventory in the Portland Metro Area – a slight increase from last month.

Click here and read my summary to see how this may benefit you.

In Summary:

The most compelling news remains with a 14% rise in the average and median sales price of a Portland home this year.  This increase compares to a low-point in home prices last year, though represents a solid rebound from the end of the housing market downturn.  Home buyers have returned to the market with confidence and determination, which combined with very few homes for sale, has put an upward pressure on home prices.  This could be the right time to sell your house if you’ve been waiting to sell it quickly at a better price. 

This graph displays the rise and fall in home prices between 2004 and today.  The average sales price of a Portland home is currently 35% higher than it was in 2004, and takes into account the fallout in pricing between 2007-2012.  This is great news for long-term homeowners and testimony to the rewards of home ownership over the years.  An average priced home of $235,000 in 2004 would be worth about $315,000 today.  It’s hard to save that kind of money otherwise!         

Close-in neighborhoods within North, Northeast, and Southeast Portland continue to be hot zones with houses selling quickly and often with multiple offers.  Inner-SE and NE Portland have experienced the greatest share of homes sales and price increases.   

Southwest and Northwest Portland, Beaverton, Aloha, and Hillsboro are also selling quickly.  These areas have held a larger share of the distressed bank-owned and short-sale properties selling at lower prices. 

Area’s more rural East and Southeast of Portland like Gresham, Troutdale, Oregon City, and Milwaukie are also seeing prices rise between 6%-8%.

Interest Rates rose this past month to about 4.5%. 

Please call me if it’s time to buy or sell a home.  I’ll work hard for you.

Darin Provost, Broker

Vintage Real Estate

503-784-7626

Portland's Real Estate Market Is On Fire

Portland’s real estate market is on fire.  This is no hype…  The price of a home continues to rise while the inventory of homes for sale remains at historic lows.  There is just 2.5 months of unsold inventory in the Portland Metro Area.  If you’re looking to buy in close-in neighborhoods of SE or NE Portland, expect to compete with multiple offers.  

Click Here and read my summary to see how this can benefit you.  

In Summary:

The most compelling news is a 15% rise in the average and median sales price of a Portland home this year.  This increase compares to a low-point in home prices last year, though represents a solid rebound from the end of the housing market downturn.  Home buyers have returned to the market with confidence and determination, which combined with very few homes for sale, has put an upward pressure on home prices.  This could be the right time to sell your house if you've been waiting to sell it quickly at a better price. 

This graph displays the rise and fall in home prices between 2004 and today.  The average sales price of a Portland home is currently 35% higher than it was in 2004, and takes into account the fallout in pricing between 2007-2012.  This is great news for long-term homeowners and testimony to the rewards of home ownership over the years.  An average priced home of $235,000 in 2004 would be worth over $315,000 today.  It’s hard to save that kind of money otherwise!

Close-in neighborhoods within North, Northeast, and Southeast Portland continue to be hot zones with houses selling quickly and often with multiple offers.  Inner-SE and NE Portland have experienced the greatest share of home sales and price increases.

Southwest and Northwest Portland, Beaverton, Aloha, and Hillsboro are also selling quickly.  These areas have held a larger share of the distressed bank-owned and short-sale properties selling at lower prices. 

Area’s more rural East and Southeast of Portland like Gresham, Troutdale, Oregon City, and Milwaukie are also seeing prices rise between 6%-8%.

Interest Rates are about 4%. 

Please call me if it’s time to buy or sell a home.  I’ll work hard for you.

Darin Provost, Broker

Vintage Real Estate

503-784-7626

And call Steven Welch with Northwest Mortgage Group at 503-805-6810 if you think it’s time to refinance or buy.  You’ll be very happy with Steven’s experience and commitment to serving his clients.

Portland's Real Estate Market Continues To Have A Strong Year

Portland’s real estate market continues to have a strong year. Home prices continue to rise while the inventory of homes for sale remains at historic lows.

Click Here and read my summary to see how this can benefit you.  

In Summary:

The most compelling news is a 15.3% rise in the average sales price of a Portland home this year.  This increase compares to a low-point in home prices last year, though represents a solid rebound from what may be the end of the housing market downturn.  Home buyers have returned to the market with confidence and determination, which combined with very few homes for sale, has put an upward pressure on home prices.  This could be the right time to sell your house. 

 This graph displays the rise and fall in home prices between 2004 and today.  The average sales price of a Portland home is currently 30% higher than it was in 2004, and takes into account the fallout in pricing between 2007-2012.  This is great news for long-term homeowners and testimony to the rewards of home ownership over the years.  An average priced home of $235,000 in 2004 would be worth over $302,000 today.  It’s hard to save that kind of money otherwise!         

Close-in neighborhoods within North, Northeast, and Southeast Portland continue to be hot zones with houses selling quickly and often with multiple offers.  Inner-SE and NE Portland have experienced the greatest share of price increases.   

Southwest and Northwest Portland, Beaverton, Aloha, and Hillsboro are also selling quickly.  These areas have held a larger share of the distressed bank-owned and short-sale properties selling at lower prices. 

Area’s more rural East and Southeast of Portland like Gresham, Troutdale, Oregon City, and Milwaukie are selling at a slower pace but increased in price by 3-5% this past year.

Interest Rates are still under 4%. 

Please call me if it’s time to buy or sell a home.  I’ll work hard for you.

Darin Provost, Broker

Vintage Real Estate

503-784-7626

And call Steven Welch with Northwest Mortgage Group at 503-805-6810 if you think it’s time to refinance or buy.  You’ll be very happy with Steven’s experience and commitment to serving his clients.

Portland's Housing Market Is Buzzing Again

Portland’s real estate market continues to blossom with home sales and prices steadily increasing and the inventory of homes for sale at historic lows.

Click Here and read my summary to see how this can benefit you.  

In Summary:

Home sales peaked again in March, representing the best spring market since 2007.  The number of active homes for sale also continues at historic lows with just 3.2 months of unsold inventory in the Portland Metro Area.  This market dynamic has put an upward pressure on home prices, influenced home buyers to be more decisive, and has given quite an edge to homeowners looking to sell.

Portland-area home prices are beginning to rebound after falling by more than 30% during the housing crash.  The average sales price of a house in Portland is approximately $290,000 - an increase of just over 15% from the first quarter of last year.  The median price of a Portland house is about $247,000 – an increase of almost 17%!  The median value represents a mid-point with an equal number of houses priced above and below this number.

Close-in neighborhoods within North, Northeast, and Southeast Portland are hot zones with houses selling quickly and often with multiple offers.  Inner-SE and NE Portland have experienced the greatest share of price increases.   

Southwest and Northwest Portland, Beaverton, Aloha, and Hillsboro are also selling quickly.  These areas have held a larger share of the distressed bank-owned and short-sale properties selling at lower prices. 

Area’s more rural East and Southeast of Portland like Gresham, Troutdale, Oregon City, and Milwaukie are selling at a slower pace but increased in price by 3-5% this past year.

Interest Rates are still under 4%. 

Please call me if it’s time to buy or sell a home.  I’ll work hard for you.

Darin Provost, Broker

Vintage Real Estate

503-784-7626

And call Steven Welch with Northwest Mortgage Group at 503-805-6810 if you think it’s time to refinance or buy.  You’ll be very happy with Steven’s experience and commitment to serving his clients.

Portland's Real Estate Market Remains Active

Portland’s real estate market remains active.  There is much talk about the “tight” inventory of homes for sale, rising home prices, and homes selling quickly that are located well.  Seriously… 

Click Here for some Portland Real Estate Statistics produced by our Multiple Listing Service. 

In Summary:

The number of homes sold in February had peaked again, representing the best February since 2008.  The number of active homes for sale also continues at historic lows with just 4.5 months of unsold inventory in the Portland Metro Area.  This low inventory has been challenging for home buyers having to compete for homes, but overall is positive news for Portland’s real estate market as buyers have become more decisive, home sellers can SELL their houses, and home prices have risen given the competing market.

The average sales price of a house in Portland is approximately $282,000 - an increase of almost 6% over the past year.  The median price of a Portland house is about $255,000 – an increase of 8.5%!  The median value represents a mid-point with an equal number of houses priced above and below this number.

Close-in neighborhoods within North, Northeast, and Southeast Portland are hot zones with houses selling quickly and often with multiple offers. 

Southwest and Northwest Portland, Beaverton, Aloha, and Hillsboro are also selling quickly.  These areas have held a larger share of the distressed bank-owned and short-sale properties selling at lower prices. 

Area’s more rural East and Southeast of Portland like Gresham, Troutdale, Oregon City, and Milwaukie are selling at a slower pace but increased in price by 3-5% this past year.

Interest Rates are still under 4%.  These affordable rates won’t last forever, but will be remembered for a long time. 

Please call me if it’s time to buy or sell a home.  I’ll work hard for you.

Darin Provost, Broker

Vintage Real Estate

503-784-7626

And call Steven Welch with Northwest Mortgage Group at 503-805-6810 if you think it’s time to refinance or buy.

Portland Home Values - A Great Start for 2013

Portland’s winter weather this year has been mild, keeping the real estate market active.  There is much talk about the “tight” inventory of homes for sale, rising home values, and homes that are located-well selling quickly.

Click here for some Portland Real Estate Statistics produced by our Multiple Listing Service. 

In summary:

There is currently 4.7 months of inventory for sale - about 6,400 homes in the Portland Metro Area.  This is positive news as the number of homes For Sale is at historic lows and convincing home buyers to be decisive.  This could be the right time to sell your home.

The average sales price of a home in Portland is currently $288,000 - an increase of 5.4% over the past year.  The median price of a Portland home is $248,000 – an increase of 7.3%!  The median value represents a mid-point with an equal number of homes priced above and below this number.

Be sure to look at the Average and Median Sale Price Graph on page 5 of the link.  This graph displays the rise and fall in home prices between 2004 and today.  The average sale price of a Portland home is currently 30% higher than it was in 2004, and this takes into account the fallout in pricing between 2007-2012.  This is great news for long-term homeowners and testimony to the rewards of home ownership over the years.  A $200,000 home bought in 2004 could be worth $260,000 today based on this average sale price increase.  It’s hard to save that kind of money otherwise!         

Interest Rates are still under 4%.  These affordable rates won’t last forever, but will be remembered for a long time. 

Please call me if it’s time to buy or sell a home.  I’ll work hard for you.

Darin

503-784-7626

Happy Client Testimonials

When I decided to downsize, Darin helped me to accomplish what seemed impossible in a slow market; my house was sold and I was in an adorable new home in under three months!

-- Elizabeth Bird

I have never had a Real-estate agent work as hard as Darin did to find the perfect house for me. Not only did I get a "Larry house", I found Darin to be a very honest person with a great deal of  passion for his work… and after a few trips to Starbucks with him I discovered Darin also had a passion for Breve Latte's that matched my own! -- Larry Ginn

Darin helped me purchase my first home in Portland.  At that time it was a seller's market and he watched out for me to make sure I got what I needed.   Later when I was getting ready to purchase another home, there was no question about who I wanted to represent me.  Darin is a professional expert when it comes to real estate.  I highly recommend him.   When I get ready to buy another home, Darin will be my realtor! -- Jim Baker

Sure and prompt sales in a good market are common; Darin's combination of professionalism, affability, and strong work ethic promptly sold my property in a challenging, soft market at a return I was quite pleased with.  Moreover, too many brokers and companies expend more energy promoting themselves as much or more than the properties they sell . . . not the case with Darin and Hasson Realtors -- they marketed my property with a comprehensive and detailed knowledge, assuring potential buyers their questions were answered clear and certain. -- Phil Smith

My husband and I felt extremely lucky to have found Darin as our realtor.  He went beyond all our expectations and surprised us with a high degree of commitment, attention to detail and personal dedication.  Our deal went through so smoothly that it left us with a great sense of closure. -- Brian & Noemie Young-Studer

Having bought and sold real estate in Alaska, Oregon, California, and Nevada over the last 27 years, I have dealt with many agents and brokers, but Darin has been the best of all.  From the first day I spoke to Darin he was professional, knowledgeable, helpful, and his advice helped me greatly.  Darin tells the truth and his opinions are sound.  He was always there when I needed him.  But the best thing about Darin is that he became a friend. -- Jeff & Ellen Fancy

We worked with several Realtors before meeting Darin and he was hands down the BEST! We live out-of-state and purchased a property in Oregon. Darin led us smoothly through the transaction and we were able to close in less than 30 days.  Darin is very knowledgeable, he has great communication skills and most of all he is honest and reliable.  We'll definitely use him again for future purchases and we would refer him to anyone without hesitation. -- Jason & Joyce Dahners

You did a great job for me and went out of your way to help my property sell.  You were available every step of the way to answer any questions or accommodate any requests, and you even helped paint and clean my condo up to make it more attractive!  I would recommend you to anyone who is looking to buy or sell a property.   Feel free to use me as a reference any time. -- Mike Fazzolari

Our realtor Darin was an angel in a very sad time as we were in need of speed to find and move our daughter. Well, he helped in so many ways, was so kind. He is on the ball at every turn --thinks of things only he would know of. We felt very blessed to know this young man and to have his help. If and when we sell that property he will be the man for us. I would be happy to spread the word for him, he will treat you as if you were his family -- Mel and Lynda Chaufty

I must have been the smartest man alive to start a business in real estate 8 years ago.  (I say in jest.)  My career started off with a bang.  Back in 2004 and 2005 Portland home values rose just over 35 percent!  Every home listed sold within a month.  Buyer’s kept my phone ringing so much I wore one of those silly blue blinking ear devises as I darted through the office, restaurants, the gym, and even outside on my mountain bike or in route to kayak.  How comical in hindsight.  Where is that ear-piece now? 

Well, at everyone’s surprise things changed quickly in 2006 as the media drew massive attention to the bursting of the housing bubble.  This attention helped put a panic in the market as buyers drew weary and it seemed “everyone” wanted to put their house up For Sale with hopes of cashing out big returns.  Below is my brief highlight of the changes experienced in the years after 2004-05 I’ll call the “7-year Itch”:

2006 – The media’s relentless attack on the housing market crash…a national phenomenon.  Home buying slowed substantially as consumers drew weary of things to come.  The inventory of homes For Sale grew substantially as home owners and property investors tried to cash out with inflated home prices.  It was growing clear to everyone that home prices were too high.  Portland’s housing bubble began to deflate... notably a year after other US cities.

2007 – A continued rise in the number of over-priced homes placed up for sale.  Property investors disappeared and traditional home buyers drew increasingly wearing of pricing.  I believe at this time there was still denial by home sellers and people working in the industry that this draw-down would continue.

2008 – The inventory of homes placed up for sale peaked at over 18,000 homes in the Portland Metro area.  This was 3 times the inventory of homes For Sale back in 2004-05, and it seemed everything was overpriced.  The few home buyers that remained wanted to see 40 – 60 homes before making a decision.  I ditched the ear-piece!  Home buying was down over 60%.  A real fun time to be a real estate broker…  I had doubts of being the smartest man alive.

2009 – Home buying bottomed out.  Portland experienced a very cold and snowy winter that helped put the brakes on home buying.  On the bright side, the volume of homes placed up For Sale declined.  On the downside, this inventory was largely made up of distressed homes for sale at reduced prices (i.e. short-sales and foreclosures).  Homes sold at BIG discounts from original inflated asking prices.

2010 – Portland’s housing market was bloated with inventory including distressed homes.  Home sales were flat in all price ranges.  Home values continued to decline.

2011 – Home values bottomed out in the winter of 2011-12.  Home values were back to median prices in 2004 with all of the housing bubble gains disappeared - a loss of over 40% in home values.  On the bright side - the inventory of homes For Sale declined rapidly including distressed properties.  This tightening of supply combined with a rise in consumer confidence started a new trend for Portland’s housing market.  Property investors returned to the market with cash purchases buying at bottomed out prices. 

2012 – Consumer confidence and interest in home buying continued to rise.  This was coupled with a rapid decline in inventory of homes For Sale.  The media remained positive on the future of the housing market and buyers began to compete for homes in popular neighborhoods with multiple offers.  Portland’s home prices rose 6.3% in median values, and 4.4% in average values.  It became apparent to many economists the housing decline had bottomed out in 2010-11.  The stock market boomed and personal wealth began to rise after a 7 year decline.

2013 – Forecast remains positive for the housing market in Portland and abroad.  The number of homes For Sale will be at an all time low with a declining inventory of distressed properties that had plagued the market.  Consumer confidence shows improvements with increased buying in most consumer goods and services.  Economic indicators including Job reports continue to improve.  Interest rates remain incredibly low.  An increased interest in home ownership and tight inventory of homes for sale is projected to raise home values further in 2013.

What a cycle it’s been.  A test of endurance and lessons learned for everyone.  It really appears things are on the up-tick and to everyone’s amazement a marathon cycle that lead from excitement, to confusion, worry, denial, acceptance, and a cautious sigh of relief. 

I appreciate the business you’ve brought me and relationships made running this marathon.  Please stay in touch and keep me in mind when it comes time to move…again. 

Darin

503-784-7626

I also have a lender you can trust.  His name is Steve Welch at Northwest Mortgage Group, Inc.  His direct number is 503-805-6810.  Interest rates remain unbelievably low around 4%!