Wednesday, March 24, 2010

Look for interest rates to climb beginning in late Spring. The Federal Reserve will be stopping buying mortgage backed securities. NAR Chief Economist things there will be an increase of 30 basis points (100 basis points equals a 1 percent change). It is anticipated that home sales will not be affected as long as the economy keeps growing and jobs are created.

Tax Credit Ends Soon!

Be aware...the $8000 tax credit ends at the end of April! Get into escrow before then so that you can collect your money as a first time home buyer!

Spring is looking great for buying/selling properties! Get going now!