Time to Jump off the Fence

The attached article (Mortgage Rates Surge in Recent Weeks) posted on my blog may be enough motivation to buy a home (If you are in the market). Rates will not go lower, although I believe in most of our local markets home prices will still drop a bit. It really depends on the location. The closer you are to the hub of Bellevue and Seattle I am seeing strong sales activity and less inventory. As you get further from the hubs inventory levels are still high and pricing your home to match the market is critical.