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Spring is in the air in Monroe, LA!

By
Industry Observer with formerly with Keller Williams Realty Parishwide Partners

OK. There's no doubt now. We were taken aback last week when the temps went down into the 30s again, but I believe that spring is here to stay in north Louisiana!

Before the last cold snap, the Japanese magnolias were very showy this year. Here's a picture of one of the area's finest on Trenton St. in West Monroe. The lawn has 2 matching trees that never fail to impress every year with their wonderful blossoms. This was taken about 2 weeks ago, so the trees are now without blooms, but already leafed out completely.

The dogwoods are spectacular this time of year, and the azaleas are beginning to show their fabulous colors. I've seen a few tulips, mostly at Biedenharn Gardens, but they're just about done. While driving from Sterlington to West Ouachita yesterday, I saw wisteria draping the trees and full of those sweet, sweet blossoms. It's a wonderful time to be outside, and to be out looking at homes!

I'm sure you've read about the mortgage interest rates. Here's an excerpt from a letter I received from one of our local lenders on Wednesday:

"The hot topic regarding the mortgage industry - the Fed will be purchasing an additional $750m - 1.25 Trillion in Mortgage Backed Securities.   The bond market is loving this news right now.   
What does this mean for you and your clients?  We are approaching the territory which yielded rates in the low 4%'s in the 15-yr and 30-yr rates in early January.  If you recall, this lasted for only a couple of days. Short term - we could see rates improve as early as this evening.  If things hold overnight with the overseas markets, we will should see much improvement in our rate sheets tomorrow.  Long Term - what goes up will eventually come down, especially in this market.   Just remember, the market is very volatile, so things can turn very quickly."

My hope is that those buyers who have been "waiting for a good rate" will wake up and smell the coffee. The time is NOW! Rates are as low as they were in the 1960's!

I'm off to show houses to someone who KNOWS this is a great time to buy a house. I'll make time for you this week if you give me a call.

Gayle Causey, 318-614-5615
GRI, ePRO, Buyer Specialist

Keller Williams Realty
Monroe, LA USA
Off: 318-812-7653

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REALTOR, Relocation Specialist
Direct: 318-614-5615
Find your house with your mouse: http://WestMornoeRealEstate or http://GayleCausey.com

Keller Williams Realty Parishwide Partners
1390 Hudson Lane, Monroe, LA USA 318-812-SOLD

Each office independently owned & operated.
Licensed in Louisiana. We Support Equal Housing Opportunity.

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