Connecticut Financing Update and Today's Mortgage Rates 1/19/2013

Very exciting news came out this week that foreclosures in 2012 were stable compared to recent years and annual home prices rose largest since 2006.  The real estate market is extremely hot and most homes are going asking price or above listing prices.  There are bidding/offering wars going on across Fairfield County with a bunch of my existing clients.  The interest rate market has been extremely volatile as well.  It’s one scary roller coaster ride with rates up two days in a row and then down two days in a row.  Rates are still very low even though they are not at historic lows that we saw in recent months.  My recommendation is to let rates float until you are about 15 days away from closing so that you get the best interest rate available to you.

Today's Mortgage Rates

Conventional 30 year fixed          3.625%                APR 3.68%

Conventional 15 year fixed          3%                      APR 3.082%

Conventional 5/1 ARM                3.375%                APR 2.831%

Conventional 7/1 ARM                3.25%                  APR 2.787%

The above rates are based on a loan amount of $417,000 for a single family home, a borrower’s middle credit score of 780 and a 20% down payment.  If you would like a customized rate quote for your own specific loan scenario then please feel free to email me at nima@primeres.com or call me directly at 203.913.6016. 

 

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)

782 Clinton Avenue

Bridgeport, CT 06604

Phone: 203.913.6016

Email: nima@primeres.com

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The Featured Home of the Week is at 125 Norton Road in Easton  for $1.4M. See the virtual tour HERE

Buying or Selling a Home in Fairfield County?  Contact us!

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

Search for properties on any of our sites, or get the very best visibility available for your home. Visit us online wherever you like:

www.CThomesAndRealEstate.com      www.TheCTrealtyBlog.com     www.TheCTRB.com    and   www.CTfeaturedHomes.com 

 Email us or  call Toll Free (855) GET-JUDY

This Week's Edition of National Real Estate News 1/7/2013 (Video)

This week's national real estate news update - The fiscal cliff bill  saved the capital gains tax exclusion. mortgage debt forgiveness exemption,  how  to find the best buyers and sellers markets, housing recovery gathers steam for 2013. Click here for more- about moving, strategies and interest rates.

Click here for this months newsletter and our video news channel.

Buying or Selling a Home in Fairfield County?  Contact us!

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

Search for properties on any of our sites, or get the very best visibility available for your home. Visit us online wherever you like: Find out more about Judy here

www.CThomesAndRealEstate.com      www.TheCTrealtyBlog.com     www.TheCTRB.com    and   www.CTfeaturedHomes.com 

 Email us or  call Toll Free (855) GET-JUDY

Connecticut Financing Update and Today's Mortgage Rates 1/5/2013

Rates are up sharply compared to last Friday due to the fiscal cliff bailout the country received in the 11th hour when Democrats and Republicans made a decision.  It’s very difficult to see where rates are going to be this time next week as the market is very volatile.  MBS are down -1/32 (FNMA 30-yr 3.0 at 103.30), around 24/32 lower than yesterday at this time. Unfavorable re-pricing took place yesterday. Early investors may have priced at much lower levels. It has been an extremely volatile morning following the release of the Employment report.  Please keep a close eye on the market this coming couple of weeks in order to see if an upward trend is going to continue or will this 0.25 jump in rates will bounce back to numbers we have been seeing in the past few months.

Today's Mortgage Rates

Conventional 30 year fixed          3.75%                 APR 3.86%

Conventional 15 year fixed          3.00%                 APR 3.094%

Conventional 5/1 ARM                3.75%                 APR 3.196%

Conventional 7/1 ARM                3.5%                   APR 3.107%

The above rates are based on a loan amount of $417,000 for a single family home, a borrower’s middle credit score of 780 and a 20% down payment.  If you would like a customized rate quote for your own specific loan scenario then please feel free to email me at nima@primeres.com or call me directly at 203.913.6016. 

 

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)

782 Clinton Avenue

Bridgeport, CT 06604

Phone: 203.913.6016

Email: nima@primeres.com

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

The Featured Home of the Week is at 125 Norton Road in Easton  for $1.4M. See the virtual tour HERE

Buying or Selling a Home in Fairfield County?  Contact us!

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

Search for properties on any of our sites, or get the very best visibility available for your home. Visit us online wherever you like:

www.CThomesAndRealEstate.com      www.TheCTrealtyBlog.com     www.TheCTRB.com    and   www.CTfeaturedHomes.com 

 Email us or  call Toll Free (855) GET-JUDY

Extension Cord Safety Tips for Connecticut Homeowners and Renters

Extension cords are a convenient way to bring power to electrical devices. Used without proper caution, however, they can become a fire hazard and pose a risk to your personal safety. Follow these tips to help keep your home safe:

Selecting extension cords
•    Purchase only cords that have been approved by an independent testing laboratory.
•    For outdoor projects, use only extension cords marked for outdoor use.
•    Read the instructions (if available) for information about the cord’s correct use and the amount of power it draws when running.
•    Select cords that are rated to handle the wattage of the devices with which they’ll be used. A cord’s gauge indicates its size: The smaller the number, the larger the wire and the more electrical current the cord can safely handle.
•    Also consider the length you’ll need. Longer cords can’t handle as much current as shorter cords of the same gauge.
•    Choose cords with polarized or three-prong plugs.
•    For use with larger appliances, thick, round, low-gauge extension cords are best. For smaller appliances and electronics, you can use thin or flat cords.

Using extension cords
•    Never remove an extension cord’s grounding pin in order to fit it into a two-prong outlet.
•    Avoid powering multiple appliances with one cord.
•    Never use indoor extension cords outdoors.
•    Don’t plug multiple cords together.
•    Don’t run extension cords under rugs or furniture.
•    Never tape extension cords to floors or attach them to surfaces with staples or nails.
•    Don’t bend or coil cords when they’re in use.
•    Cover unused cord receptacles with childproof covers.
•    Stop using extension cords that feel hot to the touch.

Caring for extension cords
•    Always store cords indoors.
•    Unplug extension cords when they’re not in use.
•    Throw away damaged cords.
•    Pull the plug—not the cord—when disconnecting from the outlet.

And remember that extension cords are intended as temporary wiring solutions. If you find you’re using them on a permanent basis, consider updating your home’s electrical system.

The information in this article was obtained from various sources. While we believe it to be reliable and accurate, we do not warrant the accuracy or reliability of the information. These suggestions are not a complete list of every loss control measure. The information is not intended to replace manuals or instructions provided by the manufacturer or the advice of a qualified professional. Nor is it intended to effect coverage under any policy. State Farm makes no guarantees of results from use of this information. We assume no liability in connection with the information nor the suggestions made

Article submitted by Brennan Purdy of State Farm Insurance

My vision is to be an insurance professional whose actions are driven by keeping the customer's best interest as my primary goal. My staff will treat all my customers in a caring, friendly, and professional manner. My office will provide warm, efficient, and seamless services to our customers at all times. I expect my business to be comprised of knowledgeable, multiple-line customers who see my office as their first and best choice for all their insurance and financial service needs

For more information on these and other home safety tips, stop by my office or visit www.brennanpurdy.com. My office is conveniently located in downtown Bethel. 203-798-7300.                   211 Greenwood Avenue , Bethel, CT 06801

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The Featured Home of the Week is at 125 Norton Road in Easton  for $1.4M. See the virtual tour HERE

Buying or Selling a Home in Fairfield County?  Contact us!

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

Search for properties on any of our sites, or get the very best visibility available for your home. Visit us online wherever you like:

www.CThomesAndRealEstate.com      www.TheCTrealtyBlog.com     www.TheCTRB.com    and   www.CTfeaturedHomes.com 

 Email us or  call Toll Free (855) GET-JUDY

Looking Forward to a Great 2013

Happy New Year from Judy, theCTrealtyBlog.com  and CThomesAndRealEstate.com