December 2010

There are 2 blog entries for December 2010.

I'd like to welcome mortgage banker Chris Devin to the Terrier Residential real estate blog.  He will be providing weekly guest posts on mortgage rates.  His contact info is below if you need any assistance with a refinance or purchase home loan.

Mortage Rate Watch

After seeing rates sky rocket this week, I expect the 10 YR and MBS’s to stabilize or improve over the next few days. However, any improvement won’t likely change the longer bearish outlook.

Across all time frames of closing a loan right now I would recommend locking as the markets have shown us they are extremely volatile. The phrase “rates go up like a rocket ship and fall like a parachute” remain true.

  • 30 YR Fixed Rate 4.625% 0 points
  • 5 YR ARM (LIBOR Index) 3.5% 0 points
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Terrier Residential has acquired Bluechip Realty Group!

I'm thrilled to announce Terrier Real Estate has acquired Bluechip Realty Group and South Boston power agent M.T. Fox.  Bluechip was one of the premier real estate brokerages in South Boston with over $60 Million sales in the last 5 years.  M.T. Fox has been one of the top agents in South Boston for the last 20 years, with over $40 Million in sales in the last 5 years alone.  This merge will certainly continue the growth and vision I have for the company and should position us to achieve record numbers in 2011.
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