Business & Tech
Interest rates still steady
Local Realtors discuss ways Healdsburg residents may protect their assets.
Healdsburg area Realtors this week were addressed by a local liaison with the National Association of Realtors.
NAR representatives attend the North County real estate meeting on a quarterly basis to update local Realtors on issues and trends.
They let us know that if you say it is a granite countertop, make sure it is. Do not use terms that are generic in nature but misleading, such as "Subzero refrigerator." It is a common term that we use for anything that looks like a Subzero.
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If it is not a Subzero and the buyer finds out after taking possession, that seller will be buying a nice new Subzero for that buyer.
The group also designated epresentatives to speak for the group when comes to hear our thoughts about the that will affect bed and breakfast inns in the LIA zoning area.
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“Interest rates are steady this week," said Steve Vail of High Tech Lending. "We expect rates to inch up at this point but there seems to be enough global problems that they are staying steady.
"The Fed will end purchasing mortgage securities June 1," Vail said, "which will increase rates.”
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