Interest rates went UP?!?

This daily fluxuation is killing me! I never paid so much attention to the mortgage interest rates until the last 6 months. I watched 700 Club Monday when I was on the treadmill and couldn't believe they were saying the words "depression" and "recession". UGH. Nothing like scaring everyone into their cave so they won't buy a home AT ALL this year!

Why don't they talk about how low the interest rates are comparatively? To get a mortgage interest rate in the 5's has been a rare thing the last 15 years that I have been in real estate. It is a GOOD THING! Every buyer should be jumping on board! (Unless they have lost their job, of course.) *sigh*

On a good note, we had 22 groups through the model home office this last week at Greenbrier Meadows out here in beautiful, quiet West Eugene, OR. So they are looking... but will they buy? Seems like all the home buyers are relocation people.

Hope everyone else has smooth sailing. These rough waters are making me sea sick! =)~

D'arcy Usher Martin, Eugene, Oregon