Connecticut Financing Update and Today's Mortgage Rates July 13, 2012

Here is a sneak peek of residential mortgage rates and some brief news to share.  Yesterday's FOMC minutes were a disappointment to risk assets, as they failed to indicate a greater potential for additional quantitative easing.

The latest weekly initial jobless claims count totaled 350,000, which is better than what had been projected by economists. The latest count is also down from the upwardly revised prior week tally of 376,000. As for continuing claims, it declined to roughly 3.304 million from 3.318 million. Separately, export prices, excluding agriculture, declined by 1.4% in June after they had declined by 0.6% in the prior month. In Europe, markets are under pressure as marginal yields are seeing a modest rise and as the euro trades at a two-year low near 1.2170.

The ECB Monthly Bulletin was released early this morning, and suggested further downside risks have developed as market dislocation has begun to spill over into the real economy.

Today's Mortgage Rates

Conventional 30 year fixed          3.625%                  APR 3.671%

Conventional 15 year fixed          2.875%                  APR 2.956%

Conventional 5/1 ARM                  2.625%                  APR 3.160%

Conventional 7/1 ARM                  2.75%                    APR 3.133%

The above rates are based on a loan amount of $417,000 for a single family home, a borrower’s middle credit score of 740 and a 20% down payment.

This is not an offer for extension of credit or a commitment to lend. All loans must satisfy company underwriting guidelines. Information and pricing are subject to change at any time and without notice. This is not an offer to enter into a rate lock agreement under any applicable law.

 

As a lending professional, Nima Rezvan meets a wide range of real estate lending needs, whether it be a first time purchase, second home purchase, or refinance. He welcomes the opportunity to serve your needs with quick and accurate real estate financing advice. With his expertise and knowledge, he will make sure you understand the features associated with the loan program you choose and that it meets your unique financial situation.

With more than 10 years of mortgage lending experience, Nima specializes in  Conventional Mortgages,  Jumbo Loan Financing, Refinance, First Time Home Buyers and Federal Housing Administration/Veterans' Administration (FHA/VA)

 NMLS #110681

send Nima an email

Mobile: 203-913-6016
Fax: 877-804-5752

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Buying or Selling a Home in Fairfield County? We'd love to represent you.

Feel free to email us here or visit our main  site at

www.CThomesAndRealEstate.com

If you have a question about buying or selling Real Estate in  Fairfield County, and are in need of representation, I invite you to contact me. I know the market like the back of my hand, know marketing inside and out, am a skilled negotiator- and I'd love to be on your side :) - Judy

 

No showings? Don't Know What to do? Start by Changing the Marketing!

If your home has been on the market for a month or more, and the price seems right by all indications, yet your home is not being shown, there ARE some things that you can do.

Did you ever hear that the definition of insanity was doing the same thing over and over again, and expecting a different result? Well, that certainly holds true for real estate marketing, too.

There are TWO VERY IMPORTANT things that you can do, or that you can instruct your agent to do if they haven't mentioned it to you already.

First and probably MOST important. Change the photographs of the home, especially the main marketing shot.  Buyers and agents alike have a good memory, and if the home's main photo isn't truly eye catching or has "become stale", it's time to change it.  That could be the very root of your problems.

Secondly, most agents put together a "write up" on your home. If that is not attracting buyers, then it should be changed. Maybe another buzz word or catch phrase will do the trick.

Make sure you review the photos and write-up, and give your final approval on both.

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Buying or Selling a Home in Fairfield County? We'd love to represent you.

Feel free to email us here or visit our main  site at

www.CThomesAndRealEstate.com

If you have a question about buying or selling Real Estate in  Fairfield County, and are in need of representation, I invite you to contact me. I know the market like the back of my hand, know marketing inside and out, am a skilled negotiator- and I'd love to be on your side :) - Judy

New to the Market Today- The Most Exquisite Colonial in Easton for $1.4M

Elegant in every way, this 5,951 square foot Georgian Style Colonial is  private and secluded, yet less than 5 miles to the Merritt Parkway.

Luxuriously appointed, meticulously maintained, and designed to perfection, this home is an entertainers dream and delight. Outstanding features include a grand two story entrance with dual staircases and balcony, a gourmet kitchen  with top of the line appliances, and a master bedroom suite  with a fireplace in the  sitting room, dual custom cherry closets, and a spa like bath. This home is right out of something liek Architectural Digest, and with so many outstanding features, it won't be available for too long. View additional photos HERE, or

.... View this home at 125 Norton Road in Easton by appointment ONLY, with pre-approvals in hand. Contact Exclusive Listing Agent Judy Szablak for your private tour, which we can arrange as early as tomorrow afternoon. (July 10, 2012)

Here's a small taste of what this home has to offer. ( The foyer balcony view, and the Foyer itself. )

Contact Judy Today by phone or SMS (203)257-5892 or email Judy@BestAgentsOnline.com

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Buying or Selling a Home in Easton or in Fairfield County? We'd love to represent you.

Feel free to email us here or visit our main  site at

www.CThomesAndRealEstate.com

If you have a question about buying or selling Real Estate in  easton or in Fairfield County, and are in need of representation, I invite you to contact me. I know the market like the back of my hand, know marketing inside and out, am a skilled negotiator- and I'd love to be on your side :) - Judy

Security Check: Has Your Computer Been Infected with the DNS changer?

It's all over the news, and the alert is NO JOKE. There are many people who could find out tomorrow (July 9, 2012)  that their computer is not operating properly, and those infected will not be able to log onto the internet. Let's hope that you are not one of them.  You can use the links below to perform a safety check.

TRUSTED: The information and links below are provided from FOXnews.

"Internet users scanning their Twitter feeds or Facebook accounts Sunday might want to add one more quick click to check their computer for malware.

Thousands of people around the country whose computers were infected with malicious software more than a year ago faced the possibility of not being able to get online after midnight EDT.

At 12:01 a.m. EDT, the FBI planned to shut down the Internet servers set up as a temporary safety net to keep infected computers online for the past eight months. The court order the agency obtained to keep the servers running expired, and it was not renewed.

The problem began when international hackers ran an online advertising scam to take control of more than 570,000 infected computers around the world. When the FBI went in to take down the hackers late last year, agents realized that if they turned off the malicious servers being used to control the computers, all the victims would lose their Internet service.

Check your computer using one of these TRUSTED sources.

http://www.dns-ok.us/
http://www.dcwg.org/?page_id=381

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Buying or Selling a Home in Fairfield County? We'd love to represent you.

Feel free to email us here or visit our main  site at

www.CThomesAndRealEstate.com

If you have a question about buying or selling Real Estate in  Fairfield County, and are in need of representation, I invite you to contact me. I know the market like the back of my hand, know marketing inside and out, am a skilled negotiator- and I'd love to be on your side :) - Judy

Connecticut Financing Update and Today's Mortgage Rates July 6, 201212

Here is a sneak peek of residential mortgage rates and some brief news to share.  Treasury prices are making small gains this morning as central banks around the world hope to bolster their economies but cutting key interest rates.  China cut its benchmark rates for the second time in a month and the ECB dropped its rate by 0.25% to 0.75%.  Lastly, the Bank of England announced it will augment the scope of its stimulus program by 50 billion pounds.  The US economic calendar is busy today ahead of tomorrow's non-farm payroll report.  The weekly jobless claims report was better than expected as initial claims of 374k were lower than the expected 386k.

 Today's Mortgage Rates

Conventional 30 year fixed          3.625%                  APR 3.671%

Conventional 15 year fixed          2.875%                  APR 2.981%

Conventional 5/1 ARM                  2.625%                  APR 3.160%

Conventional 7/1 ARM                  2.75%                    APR 3.133%

The above rates are based on a loan amount of $417,000 for a single family home, a borrower’s middle credit score of 740 and a 20% down payment.

This is not an offer for extension of credit or a commitment to lend. All loans must satisfy company underwriting guidelines. Information and pricing are subject to change at any time and without notice. This is not an offer to enter into a rate lock agreement under any applicable law.

 

As a lending professional, Nima Rezvan meets a wide range of real estate lending needs, whether it be a first time purchase, second home purchase, or refinance. He welcomes the opportunity to serve your needs with quick and accurate real estate financing advice. With his expertise and knowledge, he will make sure you understand the features associated with the loan program you choose and that it meets your unique financial situation.

With more than 10 years of mortgage lending experience, Nima specializes in  Conventional Mortgages,  Jumbo Loan Financing, Refinance, First Time Home Buyers and Federal Housing Administration/Veterans' Administration (FHA/VA)

 NMLS #110681

send Nima an email

Mobile: 203-913-6016
Fax: 877-804-5752

* * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * *

Buying or Selling a Home in Fairfield County? We'd love to represent you.

Feel free to email us here or visit our main  site at

www.CThomesAndRealEstate.com

If you have a question about buying or selling Real Estate in  Fairfield County, and are in need of representation, I invite you to contact me. I know the market like the back of my hand, know marketing inside and out, am a skilled negotiator- and I'd love to be on your side :) - Judy