WAITING ON RATES? READ THIS

If you are a buyer that is on the fence thinking rates will drop even more..... I'd like to show you this .....

175,000 mortgage 200,000 mortgage
$993.63 a month 5.5% 1135.58 a month
979.95 a month 5.375% 1119.94 a month
966.36 a month 5.25% 1104.41 a month
952.85 a month 5.125% 1088.97 a month
In other words approximatley 14 to 15 bucks a month is what an .125 rate drop does for your payment. And with signs pointing towards a spring/summer pick up and the possibility that prices might rise a bit. Can you afford to wait?

This is from a blog by Michael Russell in Overland Park Kansas.

Here's another quote. This is from Drew Matus, an economist for Lehman Bros. The decline in sales is "a function of both hesitant buyers and stubborn sellers. Potential buyers are sitting on the sidelines waiting for home prices to bottom and for financint to become more attractive. At the same time some sellers are hesitant to lower their offering price."

Don't be the hesitant buyer or the stubborn seller. Two Full-Time Realtors are ready to help you with your real estate purchase or sale in the Des Moines, South East Polk area.

Bob 979-2883 Bill 770-2455