Tuesday, June 10, 2008

Interest Rate Cut?

A sluggish economy and a spike in foreclosures suggest an interest-rate cut is in order, but a weak currency and creeping inflation suggest a rate hike is in order (rate increases make a currency more attractive vis-à-vis other currencies). What is the Federal Reserve to do?

Clues will be forthcoming in the Fed's Beige Book, to be released on Wednesday. It will likely prove that the Fed's greater concern is inflation, but that could easily change if Friday's consumer price index shows consumer prices rising at an intolerable rate.

Either way, borrowers can expect a spike in rate volatility. Gaming interest rates – an already difficult endeavor – will become that much more difficult in coming weeks. Bankrate.com's survey showed that mortgage rates increased across the board through most of last week, but the survey was released before Friday's employment report, which could just as easily drop rates this week.

So what's the longer-term rate trend that's likely to emerge? Unfortunately, it's impossible to tell at this point because of the schizophrenia of recent economic data releases.

Eric P. Egeland
RE/MAX United
847.337.7090
HomesInBG.com

Thursday, June 5, 2008

Just Listed in Old Farm Village


Eric P. Egeland | RE/MAX UNITED | 847.337.7090


136 Copperwood Dr., Buffalo Grove, IL
Just Listed!! Premium lot in Old Farm Village.
3BR/2.5BA Single Family House

offered at $460,000
Year Built 1987
Sq Footage Unspecified
Bedrooms 3
Bathrooms 2 full, 1 partial
Floors Unspecified
Parking 2 Car garage
Lot Size 9,583 sqft
HOA/Maint $0 per month

DESCRIPTION

Premium lot in sought after Old Farm Village. Property backs up to Westchester Park & Bike path. Professionally landscaped yard. These original owners have done all the hardwork for the next owner...New in '03-'05: Roof, Air, Furnace, 2nd Flr. windows, window treatments, water heater, sump pump, slider doors to patio, patio extension, light fixtures, can lights, fridge, upstairs carpet, master bath. Top rated schools district, Stevenson HS


Eric P. Egeland

RE/MAX UNITED

847.337.7090

HomesInBG.com





see additional photos below
PROPERTY FEATURES


































Central A/CCentral heatFireplace
High/Vaulted ceilingWalk-in closetTile floor
Family roomLiving roomBonus/Rec room
Dining roomRefrigeratorStove/Oven
AtticBasementWasher
DryerLaundry area - insideBalcony, Deck, or Patio
Yard


COMMUNITY FEATURES




Playground


ADDITIONAL PHOTOS

Seller contact info:





Eric P. Egeland
RE/MAX UNITED
847.337.7090
For sale by agent/broker

powered by postlets Equal Opportunity Housing
Posted: Jun 2, 2008, 11:08am PDT




Eric P. Egeland

RE/MAX UNITED

847.337.7090

HomesInBG.com