Blog :: 01-2012

Burlington Vermont Hopes to Capitalize on Low Interest Rates

Green Interest LightMortgage Rates To Remain Low According to a recent article, the Federal Reserve has expressed their plan to keep interest rates low through 2014. What that will mean to people buying homes in theBurlington, Vermont area is that homes will continue to be more affordable. Over the lifetime of a loan, with a 4% interest rate, compared to one that is at 6%, can be a difference of $50,000 over the life of the loan. Additionally, monthly payments at these lower rates can save people hundreds of dollars each month in payments. With that said, it is a great time to buy a home when you can reduce your cash out lay so dramatically.Get started onyour Vermont Real Estate home search.


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    2011 Top Producers for CENTURY 21 Advantage

    South Burlington, Vermont Brian French, Shawn Kelley, and Jim Ross/Linda Murphyand Lori Dykema, sales associates with CENTURY 21 Advantage, were named the offices Top Producers in 2011.

    Brian Jim & Linda Shawn Kelly Lori  
    Their commitment to quality service exemplifies the tradition of CENTURY 21 Advantage to provide the absolute best Real Estate service in Chittenden County and the Greater Burlington area. Their dedication and exceptional marketing skills makes them some of the best in the business. Congratulations team! Meet these Top Producers and start your Vermont Real Rstate MLS Search today!


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      Vermont Mortgage Rate Update

      Mortgage Rates at an all time low

      Mortgage Rates Remain Low in Vermont

      According to the Freddie Mac Primary Mortgage Market Survey, average fixed mortgage rates have held steady in recent weeks. For five weeks in a row, average rates on 30-year fixed-rate mortgages haven't increased over the 4 percent mark. At the same time last year, the average rate on 30-year FRMs averaged 4.46. While the 15-year FRMs held steady at an average of 3.3 percent from the week before, rates are down an average of 0.51 percent from the same time last year. Adjustable-rate mortgages, meanwhile, have also fallen to record lows.

      Good News for Home Buyers

      The loss of percentage points is good news for home buyers. Due to these low mortgage rates, home affordability has never been higher. And it seems as if home buyers and homeowners looking to refinance are taking advantage of this opportunity. Data from the Mortgage Bankers Association's Weekly Mortgage Applications Survey shows that for the week starting November 28, mortgage applications were up 12.8 percent from the previous week.

      An Increase in Consumer Confidence

      The Conference Board Consumer Confidence Index improved from October to Novemberjumping from 40.9 to 56.0 percent in the span of a month. A decrease in mortgage rates and an increase in consumer confidence may help explain the recent report from the National Association of Realtors, which shows a sharp increase in pending home sales, from 84.5 percent in September to 93.3 percent in October.

      Higher FHA Loan Limits

      Buyers looking for a home in one of the country's high-priced housing markets just caught a break. The recent passing of a bill reinstated the former limit of $729,750 for Federal Housing Administration-backed mortgages in high-priced areas, effectively canceling the October imposition of a $625,500 ceiling. Unfortunately, Fannie Mae and Freddie Mac backed loans won't see an increase in line with the FHA. The rise in mortgage applications and pending home sales means many people are taking advantage of these record-low mortgage rates. If mortgage rates remain at record lows, more Americans should regain their confidence in the real estate market. Read on for information on affordability and to estimate monthly mortgage payments. Sign up for our monthly e-newsletter!


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        CENTURY 21 Advantage in South Burlington VT Announces Top Producers for December

        South Burlington, Vermont Brian French, Shawn Kelley, and Jim Ross/Linda Murphy sales associates with CENTURY 21 Advantage were named the offices Top Producers for the month of December. CENTURY 21 Advantage would like congratulate Brian, Shawn, Jim/Linda for their hard work and dedication to helping the home buyers and sellers of the Greater Burlington and Chittenden County area. Brian, Shawn, and Jim/Lindas competitive intelligence, professionalism and dedication have made them a valued and trusted real estate resource for the Chittenden County community and a major contributor to the overall success of our office as a whole.

        Brian Shawn Jim & Linda  
        Read testimonials or browse their listing for Brian French, Shawn Kelly, and Jim & Linda.


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