Buckfield Maine Area Homes For Sale 04220

Archive for March, 2011

The temperature here in Maine is steadily on the rise. Every day there is a noticeable snow-melt and in some areas we are already experiencing Maine’s most famous and notorious SEASON, Mud Season. All this being said, Spring is just around the corner which means Daylight Saving Time begins at 2:00 a.m. on March 13, 2011. Don’t forget to change your clocks this Sunday! Daylight Saving Time starts the second Sunday in March and reverts to standard time on the first Sunday in November. In the U.S., each time zone switches at a different time.Want to know more about DST and where it is not observed? I found this site informative, visit http://www.webexhibits.org/daylightsaving/b2.html Want to know more about Mud Season? It happens every year when the frost starts to come out of the ground and affects everyone using dirt drives and pathways. Just pay us a visit and you’ll experience it first hand!

Photos via Its Time To Change Your Clocks! | New Gloucester Maine Homes For Sale.

As economy improves, mortgage rates go up

After record lows, mortgage rates have continued to rise in the last few weeks. They are technically still considered “low,” in comparison to years past, but with each increase, a home is that much less affordable. As the interest rate rises, so do monthly payments.

As of mid-February, the average rate for a 30-year fixed rate mortgage was 5.05% in the week that ended today, according to Freddie Mac, up from 4.81% the week before.

In a separate report, the online lender LendingTree.com reported the average 30-year rate was even higher, rising to 5.31% in the last week.

Frank Nothaft, vice president and chief economist at Freddie Mac, explained that long-term bond yields jumped because of recent reports of positive economic data. Lower unemployment rates have also been good news, but tend to have an opposite effect, translating into higher borrowing costs.

If you need help finding a lender, Meservier & Associates of Keller Williams Realty Mid Maine maybe able to help. Send an email  at agent@meservier.com or call us at 207-784-2525.