Well to those in the industry it was only a matter of time till that one of the greatest incentives to buy right now is slipping away. That's right, Low Interest Rates! Unfortunately we are seeing interest rates on the rise again and where they will stop is anyoneguess. I have had many lenders inform me they would not be surprised if rates were above 7% to 8% this time next year.

Now if you do not know the golden rule, here you go. It is the 1 to 10 ratio.This means for every 1 point interest rates go up, you lose 10% of buying power.

Example- Lets say you were qualified to buy a $150,000 house right now at 6% interest.  If and when rates go up, say to 7%, you will only qualify for a $135,000 at the same payment as the $150,000 house. (Bummer isn't it!)

So if you are a Real Estate professional reading this blog, this is a great way to motivate potential clients or those who are SITTING ON THE FENCE.

Whether you are new, visiting, or looking for something to do in Midland, YOU ARE IN LUCK! When i was a young kid growing up in Midland, I would always here everyone complaining that there is nothing to do in town. Well I am here to inform you that there is plenty to do and that you just have to look.

When i lived in Colorado i was an avid mountain biker. I loved the sport and missed it dearly once I moved to Midland. For eight years I was completely unaware of the rigorous mountain biking Mid-Michigan offered around the area. It was right in front of my face the whole time and I never knew! I didn't even think about inquiring about mountain biking in Mid-Michigan!

There are many others with stories like mine. Whether it is exercising on the rail trail, rock climbing in the community center, watching a play at the Midland Center For The Arts, volunteering for United Way or joining one of Midland's many softball teams, there is plenty to do in Midland. So if you ever find yourself bored or looking for something to do, ask your self, "What can I do today".