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48 Meriden Rd, Suite 1, Middlefield, CT 06455
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News

Mortgage Rates 101, Part 1: What is a Mortgage?

When people want to buy something now, but don’t have (or don’t wish to spend) the cash to buy it outright, they can instead use a loan (aka financing, borrowing, debt).  This typically involves an agreement between the consumer and a lender.  The lender provides the big chunk of money today (that big amount that…
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2022 is Already The Worst Year For Rates Since 1979

2022 has already had its fair share of bad news for mortgage rates, but this week was not to be outdone.  It began as just another reasonably bad week with rates moving moderately higher, but still safely under the recent 13 year high seen on the morning of May 9th.  But it ended with one of…
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Rates Bounce After 3 Weeks of Improvement; Prices Still Defying Gravity

By last Friday, rates had improved so much from recent highs that we were finally able to consider that 2022’s trend had shifted gears from “skyrocketing” to “sideways.” While that possibility can still be entertained, this week’s rates are definitely higher. Here’s how things look when we zoom in to just the past 6 weeks: Context…
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The Purchase Process

1.) Speak with us to get pre-qualified. 5% 2.) Submit Supporting Documents 10% 3.) Receive Pre-Approval Letter. 15% 4.) Work with qualified, and professional Realtor. (We can recommend people) 20% 5.) Find a home that you desire, and make an offer with the guidance of your realtor. 25% 6.) Take a copy of your check…
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6 Ways I Can Help You Sell More Houses

6 Ways I Can Help You Sell More Houses Can a loan originator help a Realtor sell? Realtors and home loan experts may work in the same industry, but they’re anything but competition. In fact, because of the distinct assets that both roles bring, loan originators and real estate agents often work better together. At…
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Mortgage Rates Are a Bit Higher (And Way Lower) Than You’ve Been Told

Mortgage Rates Are a Bit Higher (And Way Lower) Than You’ve Been Told Weekly Newsletter   It’s hard to avoid bad news about rising mortgage rates in 2022, but you can’t believe everything you read.  It is true that mortgage rates have been surging higher in 2022.  The most recent newsletter goes into greater detail about the…
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Stocks Are Suffering, But It’s Helping Rates Stabilize

Stocks Are Suffering, But It’s Helping Rates Stabilize Weekly Newsletter May 20, 2022 6:34 PM ET  In 2015 and 2018, the phrase “global growth concerns” was all the rage. The concept helped explain downward movement in stocks and rates that otherwise didn’t always have an immediate justification. Now in 2022, it’s time to bring it out…
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Best Week For Rates in Almost 2 Years, But There’s a Catch

Best Week For Rates in Almost 2 Years, But There’s a Catch Weekly Newsletter May 13, 2022 6:04 PM ET Mortgage rates have moved higher at the fastest pace in decades so far in 2022, but this week proved to be a refreshing exception.  To understand why, we first need to examine the relationship between stocks…
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Why Some Rate Quotes Are So Different And Why “Points” Are On The Rise

Why Some Rate Quotes Are So Different And Why “Points” Are On The Rise Weekly Newsletter May 06, 2022 4:26 PM ET It was yet another tough week for the mortgage market with rates rising to their highest levels since 2009, but how high have they actually risen? There’s a correct answer and then there’s the…
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