Deb Tebbs Group

Cascade Sotheby's International Realty

Is it time to Purchase a Second Home?

The interest rates remain low for mortgages and it looks as though it may stay that was for awhile. For two months now the 30-year fixed rate mortgage has been below 4 percent and  the 15-year fixed-rate mortgage was down to 3.24 percent at the end of January.
These interest rates are just in time; as millions of baby boomers  prepare to retire and many are predicted to enter the vacation home market. These buyers are purchasing second homes now while prices are low in anticipation of retirement.
Buying a second home in today’s market is a smart investment, especially if you are considering retirement in the foreseeable future. When purchasing a home for retirement make sure to carefully assess desired location and lifestyle. If you are active, Central Oregon the ideal outdoor playground for all ages and has 300+ days on sunshine per year. In addition Bend, Oregon has a variety of gated and golf communities perfect for a luxurious, leisurely lifestyle.

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