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Expect no big change in mortagage rates PAGE 5 - PLA1NDEALER-WEDNESDAY, MARCH 28, It84 By Yvonne Beer, Executive vice-president, McHenry County Board of Realtors Hie McHenry County Board of Realtors responds to questions about real estate: Q-Will there be any noticeable decline in mortgage interest rates in the foreseeable future? A--According to data com­ piled by economists at the National Association of Realtors, there will be no significant changes in mortgage interest rates. Modest declines of % to 1 percentage point from the current fixed-rate mortgage level of 13.5 percent may occur ' by summer. However, the rate could start to rise in the fall and continue to increase through 1985. The hugev federal budget deficit and fears of future deficits are keeping interest rates from returning to more acceptable historical levels. Expectations that massive government borrowing may soon crowd out businesses and individuals who want to make investments in housing, office, and industrial structures are causing interest rates to be far ealtors ECORD higher than they outherwise would be. Long-term mortgage interest rates now are averaging about 9 percentage points above the inflation rate-more than double the gap during the last 30 years. No change in the situation can be expected unless the government takes positive steps to reduce the federal deficit. Prospective home buyers who wait to see if there will be a modest decline in mortgage interest rates risk paying higher home prices. Resale home prices are expected to increase about 6 percent during 1984. Q-How do condominium association maintenance fees compare with similar costs for a single-family home? A-This is an "apples and oranges" question because some condominiums offer amenities not found in a typical single-family home such as swimming pools, tennis courts, exercise and party rooms, security systems, maintenance personnel or even a receptionist. According to experts, if you compute similar expenses such as a percentage of upkeep, repairs, insurance, landscaping and utilities, condominium fees are comparable to single-family home maintenance costs. Increases in condo fees are usually based upon the rate of inflation on goods and services involved. While most condominiums offer some amenities not found in single-family homes, many condominiums are more af­ fordable for first-time buyers. Condo fees generally reflect the number of amenities as well as the condition of the complex. First-time buyers concerned with monthly payments may wnat to consider condos with fewer amenities and propor­ tionately lower monthly condo fees. If you have any questions relating to real estate, please send them to the McHenry County Board of Realtors, at 1065 Lake Avenue, Woodstock, 111. 60098. However, the board cannot guarantee a response to all questions. here & # there in Business McHenry men top agents In announcing a successful year's business, The Bankers Life of Des Moines in Rockford has announced that C.R. Peterson of McHenry has earned Honor Council status, placing him in the top 4 percent of all company agents throughout the nation. Ronald A. Denson of McHenry ,, qualified for Premier Club. Honor Council members met at the Hotel Intercontinental in Maui, Hawaii, earlier this month. Premier Club members gathered at the Kona Surf Resort on the main island of Hawaii. Presidential citation Host 'out of work' seminar for Mike Stahl, Jr. HEAR, BUT DO NOT UNDERSTAND? WE CAN HELP! FREE 30 DAY TRIAL STARKEY CUSTOM CANAL AID (SAME AS PRESIDENT REAGAN WEARS) I.M. (Mike) Stahl, Jr., of 27708 N. Hickory, McHenry, has been awarded a Presidential Citation by Illinois Bell for outstanding community service. Stahl was one of 17 company employees selected for the honor from among the company's 24,000 employees. Recipients of the company's highest community service honor, the Alexander Graham Bell Award, will be selected from among the Presidential Citation winners. Stahl, who is a central office technician in the company's Libertyville office, spearheaded a drive to install a storm sewer in the Mylith Park subdivision which had been plagued with flooding for several years. The subdivision is the site of a number of converted summer homes owned by retired persons and young families. The flooding problem had been largely ignored by the former summer residents because they were not present during the periods of heaviest rainfall. Starting in the fall of 1980, Stahl worked to arrange for government financing for the drainage project and to con­ vince residents not affected by the flooding to support the ac­ tion. He also helped arrange for government loans for some residents who could not afford conventional home im­ provement loans. Stahl and the other Presidential Citation winners were honored at a luncheon in Chicago March 14. Lake Villa VFW Post 4308, in cooperation with the Illinois Vietnam Veterans Leadership program, will host an "Out of Work What Now" seminar at the Lake Villa VFW Hall in Lake Villa. The seminar will be held April 8, from 1 to 4 p.m. A1 Engler, national em­ ployment chairman for AM- VETS and veterans' representative, Illinois Job Service, will explain veterans' eligibility and procesing of veterans at Illinois Job Service locations. Subjects also included in the seminar are: How to Interview; What the employer Expects; Resume Writing; Goal Setting; and How to Start Your Own Busines.. For further information contact A1 Lynch at 1111 Lake Cook Road, Buffalo Grove, HI., 520-3480. HEARING AID SALES & REPAIRS ALL MAKES SERVICE CENTER HOURS WEDNESDAYS 10 TO 5 WE MAKE HOUSE CALLS! 675 & 13 BATTERIES DURACEll-RAY O VAC-EVEREADY BUY AT WHOLESALE $000 Robert Stensland, owner 25 yrs. experience McHENRY HEARING AID CENTER 3937 W. MAIN. McHENRY 60050 [815)385-76*1 Rock band is on its way The rock band Moon left McHenry sometime ago but it hasnt been forgotten. In fact, young local fans have expressed enthusiasm over its success in the Phoenix area. The young musicians credit their start toward that success to something as simple as a bit of hard luck involving the starter on their truck. Scott Thompson was using the truck to help his girl friend move when he ran into the mechanical problem. Another young man was working on his car in the same parking lot. Noting the latter's Rail (a Spokane-based rock group) T- shirt, Thompson struck up a conversation and discovered he was talking to a talent agent. Just two months later, Moon opened Rail's Phoenix concert at Graham Central Station. Things have been going well ever since. Moon includes former area residents Randy Scott, John Guffa, Scott Thompson and Dannie Schramm. The young men will be returning to this area during July and August to visit family and friends. LOOK BITTER, FEIL BETTER ACHIEVE TOTAL FITNESS WITH EXERCISE TO MUSIC CLASS SESSIONS: 6 weeks beginning week of April 2nd. CLASS FEES: Mornings - $35 Afternoons • (25 Fvtninai *• (30 COMBO: All available classes $35 CLASS TIMES: 10:15 a.n. (Hon ft Wed) 4:00 pa. lues ft Tbars 6:45 p.M. Nigktty (Hon Thws) CLASS LOCATION: McHENRY AMERICAN LEGION HALL 'NURSERY CARE AVAILABLE A PROGRESSIVE, EFFECTIVE, FUN BUT SAFE FITNESS PROGRAM TAUGHT BY TRAINED PROFESSIONALS. TO REGISTER, PLEASE CALL EXERCISE TO MUSIC DEANNACARSTENS 385-3117 '> NANCY COSTEUO ^ unim hot, Fast& Delicious....Beef Villa for Dinner! "Take Out" or Relax in one of our Cozy Booths. IN A HURRY? Mil AHEAD! WOODSTOCK CUSTOMERS, DRIVE UP TO OUR NEW CONVENIENT WINDOW WORLD'S FINEST EATIN' CHICKEN BROASTED TUESDAY MIGHT SPECIAL l-PIECE $ 179 CHICKEN , I DINNER A,,er4PM (Includes Roll. Cole Slaw. Broasted* Potatoes or Fries) JMM M BEEF VILLA I Hi Hi • 8-Piece • Broasted $ K 25 McHenry (815)344-1103 •Woodstock (8151338-9706 I Chicken D _ ̂ _ _ Reg. $7.00 - Dinner (Includes Cole Slaw, Rolls, I Broasted" Potatoes or Fries) • OFFER GOOD THRU 3 31/84 (Limit one coupon per visit) bhmbeef villahmJI I WEI), LOWERED YOU EVER GET JEANS THAT DON'T SHRINK? THE BLUE CAMEL Sedgefield Jeans. They won't shrink, its that simple. We don't just promise it, we guarantee it Because Sedgefield 100% cotton jeans are specially treated to keep that great looking, brand new fit So when you try on a pair of Sedgefield Jeans, remember No matter how many times you wash them, they'll always fit like new, because they1# never shrink out of sire They fit forever like they fit in the store 1245 N. Green St., McHenry (815)385-6172 INFANTS WEAR GIRLS WEAR BOYS WEAR WEIGHT-A-THON AMERICAN CANCER SOCIETY'S "AMAZING SHRINKING MAN" AFTER BEFORE He lost 24 pounds 2 ounces in 28 days using a 1500 calorie a day diet and a strenuous exercise program developed at 804 MILL ST. Behind Taylor Made 344-2202 McHenry Nautilus HEALTH & FITNESS CLUB