Spring's In The Air

Lately my dogs just can't stand to be in the house, and I know how they feel. The spring-like weather gives way to thoughts of every young man's fancy...baseball. The boys are down at spring training, and all indicators are pointing to a very good year. With the new acquisitions of Jim Thome, J.J. Hardy, and Orlando Hudson, expectations are running high. And then there is the new stadium. Boy, I just can't wait. Anyone for a game of catch?

With the government indicating that they are going to scale back or eliminate any further purchase of mortgage backed securities, I would expect interest rates to rise. How fast and how far is the issue. Currently we have rates in the high four's to low fives. A great rate by anyone's measure. Speculation is all over the map on this one. We'll have to wait and see.

Homes priced under $500,000 tend to be rising and upper end homes prices continue to fall. There just isn't the market for those homes. Again, first time buyers need to have an executed purchase agreement by the end of April to qualify for the $8000 tax credit. Call if you would like to take advantage...or if you would just like to talk. I'd love to hear from you.