Bidding Our Time

No, that is not a typo. I know how to spell biding.

We bid on our first house that we really liked. They countered today, but it is still quite a bit higher than we can afford. We are going to counter with our hard limit and pray like crazy.

The stressful part is the timing. Our loan prequal expires on June 30th and if we start a new one with today's interest rates, we won't be able to afford the same house we can afford today. The new rates are so much higher that we'll have to start looking at houses about $12,000 less than what we are currently looking at. Argh!

Someone go kick G "Dubya" in the ass for threatening to veto a bill in the senate that would give first time homebuyers a tax credit incentive. Then go kick the banks in the ass for jacking up all of the long term loan interest rates up to where no one can afford them even though the housing prices have dropped so much. (Fed guv-ment has no control over the long term loans, just the pansy assed soon to foreclose loans.)

Can you feel the stress? Yup. It's palpable.

Pray for us, light a candle, send good vibes, whatever it is you do. Hopefully by the end of the week we'll have a house, but I am not so sure.