Rates Rise as Gov’t tries to sell more bonds

Spring has Sprung and shortly, there is going to be a buying demand of Sonoma County Real Estate like there is every spring. But two coinciudental things happened yesterday and today that are going to effect that.
It was reported in Money Matters that Santa Rosa Real Estate had the highest appreciation in the country over the last month…6%. Buying demand has already started. Also, interest rates rose about a .25% becuase the Gov’t is trying to sell more t’bills and people aren’t buying so they are having to make them more attractive by raising the note rates. Interest rates are rising. Do you find that coincdental? Do you also find it coincdental that gas prices go up in the spring right before the big driving season. NO I didn’t think you did. The Gov’t has also stated it isn’t going to buy any more Mortgage backed securities after March. That too will put pressure on rates. And then there is the tax credit for home purchasers, first time and old hands, that expires at the end of April. Believe me when i tell you, that now is as good a time as you may have for the next 30 years to buy that home. Think about it…5%, 30 year fixed finaincing plus 8000 dollars back to you after you close and more inventory to select from than there will ever be. Now is the time ladies and Gentlemen. You need to get preapproved for a loan BEFORE you shop for that home so go to my website and fillout the online loan application and we will have you running in mere moments. Next month will be more difficult…I assure you. Also if you want free access to the MLS drop me a line and i can set you up for FREE.