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Last week was fantastic to buy a home, this week is still fantastic, but a little bit more expensive... if you are still thinking about....may be late for you to have a good deal....don't wait buy now...

Consider a typical home that sells here in Bozeman for $250,000. You put down 20% and get a 30-year fixed-rate mortgage at today's rate of 5.5%. Monthly principal and interest come to $1,135.58.

Let's say that 12 months from now the same house goes for 10% less, or $225,000. But by then the recession is history and the Fed is jacking up rates to stem inflation. If mortgage costs rise a point, to 6.5%, your monthly payment would be $1,137.72 and you'd have saved nothing. Meanwhile, home prices might steady and sellers might become less willing to negotiate.

And you have spent a year living someplace you'd rather not be.

Think about it, but don't think to much!! rates are up today...