Expert Advice from Amy & Kyle Bergquist at Keller Williams Legacy Partners
Yesterday we went over some of the reasons why the current low interest rates are unlikely to spur a dramatic wave of refinancing activity. However, trying to capture a lower interest rate may make sense for homeowners that have equity in their property, strong credit scores and available cash. Today we’re going to run some numbers to try to quantify the benefit of a lower interest rate. Assumptions 1. Homeowner purchased a home one year
That is the question. Whether ’tis nobler to suffer the slings and arrows of higher monthly interest payments, or to take arms against the current mortgage, and by refinancing, to end it. Interest rates are back down to historic low levels. The chart at left is from Bankrate.com and shows the average interest rate for 30-year fixed mortgages in Connecticut over the past 5 years. Large mortgage rate drops historically lead to a boom in
I’m not exactly sure what is going on this spring, but my buyer clients seem to be multiple-offer magnets. And the properties we’re looking at aren’t necessarily hot, new listings. Some of the homes have been on the market for quite some time. One of the trends that I’m noticing with multiple offer situations in a “buyers market” is the fact that the properties aren’t necessarily going at or over asking price, even though there
Before the Elizabeth Park gardens reach their spring best, the greenhouse takes center stage. The Spring Flower Sale will be held on Saturday, March 21st between 10:00 and 2:00. Get there early if you’d like to choose from the best options. Here are a few shots from this year’s greenhouse show.
The next downtown residential project to begin renting is going to be the Hollander Foundation Center at 410 Asylum Street. The drywall is up inside and work crews are making steady progress towards their August 2009 completion goal. Common Ground, the project developer, is currently looking for retail tenants for six ground floor retail suites. Rental applications for the apartments will be available later in the spring. Plans for 410 Asylum have changed dramatically over