Aloha Friday,

This is a big deal!  Real Estate interest rates are currently well over 5% and look to be headed higher. Job losses slowed dramatically in May, according to the latest government reading. Employers cut 345,000 jobs from their payrolls in the most recent month, down from the revised 504,000-job decline in April, and much less severe than the 520,000 jobs that economists had forecast. A recovery in the labor market is critical to a recovery in the economy, the perception of which would send Treasury prices lower.

But if you look back over time, these rates are fantastic and still well below normal which is in the range of 6.5% to 7%.  Rates are on the way up and you must get out and buy a house now or you will miss this optimum market.

With the discounted prices of homes as well as historic low rates made the past few months the best time to purchase a home ever!! We are still in that range, but only by a narrow margin.  If you have been sitting on the fence this increase in rates should help you jump off the fence and dive into this buying opportunity.

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