. >> reporter: bob evans is a real estate expert and he said theman concern is buyers looking for low to mid-level properties. >> the concern for the purchasers in the 800,000 and under brackety they require to get more favorable financing go through the fha. >> when news hit that the government's credit rating was downgraded be standard & poors he got plenty of call from people in the market to buy. >> strongly urge buyers not sit around because if you're locked into an interest rate, you're locked in, which means they cannot raise you even if they rates the interest rates for everyone else. >> reporter: another worry a potential buyer has to consider but they're trying to keep things in perspective. >> doesn't keep me up at night knowing -- as long as it doesn't go back to the 1980s rate, we're all right. >> reporter: right now, interest rates are exactly the same as they were when news hit yesterday of this credit downgrade to the government reside credit rating, and so experts i talk to today said may take a few weeks and even a few months to see if this affects any of the interes

. >> bob evans is a real estate expert in san francisco, and says he got plenty of calls from potential home buyers concerned about the news. for those on the fence about purchasing a home, he says now is the time to get off the fence. >> i strongly urge buyers not sit around because if you're locked into an interest rate, you're locked in, which means they cannot raise you even if they raise the interest rates for everyone else. >> evans expects any hike in interest rates witness not happen immediately and could take a few months, but those affected will be buyers looking to buy a mid-to lower priced home. >> you can effect things seriously, particularly for those purchasers in the 800,000 and under bracket, where they require to get more favorable financing going through the fha. >> for these this couple, they may speed up their schedule to buy a home incase the downgrade affects interest rates. >> in this economy, people are already not qualifying to buy houses, and to have this happen is just making it worse in a sense. >> reporter: and again, experts i talk to say they're not quite

. >> bob evans is a real estate expert and says his main concern are buyers looking for mid-to lower property. >> it could affect things seriously, particularly for the purchasers in the 800 sundown under bracket, where they require to get more favorable financing go through the fha. >> when news hit friday that the government's credit rating was downgraded by standard & poors, he got plenty of calls from people in the market to buy. >> i urge buyers not to sit round because if you're locked into an interest rate, you're locked in, which means they cannot raise you even if they raise the interest rates for everyone else. >> it's another worry a potential buyer has to consider, but this couple is trying to keep things in perspective. >> keep me up at night knowing that we have an interest rate -- as long as it doesn't go back to the 1980s rate, we're all right. >> experts are not sure how long this will affect interest rates. if it even does, and this has never happened before. the government never had a downgrate in their crit rating - credit rating so the experts are making their be

. >> bob evans is real estate expect in san francisco. his main concern are buyers looking for mid to low priced properties. >> it could affect things seriously particularly for purchasers in the $800,000 under bracket where they require to get more favorable financing through the fha. >> when news hit friday that the government's credit rating was downgraded, they got plenty of calls from people in the market to buy. >> i would strongly not to sit around because if you are locked into an interest rate, you are locked in. that means they can't raise you even if they raise it for everyone else. >> it's another worry that potential buyer has to consider but they say they are trying to keep things in perspective. >> it keeps me up at night but it doesn't go back to the 1980s, think we are all right. >> they are not sure how long this will affect interest rates if it does and reason why, this is something that has never happened before. the government has never had a downgrade in their credit rating. so the experts are making a bet, yes. >>>

. >> bob evans is a real estate expert in san francisco. he said his main concern are buyers looking for mid-to lower-priced properties. >> it could affect people seriously, particularly for those purchasers who are in the $800,000-and-under bracket where we require to get more favorable financing going through the fha. >> when the news hit friday that the government credit rating was downgraded, he got plenty of calls from people in the business to buy. >> i would strongly urge buyers not to sit around because if you are locked into a interest rate you are locked in. which means they can't raise you even if they do raise the interest rate for everyone else. >> it's another worry a potential buyer has to consider. but they are trying to keep things in perspective. >> keep me up at night that we have an interest rate that as long as it doesn't go back to the 1980s rates works i think we are all right. >> they aren't sure how long it will affect interest rates and even if it discuss because it has simply never happened before. the government