The Bains

With 30 year mortgage rates at 4.78%, that is the lowest since Freddie Mac started tracking rates
in the 1970s. Adjustable rates were 4.7% or not much of a difference. More pending sales from
February and March 2008, indicating that buyers think now is a good time to buy a house. If
inventory goes down to below 8 months, we are on a sustainable recovery. Realtors, etc. are
seeing more folks at open houses & multiple bids on some particularly desirable properties. Buyers
will bid as they perceive the market is near or AT BOTTOM. Largest gain in the South.