Buyer's Need to get Busy!!!!

Homeowners who delayed locking in super-low mortgage rates (think close to 4 percent for a 30-year fixed mortgage) may have waited too long. Rates are creeping back up, in part because of the tax-cut deal in Washington. Now those in the market to buy or refinance have to decide whether to take what’s available or wait and run the risk that rates will keep on rising. There is no doubt in my mind that rates will continue an upward trend ever it be slowly. No need to panic there is still time but the time to move is now. With the decreased property values considered the interest rates are still very attractive and payments are still very affordable on the home of your dreams.

Postive News!

As of December 3rd 2010, Factories are busier, construction spending is up, and auto sales are rising. And on Wednesday (December 1st) the stock market had its best day since September after a report that the private sector hired the most workers in three years.
The Dow Jones industrial average jumped more than 2 percent, enough to erase nearly two weeks of losses. Analysts said investors concluded that a stronger job market would support higher stock prices.
These facts are supportive of recovery underway. I also read this morning that the Luxury Home Sales Market is thawing out. There are lots of bargains to be had. People with money are starting to spend it. If you are a high end home owner who has withdrawn from the market you may want to consider reentry.