Interest Rates Forecast

Mark Zandi, a housing economist, recently addressed an assemblage of Realtors and asserted that he believes interest rates will remain low for the remainder of 2010...BUT...could start accelerating in 2011 and 2012. Deficit spending in the greatest threat to the U.S. economy, according to Zandi.

Changes in the interest rate can greatly affect "how much house" you can buy for your money. If you needed a "reason" to buy now....taking advantage of the current interest rates should be reason enough.

The Tax Credit Countdown Has Begun

Easter weekend....with glorious weather, azaleas and wisteria and bridal wreath and a host of other flowers in bloom. What a lovely time of year. But the clock is ticking - the tax credit available to first time home buyers (up to $8,000) and to current home owners (up to $6,500 for those who've been in their home at least five of the last eight years) calls for buyers having a home under contract by April 30th, 2010, and closed by June 30th, 2010.

If you'd like more details, please contact me at aduhe@vaneatonromero.com, or call me at 337-254-7812.