Interest Rate Update

30 Year Fixed up to $417,000	4.125% to 4.50%
30 Year Fixed "Agency" up to $625,500	4.375% to 4.625%
30 Year Fixed FHA up to $417,000	3.75% to 4.25%
30 Year Fixed FHA "Jumbo" up to $729,500	3.875% to 4.25%

Interest Rate Update

Interest rates have eased down a tiny bit over the last few weeks. Some "experts" say rates could dip down again for a short period of time to keep the housing market moving.

Orange County Register

The Orange County Register is back singing the praises of real estate. In the Business Section of the January 15th paper is a front page article titled "Housing Marches Upward". In the arti-cle it states that the median priced home in Orange County has rebounded nicely and is now at $570,000. The article goes on to say the 2013 saw a 21.4 jump in appreciation. We are all well aware of the lack of inventory also. Positive articles like this will only help motivate buyers and sellers which is good news for all of us.

How Does This Affect You ?

I keep hearing that the next 7 to 10 years will be very good for real estate. Based on the historic cycles I would tend to agree. Rates are below normal and should remain fairly low for most of this year at least. So make sure to have some articles and information available for clients that show the medias continued positive tone towards buying a home. Some people I have spoken to seem to want to wait for prices to stabilize. That could be a mistake if prices keep going up and we all know that at some point interest rates will ease up also.