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Lower Mortgage Rates Mean You Can Spend More on Remodeling

In Portland, Oregon, mortgage rates continue to drop, which means it may be easier now to purchase your own home. Better still, spending less on the mortgage overall means you’ll have a little extra “wiggle room” to add in renovations or remodels that are important to you.
We came across an article that explains the mortgage rate drop in a bit more detail:
“According to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate average fell to 4.57 percent with an average 0.5 point…The 15-year fixed-rate average dropped to 4.04 percent with an average 0.4 point. It was 4.07 percent a week ago and 3.17 percent a year ago…Home loan rates slumped this week, because of rising concerns about tariffs on Chinese goods.”
Source: The Washington Post, via Oregon Live
​The article goes on to explain various other reasons for the decline, all of which look good to potential homebuyers. However, many of those homebuyers have a growing concern for the environment, and seek to make changes where they can also be for the betterment of the planet. What better way than renovating your home to upgrade your flooring to strand woven bamboo?
Strand woven bamboo by EcoFusion offers a dynamic construction that easily provides the most stable platform in today’s flooring industry. Still, it maintains a status as a 100% rapidly renewable resource.
We not only grow and harvest our own bamboo, but we process it as well, using 100% Moso bamboo that is harvested after five to six years of grown, for optimum strength. We add no harmful VOC’s or urea formaldehyde to our product, which comes with a 35-year transferable warranty.
What we do is take natural strands, or fibers, and infuse them with dense adhesives. They are then cold pressed into blocks, kiln dried and conditioned over the course of several months, so that they will be as stable as possible. Finally, those blocks are milled with precision to the veneers used in your flooring, which are conditioned again, specifically to meet various climates across North America.
The final strand woven bamboo product is one you should be able to find at a local retailer. Just ask for strand woven by EcoFusion.