Tuesday, November 27, 2007

What's happening in the market?

What's Happening in the Market? by Patrick Cicala, Countrywide Home Loans

Investors are returning from their Holiday to find a very active week of economic data awaiting them. We're close to year-end for a number of big mortgage investors who may choose to take profits and lock-in bonuses, which could limit the prospect of notably lower mortgage interest rates as the last couple of trading weeks for 2007wind down.

And that's what's Happening in the Market,


Current Rates (No Points)

Conforming 30 Yr Fixed @ 6%

Conforming 5/1 ARM @ 5.625%

Jumbo 30 Yr Fixed @ 6.75% (>600k)

Jumbo 5/1 ARM @ 5.625% (>600k)

For qualified Full Doc Purchase Applicants only, based on 30 day pricing...can close in 1 day to save your deal!

Where is Patrick?

He will be out recruiting Loan Officers in a neighborhood by you ...


NJ Mortgages

Suburban Chamber of Commerce

Mortgage Industry News

Never hesitate to call me on the weekends to Preapprove your Customers, or assist with your Public Open Houses!

Ask Patrick!

Last Week's Question:
Is 100% Financing still available?

Answer: Yes, upto $417,000 with full documentation.

(Simply reply to this email with a question, and I will post the answer next week)

Direct @ (908) 252-3956, or email @ Patrick_Cicala@Countrywide.com

Tuesday, November 20, 2007

Great NEW Price!


Location, location, location!!!
Welcome to this beautiful brick front colonial which is located in one of Long Hill Township’s most sought after neighborhood…Stirling Ridge! This home offers a spacious, tiled entry and a large eat-in-kitchen with sliders to a deck overlooking a peaceful backyard. There is a cozy, sunken family room with a brick fireplace, formal dining room with chair rails and a sunken living room, both with beautiful hardwood floors. You have a large master bedroom with cathedral ceilings, 2 walk-in-closets and master bathroom with a relaxing soaking tub. Your full, finished basement has a large entertainment room and a custom wet-bar. There are two additional rooms for either an office, guest room or exercise room. Minutes from NYC trains!

For additional pictures and a virtual tour, visit my web-site at www.longhilltownshiphomes.com.

Thursday, November 8, 2007

New Listing in New Providence, NJ

Almost new from top to bottom! New enlarged first floor master bedroom with double closets and new master bath. New kitchen with granite countertops and stainless steel appliances open to the dining room. Two more bedrooms (one with a walk-in closet) and new bath on the second floor. Entire interior freshly painted and hardwood floors refinished. The basement includes a new family room, playroom and laundry room with cabinet and countertops. There is an outside entrance to a patio, 2 car garage and driveway which are all new! Plus, new cedar shake vinyl siding and a new roof. This cape has the best of both worlds…walking distance to downtown shopping and restaurants, minutes to NYC train & bus. At the end of the day, relax in your own spacious backyard overlooking the tranquil Passaic River Parklands!

PRICE REDUCTION - 248 Tanglewood Trail, Gillette, NJ


Move right in to this beautiful custom colonial nestled at the end of a cul de sac. This home offers a two story foyer, front and back staircases,3 fireplaces, a sunken living room and family room with a vintage mantel. There is a large EIK with center island and granite counter tops, formal dining room and library. Enjoy your 35ft master suite with 2 walk in closets, a sitting area and fireplace.Your master bathroom has a jacuzzi tub with an over-sized stall shower and two vanities. The full finished basement has a large recreation room with a fireplace and a game room. All this and a gorgeous, level backyard boasting a very private serene setting!
In walking distance to NYC trains and buses.

For more pictures and a virtual tour visit my web-site at: www.longhilltownshiphomes.com

Saturday, November 3, 2007

Educating your buyer's on what a great time it is to buy a home!

At a recent "Star Power" Real Estate Summit, here in New Jersey, one topic that was agreed upon by myself and my fellow Realtors is that it is our job as Real Estate agents to educate the consumer on what a brilliant time it is to buy a home and turn off the T.V! Enough of the negative press. As of today, November 3, 2007, the current interest rate for a 30 year fixed mortgage (conforming)is 6.273%. That is a great rate! So, where are all the buyers hiding? What are they waiting for? If they are waiting for the prices to drop, or "bottom out" seems to be a common term now a days, do your job as a Realtor an educate them on the amount of money they will save over the period of the loan with a low interest rate, rather than wait for a lower price and a higher rate which will ultimately cost them MORE money.

Dianne Sommers - Realtor