Mortgage Rates

February 25, 2012 Uncategorized, mortgage rates, real estate market update | No Comments »

Mortgage rates were largely unchanged this week.  The Greek bailout package was passed on Monday as expected, and there was little reaction in US markets. Mixed US economic data also had little influence. Strong Treasury auctions were the biggest factor for mortgage rates this week, keeping rates low. Investors are beginning to focus on the price of oil. Concerns about Iran have pushed oil prices up to the highest level in nine months. Higher energy prices are bad for consumers and the economy. Since higher oil prices have two opposite effects on inflation, though, the impact on mortgage rates is uncertain. Rising energy costs add to inflation, but they also slow economic growth, which reduces inflationary pressures. It’s not clear which influence will be larger over time.

The housing data released this week continued to be encouraging. January Existing Home Sales rose 4% from December to the highest level since May 2010. The inventory of listed existing homes declined 1% to the lowest level since March 2005. January New Home Sales again exceeded expectations.

                     
                     
                     
                     
                     
                     
            Initial Interest Rate Points Annual Percentage Rate Interest Rate based on Index + Margin  
Mortgage Rates as of: 02/24/12      
             
                     
30 Year Fixed Rate, Conforming  3.875% 0.000% 3.919% NA  
(Loan amounts to $417,000)              
                     
                     
30 Year Fixed, Agency Jumbo 4.000% 0.000% 4.129% NA  
(Loan amounts from $417,001 to $601,450)          
                     
                     
30 Year Fixed, Non-Agency Jumbo 4.375% 0.000% 4.423% NA  
(Loan amounts from $601,451 to $1,000,000)          
                     
                     
5/1 ARM (Loan amounts to $1,000,000) 2.875% 0.000% 3.324% 3.375%  
Payable and fully amortizing over 30 years. Rate fixed only for first 5 years; Adjustable annually thereafter. Rate may be increased after consummation under
terms of loan.  The index for the product is One Year LIBOR.             
                     
                     
5/1 ARM Interest-Only (to $1,000,000) 3.125% 0.000% 3.369% 3.375%  
Interest-only payments required for first 5 years, then payable and amortizing over remaining 25 years.  Rater fixed only for first 5 years.  Adjustable   
annually thereafter.  Rates may be increased after consummation under terms of loan. The index is One Year LIBOR.     
                     
                     
7/1 ARM (Loan amounts to $1,000,000) 3.250% 0.000% 3.371% 3.375%  
Payable and fully amortizing over 30 years. Rate fixed only for first 7 years; Adjustable annually thereafter. Rate may be increased after consummation under
terms of loan.  The index for the product is One Year LIBOR.             
                     
                     
10/1 ARM (Loan amounts to $1,000,000) 3.875% 0.000% 3.708% 3.375%  
Payable and fully amortizing over 30 years. Rate fixed only for first10 years; Adjustable annually thereafter. Rate may be increased after consummation under
terms of loan.  The index for the product is One Year LIBOR.             
                     
               
William Raveis Mortgage, LLC   Please call for rates on amounts over $1,000,000
             
           
NMLS Mortgage Loan Originator License # 114805            
                     
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The rates and APR above are based upon the following assumptions: a 20% down payment, $1,500 in finance charges, and 30 days prepaid interest, 0 points, and a 45 day rate lock. The rates and APR will vary depending upon the actual down payment percentages, points and fees for your transaction as well as your unique credit history. Rates (and adjustable rate margins, where applicable) are subject to change without prior notice. The above rates may change or not be available at commitment or closing or may be subject to product restrictions.  Rates applicable only to single family homes located in Fairfield County, Connecticut. 
 
                     
    
   
NMLS ID 2630  *  CT Licensed Mortgage Correspondent Lender 15524  *  MA Licensed Mortgage Lender/Broker MC2630  *  Licensed by the NH Banking Dept Mortgage Banker/Broker 11083MB  *  RI Licensed Lender/Loan Broker 20051918LL, 20051919LB  *  NY Licensed Mortgage Banker-NYS Banking Department LMBC 106535  

If you are in the market and need a mortgage I can provide you with a loan officer.  If you need a Realtor I will be happy to represent you. Please contact me:  203-653-1043 .

Darien Local Housing Data

February 11, 2012 Uncategorized | No Comments »

View our local housing data for Darien, CT.  If you are interested in seeing the trend of the market in your town, please email me and I will be happy to add you on to the monthly housing data. Servicing all of lower Fairfield County.

http://stats.raveis.com/External/raveis/RaveisMultiView.aspx?id=raveiswebsite&signin=N

Local Housing Newsletter

February 8, 2012 real estate market update | No Comments »

Are you curious about recent statistics in your town?  See what the  real estate market is doing,  take a look at our Local Housing Newsletter.  The Newsletter is filled with the most up to date information.  #New Canaan.  Receive your local housing newsletter for FREE via email.  Feel free to send me your information at; maria.miller@raveis.com

“February Real Estate Update”

February 3, 2012 homes and new babies, market conditions, mortgage rates, real estate market update, why buy new homes | No Comments »

Here is a link to my “February Real Estate Update”:

This Newsletter is full of interesting and useful information that I think you will enjoy whether you are a buyer, seller, homeowner, or renter.

This month’s issue includes topics such as:

“How Does Your Home Compare to Others on the Market?”;
“Housing at Forefront of Concerns With Presidential Election”;
“Why Buy a Home Now?”;
“Relying On Your Agent”;
“Top 10 Tips for Sellers”;

Plus a roundup of January real estate activity as well as much more advice and information.

I hope you enjoy this monthly newsletter.

http://www.realtytimes.com/159/MariaMiller

New Features on Community Data on Raveis.com

January 29, 2012 Uncategorized | No Comments »

Check Out The New Feature on Raveis.com!!

On every property detailed page there is a new tab for Community Data.  Now consumers can get information like population comparison, number of households with children, Median household income comparison, Median income by age, Cost of living information and so much more!!!

To find the community information just search on raveis.com and click on the Community Information tab on any property detailed page in CT, MA, RI, and NY.  Stay tuned for more information on a blog post coming soon.

Stay tuned to all the viewers/buyers/sellers our site has it all!  let me know if you are looking for a realtor that can find you the home of your dreams . . .

Fairfield County Real Estate Report January 2010 through December 2011

January 24, 2012 Uncategorized | No Comments »

See link with all of the individual market areas within Faifield County.  Fairfield County Real Estate Report January 2010 through December 2011.

http://www.realtymarketupdate.com/Customer/Raveis/CountyReports/CTFairfield.pdf