Home sales still strong…
Category: Industry News
Mortgage industry updates, market trends, and local Connecticut regulations.
We Can Now Offer Fannie Mae RefiNOW
Beginning June 5th, Fannie Mae announced a new refinance option, RefiNOW.
What Consumers say they will do if they can’t Find A House
What people are doing if they can’t find a home in this HOT housing market.
The Connecticut housing market remains HOT!
With limited stock available, potential buyers are often outbidding each other OVER and ABOVE the listed price.
Rise in Home Values Negating Low Mortgage Rates
Homes priced below 75% of the local median price had 14% annual appreciation, negating most of the benefits of record-low mortgage rates.
2021 Mortgages Getting Off to a Great Start
More and more people are closing on new homes. And Burke Mortgages is getting 5-STAR reviews! Connecticut’s housing market is as HOT as it has been in over a decade! Buyers are buying and sellers are selling. Best advice for sellers? It’s still very important that you make a positive first impression from the outside Read More
Generational Credit Score Averages Going UP!
Reports from Experian say that ALL generations have boosted their credit score averages by 1-11 points from 2019 through 2020!
Connecticut has seen an influx in the number of people moving into the state.
MyMoves reports that since the onset of COVID19 Connecticut has experienced an influx of people moving into the state.
Existing Home Sales Report
May data available!
Connecticut Mortgage Payment Relief During COVID-19 Crisis
Connecticut residents experiencing economic hardships due to the COVID-19 pandemic may receive a 90-day grace period to make mortgage payments.