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Business

Are the Utility Companies Duping the Public?

February 23, 2010

[Ever since we had our home energy audit done back in November, we’ve gotten several more solicitations from companies offering to do one for us, and only charge us $75. Luckily, since we are Wallingford residents our energy audit cost us nothing, as the cost was covered by the town. As we’ve said before, energy [...]

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New Credit CARD Act Takes Effect Today

February 22, 2010

The new Credit Card Accountability, Responsibility and Disclosure Act (CARD) goes into effect today and is meant to end many of the abusive practices that credit card companies have been using for years to gouge their customers. According to the law, nasty tricks like hiking interest rates on existing balances and exorbitant penalty rates will [...]

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Wallingford PZC Approves CT’s First Sonic Drive-In

February 8, 2010

Wallingford PZC Approves CT’s First Sonic Drive-In
The meeting at Wallingford’s Town Hall tonight was approaching the 2 hour mark. Many questions were posed by the commission to the applicants, some seemingly more than once. Residents spoke their minds about the proposal, both for and against it, and even though every question was answered and every [...]

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Mortgage Rate Update 12/11/09

December 13, 2009

This week’s economic news was mixed for mortgage markets. A speech from Fed Chief Bernanke pushed mortgage rates lower early in the week, but weak results in the Treasury auctions caused them to turn higher again later in the week. In the end, mortgage rates finished with little net change.
Despite a stronger than expected November [...]

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Mortgage Rate Update 5/1/2009

May 1, 2009

In anticipation of the announcement of favorable new Fed actions, mortgage rates moved lower early in the week. Some investors were looking for the Fed to expand its purchases of Treasury securities, which would be positive for mortgage rates. Those investors were disappointed, however, as the Fed announced no new initiatives. The Fed made no [...]

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Mortgage Rate Update 4/24/09

April 24, 2009

Mortgages rates started the day higher, but are beginning to recover. The strength of equities has started to sell off on details of the bank stress tests. This sell-off is starting to drive some investors back to the safety of bonds, which is recovering the MBS market back to a mortgage rates neutral level for [...]

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Mortgage Rate Update 4/10/09

April 10, 2009

Mortgage rates moved up slightly for the week nationally (but stayed at last week’s rates here), and remain under 5%. The short holiday trading week and little economic reporting supported mortgage rates holding flat through most of the week. Mortgage rates still remain below 5%–a historically low level. This stability has increased housing demand and [...]

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Does Your Uncle Understand The Subtleties of Home Inspection?

April 9, 2009

This is the first in what will be a series of posts by experts in various fields related to real estate, such as home inspection, mortgages, and home improvement. This inaugural post is by Jim Quarello, founder of JRV Home Inspection Services in Wallingford, CT. Find out more about Jim and what he can offer [...]

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Meriden Market Update March 2009

April 8, 2009

The Meriden housing market continues on a mediocre pace. Single family home sales were down 25% from February, but pending sales were up. Total listings were down, while average days on market increased as older inventory was sold, but average selling price decreased slightly.
Condo sales, on the other hand, have been increasing over the past [...]

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Mortgage Rate Update 4/3/09

April 3, 2009

Mortgage rates seem ready to stabilize for an extended period of time, and our rates this week remain unchanged from last week. The stock market ended the quarter on another down cycle and corporations struggle through another tough quarter. This contributed to some additional improvement in mortgage rates early in the week, but returning to [...]

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