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Tuesday, April 6, 2010

We May Have Reached A Turning Point!

Here's how I see it.  I think home prices have bottomed out and are stable. I also think we could expect a very slight improvement in prices over this summer.

What I do know is that interest rates are creeping up, about 5.125% today, due to the Fed. pulling out of the mortgage backed security market. Will they continue to creep...I don't know.

If you are a first time buyer or a current buyer, those tax credits are available if you are under contract by the end of this month and close by the end of June.

I guess what I'm saying is now might be the time to buy or refinance before this historic moment fades.

Guy.
Posted by Guy M. Petit-Clerc at 10:51 AM