Well, for quite some time now, you've been hearing me say that as rates continue low, it's a good time for both buyers AND sellers. Well, I'm back again with the same serenade. Rates WILL climb, most likely very late this year or early next year, once the recovery has gained some major strength. The obvious questions are, how much will they rise and when. But, in the meantime, rates are STILL low. In fact, in the weekly announcement of where the 30 and 15 year rates are, thirty years dropped this week to 4.71% Fifteens also dropped, and remain under 4%.

So, what does this mean for you? If you are thinking of buying, do two things NOW! Call your Realtor and say you want to seriously start looking--there is a home out there for you; and then, as soon as you finish talking with your agent, call your mortgage broker/lender and get pre-approved. If you don't have one, ask your agent to refer you to one. You can be in a new home by the end of June!

Sellers: more and more buyers are diving into the market and seeking their next home. Why sit on the sideline and let them pass you by? Your home may very well be the one that one of these buyers is looking for--but, if it's not on the market neither you nor they will ever know--and wouldn't that be a shame.

Need advice or guidance? Call us--we'd be glad to help! Jane is at (415) 531-4091; and Peter can be found at (415) 380-2133.