Blog :: 07-2011

Beautifully restored farmhouse on 11.47 Acres with breathtaking views of Lake Champlain and the Adirondacks. Original woodwork throughout and a

combination of Birch, Maple, Spruce and Pine floors all like new. Large Master bedroom with full bath, sitting/exercise room and huge walk in closet.

$2,450,000 1046 Ethan Allen Highway, Charlotte, VT  05445


House now sits on a new foundation after being moved and has been built to accommodate additional finished space in the walkout lower level. Full walk-up attic also allows for further development. The kitchen boasts granite counter tops and custom cabinetry along with the old Hoosier style cabinet and large walk in pantry. 15x25 Mahogany deck overlooks the pond and a backdrop of Lake and mountain views. The 40x120 foot barn has been substantially renovated and sits on a brand new foundation. CLA for details on uses and approvals. Barn siding on east & west sides will be replaced!

How will a debt downgrade affect mortgage rates?

Given the inability of Congress and the Senate to come to an agreement over the budget crisis, most experts believe that the nation's credit rating will be downgraded a notch.

Although it is impossible to figure how much treasury yields, and thus mortgage rates, which typically track the 10 year treasury yield, will rise as a result,  it is likely that rates could spike as much as 1/2% to 1% in order to compensate investors for the added risk.  Once the debt crisis is resolved rates will fall back to the range they are in now unless any  resolution ignores the long term need to reduce the ever growing federal deficit.From NY;

For full story:

Congratulations to Our Top Agents - June 2011

We would like to recognize and congratulate our top agents for June 2011.

Martha Lange (Montpelier office), Chuck Burns (Burlington office), Robbi Handy Holmes (South Burlington office) and Lori Pinard (Montpelier office) were our top producing agents in closed business. Warren Palm (South Burlington office), Joanie Keating (Waterbury office), and Martha Lange (Montpelier office) were our top agents in opened business. The Hometown Team (Milton office) was our top team.

These agents are leaders and innovators, empowering local homebuyers and sellers with valuable information, helping them to make informed real estate decisions. We are proud to have them on our team.

Real Trends reports "Home Prices, Inventory Levels Trend Up

Home prices and inventory levels are trending upward in many U.S. cities tracked by Altos Research, according to the firm's latest Housing Market Update.

The median national home price for all 26 markets covered by Altos hit $450,358 in June, up from $444,273 in May.

Meanwhile, in the past three months, listing prices rose 2.31% and inventory levels grew 3.52%."

According to the Northern New England Real Estate Network, Vermont's median sale price is now $198,850 up from $194,000 in June 2010. Vermont's residential inventory though is down 7.13% from last year. With today's low interest rates, now is a great time to buy real estate.


Century 21 Real Estate LLC, the franchisor of the world's largest residential real estate sales organization, was recently accepted into the American Society for Training & Development (ASTD) Forum, a consortium of public and private organizations joined together in a collaborative lab environment as a learning community to share and compare practices in order to improve the learning function's impact on business results.

CENTURY 21® Real Estate is the first real estate organization to be accepted into this elite learning group whose members consist of a select group of leading multinational companies including American Express®, The Boeing Company, and Wells Fargo.

Century 21 Jack Associates is proud to be part of a company that puts such an emphasis on training its members to be the best and most professional service providers in the real estate industry.

Great Credit Score = Great Rate

Rates are near rock bottom again.............but not for everybody.

Prior to the mortgage crisis, a credit score of over 700 would get you the lowest rate available.   Now for FNMA/FMAC conventional mortgages at 80%  loan to value, if your score is below 720 your rate is typically higher by .25% .  If your score is below 660 then your rate is typically .75% higher.   To illustrate how this has changed the face of mortgages industry take a look at this statistic:

During the years between 2003 through 2007,  an average of only 3.7% of Fannie Mae Mortgages had credit scores of 750 or greater.  So far this year 79.1% of Fannie Mae mortgages have credit scores of over 750. with only 20.9% below 750.  This trend may bode well for the strength of  the Fannie Mae/FMAC portfolio going forward, once the large number of existing troubled loans are slowly reduced over time.

It also shows how critical it is for one to have not only good credit, but outstanding credit if you want the best rates available.

From Wall St. Journal article 7/10/11 with source of data from RBS

Call Jonathan Rodd, Mortgage Advisor with Century 21 Mortgage in Vermont.  Call for free pre-approval: 802-683-0812

Enjoy the 4th on Lake Champlain.

We wish you a safe and happy 4th of July and hope that you enjoy the long weekend on and around Lake Champlain.  After a spring of heavy rains and flooding, Lake Champlain is ready for us to enjoy summer.  The following information is from The Lake Champlain Regional Chamber of Commerce.

Baby, We're Back: Join us on the Lake!

Swim, sail, bike, and run....Lake Champlain is open for fun!

Lieutenant Governor Phil Scott has teamed up with the Lake Champlain Regional Chamber of Commerce and waterfront businesses to send the message that Lake Champlain and its surrounding recreational paths and attractions are open for the summer and residents and tourists alike can enjoy all their usual activities - sailing, swimming, fishing, a run on the bike path, and so much more! Baby, we're back!

As part of this campaign, the Chamber is releasing a daily video every day this week and urging all local tourism and hospitality businesses to post these videos and other information on their social media outlets and websites. The central location for all lake-related information is, and each day's video will be posted there, along with photos, lists of open marinas, and more! (To have your information listed, email

Here are the first two....stay tuned on our Facebook page for videos featuring the Lt. Governor and Chapin Spencer coming this week!