This is the lowest rates have ever been!  This rate is for a 30 year fixed with a 20% downpayment and good credit.  FHA loans with 3.5% downpayment are at 5%.  Why are you waiting??? 

If you are an investor NOW is the time to buy rentals in Portland.  The rental market is extremely strong making this a very good time to invest.  I just had a client purchase a very nice 1050 square foot 3 bedroom one bath in East County Portland for $135,000.  That’s right, just $135,000. and it didn’t need any repairs.  This home will rent for around $800. per month in a snap.

At 4.5% interest, a $100,000. loan has a principal interest payment of just $450. per month, add tax and insurance and you are at $6000. total monthly payment.