Expert Advice from Amy & Kyle Bergquist at Keller Williams Legacy Partners
Mortgage rates have ticked upward over the past few days in response to market activity around the 10-year Treasury Bond. According to BankRate.com, the average interest rate for a 30-year fixed mortgage has increased from 5.00% to 5.39% in just a few days. An article in today’s Wall Street Journal goes so far as to proclaim that “Mortgage Rates Surge, Sap Hopes.” They cite similar interest rate figures from a different source and quote two
People generally understand that real estate is local. The markets are driven by regional economies, which ultimately depend on the number and type of jobs in the area. Therefore local data is more relevant than national data in most real estate decisions. Local data is gathered, analyzed and published by diverse groups and individuals that range from specialty firms to local bloggers. Because every home is unique and towns have wide ranges of home types,
Who says there is no money out there to borrow against home equity? After doing a little business with Bank of America in downtown Hartford the other day I was surprised to see a big sign in their lobby announcing Home Equity Lines with rates of 4.24% for $50,000 and $100,000 lines. The gentleman at the info desk assured me that not only was it still possible to get a home equity line, but that
I’m very excited to announce that Kyle Bergquist has joined the Greater Hartford Real Estate Blog and my residential real estate practice on a full-time basis. As many of you know, Kyle is my husband and has been a regular contributor for quite some time. His bio has been available on the site for a while so I’m not going to rehash the gory details. I will say that he is a smart, creative and
It’s been a big day for real estate in the national news. The Wall Street Journal had three articles that caught my eye. And then Case-Shiller data was also announced this morning. First was the front page piece titled Price Cuts Spur Home Sales. December existing home sales data was released on Monday. The market had expected another month-over-month decrease after November’s 9.4% drop in the number of transactions. However, the December report showed a