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Search real estate listings in the Gorgeous Candlewood Lake Region including such towns as Danbury, Brookfield, New Fairfield, Sherman & New Milford as well as throughout Northwestern Connecticut & Fairfield County and including the surrounding towns of Ridgefield, Redding, Wilton, Bethel & Newtown.
As 2012 is now in full motion, mortgage rates are yet again lower than many ever thought possible. Although the U.S. economy is proving less resilient than hoped, we still credit much of the mortgage rate improvement toward continued economic turmoil in Europe and abroad. Spain and France were both downgraded by S&P last week, and talks have been strained with Greece and its creditors as they attempt to work toward a resolution to restructure existing debt. Germany also reported a fourth quarter loss to their GDP.
Some believe that the full impact of rating agency actions have yet to be realized by some investors, which could mean more investment could be driven toward U.S. debt, supporting lower interest rates. Greece is also quickly approaching March 20, where over $14 billion of their debt will mature and may require another bailout in order to avoid default. The European Central Bank summit will occur on January 30th, so we are likely to continue to see rate volatility due to news from Europe for the foreseeable future.
China’s fourth quarter GDP grew at the slowest pace in the last 2.5 years which is fueling the fire for lower rates. The U.S. economy reported higher than expected job loss after the holiday season and holiday retail sales also missed expectations, contributing toward rising inventories. Overall, investors last week sought shelter in safer investments such as U.S. Treasury debt and mortgage-backed securities, driving mortgage rates to all-time lows. Thursday will contain numerous economic reports (including the Consumer Price Index and Jobless Claims) that should give investors additional indications as to U.S. economic direction. Look for possible interest rate volatility toward the end of the week.
When the government extended the payroll tax cuts in late December, one of the provisions to compensate for these lower taxes was to be a fee imposed on all mortgages backed by Fannie Mae and Freddie Mac. With most current mortgage products backed by these Enterprises, we expect most mortgage rates to increase by 0.10% in the coming month. If you have a loan you have been working to close, you may want to talk with your VP of Mortgage Lending to get an idea if you can lock and close your loan before this fee is fully implemented
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Whose Coming to the Ridgefield Playhouse??
They’re back for another night of hits including…Love Shack, Roam, Rock Lobster, Private Idaho and many more! It has been said that the B-52's are as quintessentially American as the Beach Boys. And thirty years and over twenty million albums into their career, they remain the among the most beloved rock stars ever. Known as "the world's greatest party band," the B-52's have attracted legions of faithful, fun-seeking fans with their unique sound and electrifying stage show!
Looking to purchase your first home? Click here to request a complimentary copy of Your First Home: The Proven Path to Home Ownership.
Keller Williams Truck Rental
Contact me to reserve this Truck at (203)240-6777
We at Keller Williams Realty would like to thank you for your participation in our “mobile” advertising program on the back of our community truck. Our truck has been on the road since June 1, and we are delighted to report that it has been met with overwhelming enthusiasm by our clients, community organizations and individuals who need to move single bulky items or entire households.
The most notable use of the truck was a trip to Mississippi in support of the victims of Hurricane Katrina. A non-profit group in Ridgefield drove the truck loaded with baby diapers, furniture, clothing, and toys in October.
Your ad has been driven over 10,000 miles, in use and on the road every other day on average with literally millions of impressions! The contribution this truck is making to the community and its exposure in the marketplace continue to expand with every month.
We hope that you will consider continuing to support the operation of our community truck for the coming year. Your cost for your ad for the next six months is $_____ payable in six monthly installments of $_____
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