From published reports in a number of sources it looks like half the experts predict that long-term rates will rise in the very near future and the other half predict they won't. Many experts feel the economy is showing signs of strengthening and many say it is struggling to regain its footing. There are many in the stock market who are bullish and many who are still bears.

Who the heck knows when it comes to something as large and complex as the US economy?

What you should be aware of though, is that if rates do rise, the maximum purchase price of your dream home will be reduced. That is simply a mathematical fact.

The moral of the story is BUY NOW.

The good news is the rates have not yet gone up.

The most important good news at this exact moment is the California State Tax Credit of $10,000 for a new home construction and first time buyers. Rates are low, low. Uncle Arnold has made available a huge incentive to do it now for the first time buyers and those buying a new home.

Sounds like they want people to buy homes right now.

So do I!