Posted by Bob De Tray

Rates for a 30 year fixed rate mortgage are 6.125% today.   Speculation is that the FED won't be dropping rates soon and that we may see rates increase in the short term. 

The KC housing market remains sluggish.  And there are plenty of very good buys out there right now.  

Historically, 2007 included, January is a great month in Real Estate.  Lots of inventory will come off the shelves.  With less to choose from, buyers wont be as able to make the deals that they can right now. There are lots of sellers who would be happy to put a deal together today rather than run the risk of more months on the market.  This is the first true buyer's market I've seen in the last 20 years. So get going.