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With Interest Rates on the rise, what is the cost of waiting?

The interest rate you pay on your home mortgage has a direct impact on your monthly payment. This is why it is important to look at where rates are heading when deciding to buy a home now or wait until next year.

According to a recent article in Kiplinger, "Now around 4.1%, rates will edge slowly toward 4.4% by the end of this year. Then they'll follow the Treasury bond rate's upward move in early 2015. Thirty-year home loans should end 2015 around 5.1%, still low by historical standards."

How does a one percent change affect the Principal and Interest payment on a 30-year home mortgage? An increase of one percent, from 4.1% to 5.1% will result in an increase in the Principal and Interest Payment in excess of 12%. The monthly Principal and Interest payment of $200,000 mortgage today at an interest rate of 4.1% is $966.40, but rises rather dramatically to $1,085.90 per month at a rate of 5.1%. Same mortgage amount, same term, but different interest rate results in an increase in payments of $1,434 per year, every year.

At Hunziker & Associates, REALTORS we understand there are many reasons to choose to purchase a home, and the financial side of the equation is only one reason. At Hunziker & Associates, we know the market, and we want nothing more than to help our clients make informed decisions in their best interest.

Fall Tree Planting Guide

There are some trees with never-fail color in fall, the kind of trees that you depend on year in and year out for colorful displays.

Most of them are commonly available in local garden centers and nurseries. And now is an ideal time to plant them. Here's a rundown of the best trees to fill out your landscape.
  • Japanese Maple: Autumn is the season to display vibrant, saturated colors in the garden. The most intense colors usually come from Japanese maple selections whose leaves are green in summer.
  • Crepe Myrtles: When the temperatures drop in the fall, these leaves gradually transform from green to sparkling fall hues. Many gardeners select crepe myrtles by bloom colors, but you can also choose a plant by its fall foliage.
  • Ginkgo: Ginkgo makes a superior shade, lawn, and street tree whose leaves are bright green in summer and change to a glorious butter yellow in fall.
  • Flowering Dogwood: You can't beat the dramatic coloration of flowering dogwood in autumn with drooping red leaves and bright-red berries.
Newly planted trees do best when exposed to moderate temperature and rainfall and they need time to root and acclimatize before the onset of intense heat and dryness of summer or the freezing temperatures of winter.

Read about these trees and planting specifics at MyHomeIdeas.

Apple Orchards: Family Fun this Fall

A visit to an apple orchard in the fall is a treat for the whole family. The fragrance of ripe fruit, the crisp air, and the rich hues of the season create an unforgettable experience. Apple orchards also provide a variety of exciting activities for the entire family. Many orchards feature hay rides, petting zoos, corn pools, mazes, and hill slides besides the traditional fruit picking experience. Bigger orchards often have markets offering a wide variety of jams, butters, perserves and baked goods featuring the fruits from the orchard.

Apples are a healthy, refreshing, crunchy snack. They quench your thirst and their acid content makes them a natural mouth freshener. Apples contain vitamins and minerals, help promote good digestion, and "an apple a day" really does make you healthier!
Find an apple orchard close to you by visiting Orange Pippin. This site has a map of Iowa orchards along with contact information, directions, featured apples and a description of the orchard and activities.

Click the image above to visit the Orange Pippin website.

September Area Events

Pufferbilly Days
September 4-7

Des Moines Renaissance Faire
Sept. 6-7 & 13-14
Sleepy Hollow Sports Park, Des Moines

Harvest Wagon Rides at Living History Farms
Saturdays, Sept. 6, 13, and 27 at 5pm & 7pm
Living History Farms, Urbandale

Downtown Music Walk
Thursday, Sept. 11 from 5-8pm
Downtown, Ames

Iowa - Iowa State Football Game
Saturday, Sept. 13 at 2:30pm
Kinnick Stadium, Iowa City

5th Annual Ladies Expo
Tuesday, Sept. 16 from 4:30-7pm
ISU Scheman Building, Ames

Sept. 19 & 20
Downtown, Ames

World Food & Music Festival
Sept. 19 - 21
Walnut St. Bridge, Downtown, DSM

5th Annual Remembrance Run
Sunday 28 at 9:45am
Raccoon River Park, WDSM

Maximum Ames Music Festival
Sept. 25-28

44th Annual Octagon Art Festival
Sunday, Sept. 28 from 10am-5pm
Downtown, Ames

Komen Race for the Cure
Saturday, Oct. 4 at 9am
E Walnut St. by the Capitol, DSM