Connecticut Financing Update and Today's Mortgage Rates 8/17/12

The rates are still looking good even though they have been on the rise in the past two weeks and it looks like a perfect time to purchase a home and/or refinance your existing mortgages.  Treasuries are headed for a fourth straight weekly decline, the longest streak since December 2010, as reports this week on building permits, industrial production, retail sales and jobs all showed improvement.  And now this morning the Consumer Sentiment came in better than expected with an index reading of 73.6, rising from last month’s 72.3.  Yesterday, treasuries sold off after German Chancellor Angela Merkel was quoted supporting the ECB and their approach to defend the Euro by helping reduce borrowing costs for indebted countries.  Yesterday the 10 year yield hit the 200 day moving average of 1.86% and has since moved back down.  Currently, the 10 year yield is at 1.82% and mortgages are slightly better than yesterday afternoon’s re-price.

Today's Mortgage Rates

Conventional 30 year fixed          3.875%                  APR 3.922%

Conventional 15 year fixed          3.125%                  APR 3.207%

Conventional 5/1 ARM                  2.625%                  APR 3.078%

Conventional 7/1 ARM                  2.875%                  APR 3.122%

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?  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

Lender411 Gives TheCThomeBlog a FIVE STAR review!

Periodically, Lender411 reviews blogs around the country for content and readability, and they chose our main blog  this week..... and gave us a Five Star review!

The Lender411 Blog Review Process: Their mission each week  is to scout real estate blogs, review them, and post the reviews for the best blogs on their site.  Blog reviews are based on readability, information, and credibility.  Only the best blogs out of all the ones they scout each week are chosen to be put onto their site.

About the company: Lender411.com is an online marketplace connecting consumers to ethical and professional lenders.  At Lender411, you can get customized mortgage quotes from pre-screened mortgage lenders, seek mortgage advice from top mortgage professionals, read lender reviews and ratings of local mortgage brokers and loan officers, and ultimately choose the right loan to get you into your dream home.

We at the CTrealtyBlog.com are absolutely honored that they chose us, and wrote such nice things about our blog. Some of what they wrote about us:

"For those who are currently living in and looking to live in Connecticut, the Connecticut Home Blog offers a multitude of resources as well as a source of entertainment for its readers."

".....you can find town demographics and market statistics directly off the individual city pages located to the left of the blog.  The information provided about all of these cities is so detailed that you will be ready to buy a house and join the Connecticut community in a heartbeat."

"Overall, the Connecticut Home Blog is on the cutting edge of technology and provides excellent information to its readers.  Updated every day, the blog reads well and gets its point across while still drawing in readers to Fairfield County, Connecticut."

Read the entire review by clicking here.

Thank you Lender411

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

The Best Four Websites for Buying or Selling a Home in Fairfield County CT

If you are looking to buy or sell a home in Fairfield County Connecticut, there are four very informative websites to rely on to assist you in your search, and if you are selling a home, all will give you the competitive edge that you need. Each offers a pleasing variation  of services and/or features that will most certainly suit  your needs.

The best Four Local Websites for buying or selling a home or condo in Fairfield County Connecticut are:

www.CThomesAndRealEstate.com - Focused primarily on Home buyers and Home sellers needs and  specifically geared to Easton, Fairfield, Norwalk, Trumbull & Westport. Search properties, get automatic email alerts, and top quality representation.

www.TheCTrealtyBlog.com - Connecticut's Number One real estate blog, offers tips, advice for buyers and sellers, weekly local mortgage rate updates, unrestricted MLS access, detailed statistics for Southwestern Connecticut including the majority of Fairfield County and a few  bordering towns in New Haven County. Get the best experienced agents to represent you with real estate needs.
   
www.TheCTRB.com - a "mini-me" version of www.theCtrealtyBlog.com, this site includes a special map-based MLS and property search, statistical information on Easton, Fairfield, Norwalk, Trumbull & Westport , and all the blog posts in an easy to read format on a white background.
 
www.CTfeaturedHomes.com  - our Remax site has an easy to use MLS search, is geared towards international  users and has a built in translation tool. You can also find a link to our blog, and detailed  information on Easton, Fairfield, Norwalk, Trumbull & Westport. All offered by Top Agent Judy Szablak

We welcome you to explore our family of websites, and whether you are looking to buy or sell a home, we've certainly got it covered. :)

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

Setting a Time Frame for Buying a Home. How Long Does it Take?

If you are about to embark upon the process of buying a home, there are many things to consider besides the actual home itself. Unlike renting a home, where you could conceivably move into your new residence in less than a week, getting to the point of occupancy takes time when you are buying, unless you are paying cash for your next home. -and then, it is not guaranteed, even if the seller could accommodate such a quick closing.

A number of steps throughout the process take time.

 The basic steps are:
 
 Find and Hire a Realtor to represent you. (me)
 Get pre-approved for a mortgage
 Search for Homes
 Place an offer on a home, and get written seller's acceptance
 Formally apply for your mortgage, if you haven't already done so
 Conduct a building inspection
 Sign a formal contract of sale.
 Obtain a mortgage commitment, and "clear to close"
 
Once you obtain a "clear to close" you will be able to close on your home in three to five days.

The time involved for all of these steps is really up to  how fast you can go through the process. Most of the time, we figure on about 45-60 days from signed binder (or initial offer agreement) to closing.

It is certainly possible to close in as little as 30 days, as long as you are diligent in your efforts.

If you are in the market to buy a home, and need to close quickly, contact me. I will guide you the process, be there every step of the way. ith a solid track record for helping buyers move into their next home quickly if needed, I have the experience to assist you, and would be honored to be on your side.

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

"Sneak Peek Open" at 4 Highwood Lane Westport for $700K on 8/16

Come take a look at this newly listed  2,116 square foot home on 1.24 acres in Westport on Thursday 8/16/2012 between 11AM and 1PM. It's a great value in a very desirable area of town, and just needs some minor cosmetics- and they are minor.

Just so you know, you won't need to be concerned about the roof or windows - they are recent, and the mechanicals are only a few months old.

The three bedroom, three bath home is private, and not visible from the road- There is also an inground pool with a cabana. The property  looks and feels likes a sanctuary. At this price, this home is NOT to be missed. View more pictures of 4 Highwood Lane and/or request your personal showing if you can't make it on Thursday.

NOTE: There won't be any signs directing you there like normal open houses, but a for sale sign is on the property, and I will be there along with a mortgage broker to answer any questions you may have. Bring your checkbook!

Refreshments will be served. Hope to see you!

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Buying or Selling a Home in Westport 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  Westport 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