Friday, August 31, 2007

Daytrip of the Month



Looking for a perfect day trip? Grab a picnic basket, and take the drive up scenic RT 7, to the Berkshires, Mass. Our destination, "The Mount," Edith Wharton's estate, now open to the public. The formal gardens are amazing - and well worth the trip. Unwind and explore this turn of the century mansion and winding paths. For directions and visitor info: http://www.edithwharton.org/

August Blues

As Labor Day approaches, I can't help but shake my head at August. With the mortgage industry having a mini nervous breakdown, buyers and sellers were feeling unsettled. The last week has brought out some great rate quotes from local lenders, including jumbo loans, which had a week of higher then ever rates. I just read this morning that Pres. Bush is looking into how to help sub prime borrowers and loans in default, see article: http://www.msnbc.msn.com/id/20524454/ . It will be interesting to see what actually transpires from the White House and how it affects us here in NW CT.

Despite the large variations in jumbo rates, the million plus buyer crowd remains very active, and our usually brisk fall season shows signs of a healthy start up going into Labor Day weekend. Goodbye August!!!