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  • Green Diamond Makes Large Land Buy In Ore. - Hires Manager

    GDRC-ORG-BuyElsbreeGreen Diamond Resource Company President Douglas Reed today announced that the company has purchased approximately 600,000 acres of timberland in South Central Oregon from JWTR LLC of Klamath Falls, Ore. With this acquisition, Green Diamond Resource Company owns and manages over… Read More +

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  • Boeing Delivering 747-8 To Air China

    Boeing747-8Boeing is delivering a 747-8 Intercontinental to Air China on Monday in Everett. The company says Air China is the first carrier in Asia to operate the Intercontinental, its longest passenger jet. The airline has ordered five of the jetliners to… Read More +

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  • High School Football Scores

    football highschoolOlympia 38, Timberline 6 - Ingersoll Stadium. Blazers (1-1 4A Narrows, 2-2 overall); Bears (2-0 4A Narrows, 3-1 overall). Olympia: Isaiah Brooks – 130 yards rushing, 3 TDs; Kaden Wilson – 2 TDs (1 rush, 1 pass).

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Housing Frenzy: Buyers Race to Close Deals Before End of Boom

b_250_0_16777215_00_images_obgrabber_2013-09_b0ce69eeea.jpgFuse/Thinkstock (NEW YORK) -- This could be the last chance for potential home buyers to take advantage of those historically low mortgage rates. The National Association of Realtors says August sales of existing homes hit their highest level since February 2007, with buyers rushing to get in before interest rates rise further. Sales of previously-occupied homes jumped 1.7 percent in August.

On Thursday morning, homebuyers could secure a 30-year fixed-rate mortgage at 4.42 percent, down from 4.56 percent last week.  Rates dropped overnight after Federal Reserve Chairman Ben Bernanke said the central bank would keep buying $85 billion in bonds each month.

So how long will this dip in rates last?  ABC News polled a number of analysts who say they expect the window of opportunity to close in about three months, and they don't think rates will go much lower than they are today. So lock it in now!

Copyright 2013 ABC News Radio

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LaceyPolice
LaceyPolice - Glen Mary Dr SE. Yes alcohol was a factor! Please don't drink and drive. pic.twitter.com/ax5NEOS6Vo

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Seahawks
Seahawks - Rumor had it @Kam_Chancellor had ankle surgery over the bye. He didn't and might not. shwks.com/wrjh

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