Well we survived yet another cold and windy Halloween. We sure are feeling sorry for the teachers today with all the kids on a sugar low. That's not the only low that went on this week.
The fact that interest rates went down yesterday is a great sign for all buyers who have adjustable rate mortgages that are soon to be readjusted. Hopefully the mortgage rates will soon follow and be reduced a bit. So far this has not happened, Interest rates are hovering around 6.25%. FHA is looking at doing a zero down loan also. That should happen pretty soon, we'll keep you informed.
Hope you all had a great Halloween!
Take Care
-Mary and Kari
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