How to lower mortgage rate when buying a house?? | West Portland Housing Market Update

1. West Portland Oregon Housing Market update. 2. Here’s a great way to lower mortgage rates when you’re buying a house. Make sure to negotiate seller credit that can go toward buying down the mortgage rate. Either temporary or permanent rate buy down can save you hundreds of dollars every month for home buyers. Since the high mortgage rate is the biggest challenge in the current real estate market in 2025 and (more likely to continue in 2026), if you don’t use this tactic, you can lose a lot, especially paying more on the interest of the loan than necessary. Some may think that seller credit toward the buyers rate by down only benefits the homebuyers, however, the reality is the rate buydown can benefit the home sellers as well. It’s because by giving rate buydown seller credit, the seller can increase the exposure of their listings to more homebuyers. Because it allows more homebuyers to be able to afford higher purchase price. Call Shawn Yu today at 503-515-4499 for selling and home buying strategy that can work for both sellers and buyers! (Five star real estate agent 2015-2025, Principal Broker at Shawn Realty) A local lender, Evan Swanson (503-488-1808, Guild Mortgage NMLS#120856, senior loan officer and Certified financial planner) and I covered extensively about this home affordability solution for the Portland Metro market clients Using the medium price for our market at the current interest rate. All numbers are estimated and it may vary depending on individuals credit score, down payment, specific property … The conversation was based on 5% down payment with average property taxes and insurance rates. Please consult with local lenders for your specific situation and qualifications as well as detailed numbers. English youtube.com/@ShawnRealty 한국어 youtube.com/@korean-realtor Let's talk! Shawn Yu @Shawn Realty: Direct 503-515-4499 | Email Shawn@shawn-realty.com | Web https://shawn-realty.com Shawn Realty is a local real estate company, located in Portland Oregon.