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Mc Henry, MD

Top 10 FAQ's Regarding Deep Creek Lake, MD

Real Estate @ Deep Creek  Long & Foster: Real Estate Brokerage in Mc Henry, MD

1. How large is Deep Creek Lake?
Deep Creek Lake is Maryland's largest freshwater lake encompassing 3,900 acres with 65 miles of shoreline. Its average depth is 26.5 feet and 72 feet at its deepest.

2. What is Garrett County's elevation range?
Garrett County's average elevation is 2,300 feet above sea level. Its highest elevation, on Backbone Mt. (highest point in Maryland) is 3,360. Deep Creek Lake is around 2,455 above sea level.

3. What type of activities go on around the lake?
(Is there enough room here?). Boating, Swimming, Kayaking, Water-skiing, Alpine-skiing, Rock-climbing, Wake-boarding, Dog-sledding, Whitewater-rafting, Golf, Mountain Coaster, Hiking, Biking, X-country skiing, Snowmobiling, Fishing, Ice-skating, etc. Nearly every outdoor activity you can think of.

4. How much snow falls in the Deep Creek Lake area?
Average yearly snowfall---116" - more than Fairbanks, Alaska.

5. What is the average temperature at Deep Creek Lake?
It is consistently 10-15 degrees cooler here than in the Baltimore/Washington Metro area. The average temperature is around 68 degrees in the summer and around 30 degrees in the winter.

6. Does Garrett County have any state parks or forests?
Do we ever! We have 7 state forests and parks. Savage River State Forest is the largest in Maryland. This county has over 90,000 acres of publicly owned lands.

7. How far away is Deep Creek Lake?
Here are some distances from nearby metropolitan areas:
Baltimore-177 miles; Washington, DC.-161 miles; Pittsburgh-96 miles; Cleveland-255 miles; Philadelphia-282 miles; Richmond-224 miles; New York-355 miles.

8. What is Wisp Resort?
You haven't heard about it yet? Wisp Resort is the Mid-Atlantic's premier four-season resort. It is becoming known as "The Little Tahoe of the East." There are too many things happening at Wisp to list here: from a world-class whitewater course to the best snow-making capabilities in the world. Call for a complete update on Wisp Resort.

9. Are there any real estate investment opportunities at Deep Creek Lake?
You must be kidding??? This area is the most exciting area in the region to be looking at real estate. Where else are you going to find stunning scenery, a true four season resort area, a nearly 4000 acre lake at the bottom of an ever expanding ski resort all within 400 miles of 60% of the nation's population.

10. How soon can I get a break from my hectic life and come to Deep Creek Lake, MD?
That one's in your hands.

Submitted by Andrew Eiswert

Segway Meets Bears??!!

07-22-09
Carol Wills
Carol Wills: Real Estate Agent in Mc Henry, MD

Mama Bear and Baby Bear could smell all the wonderful food we had for a Birthday, Housewarming and Celebration of friends, the night before. What they did not know is that the Segway Man, was coming down the driveway, after exploring Deep Creek Lake at 12 miles an hour.

It could of been a real disaster as Mama Bears are very protective of thier young and the Segway can not out run the bear. But thanks to some kids next door that were out and about playing, they yelled, Bears, bears in your garage, just in time for the Segway and owner to turn around in the driveway. With the garage doors closed, the bears moved on and the Segway Man came home!

WHY Buy at Deep Creek Lake!

07-22-09
Carol Wills
Carol Wills: Real Estate Agent in Mc Henry, MD

Our Buyer Resort Seminars are up and running, at Long and Foster, Deep Creek Lake.

They are offered every Thursday through out the Summer at 10:00 A.M.

These were successful last year and I actually closed some buyers. The feed back was that they learned alot about the area and the information helped them make an informed decision. Some topics include Types of Real Estate, The difference between LakeFront, LakeAccess and Split Lake Access Homes, Dock Types, Should you rent? Places to Shop, Eat and Explore.

If I know in advance you are coming to the area and you can not make our Thursday Seminar, I will give you a personal one on one Seminar and Tour. I have several on the schedule so I do need advance notice.

Carol Wills, Long and Foster, Deep Creek lake Office 571-214-3544

Its all about the lake activites, places to shop, eat and explore. WWW.DEEPCREEKLAKE360.com

New web site that is all about Deep Creek Lake!

07-22-09
Carol Wills
Carol Wills: Real Estate Agent in Mc Henry, MD

Deep Creek Lake has a new web site that is all about the lake. It spotlights places to eat, shop and explore. It is loaded with great photos of the area and even lets gives you information on other areas of interest out side of Deep Creek Lake. Frank Lloyd Wrights Fallingwater is less than an hours drive and is very senic as you get into parts of Pennsylvania. You can also view all the real estate that is offered for sale on this site. Have fun and enjoy this site.

http://www.deepcreeklake360.com

Come and explore this awesome 4 Season Resort

Mortgage Update 6 16 09

Real Estate @ Deep Creek  Long & Foster: Real Estate Brokerage in Mc Henry, MD

Newsletter-June 15th, 2009

Provided by
Mary Lou Rohrbaugh

Mary Lou Rohrbaugh
Prosperity Mortgage Company
23789 Garrett HIghway
McHenry, MD 21541
Phone: (301)387-0361
Fax: (866)359-6174
Cell Phone: 301-616-8684
E-Mail: marylou.rohrbaugh@prosperitymortgage.com

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Market Comment

Mortgage bond prices had another volatile week pushing mortgage interest rates higher. US debt concerns played the biggest factor in rate swings as worries continued that countries would shift out of US dollar holdings. Russia indicated a willingness to move some reserves from US Treasuries to International Monetary Fund bonds. Retails sales rose 0.5% as expected but the positive figure reinforced the belief that the economy is turning. Oil prices continued to escalate hitting over $72/barrel. For the week interest rates rose by 1/4 of a discount point.

The consumer price index Wednesday will be the most important release this week. Strength in the other economic data will do little to help mortgage interest rates improve.

LOOKING AHEAD

Economic
Indicator

Release
Date & Time

Consensus
Estimate


Analysis

Housing Starts

Tuesday, June 16,
8:30 am, et

Up 6.9%

Important. A measure of housing sector strength. Weakness may lead to lower rates.

Producer Price Index

Tuesday, June 16,
8:30 am, et

Up 0.4%,
Core up 0.1%

Important. An indication of inflationary pressures at the producer level. Lower figures may lead to lower rates.

Industrial Production

Tuesday, June 16,
9:15 am, et

Down 0.5%

Important. A measure of manufacturing sector strength. Weakness may lead to lower rates.

Capacity Utilization

Tuesday, June 16,
9:15 am, et

68.6%

Important. A figure above 85% is viewed as inflationary. Weakness may lead to lower rates.

Consumer Price Index

Wednesday, June 17,
8:30 am, et

Up 0.2%,
Core up 0.1%

Important. A measure of inflation at the consumer level. Lower figures may lead to lower rates.

Leading Economic Indicators

Thursday, June 18,
10:00 am, et

Up 0.9%

Important. An indication of future economic activity. A smaller increase may lead to lower rates.

Philadelphia Fed Survey

Thursday, June 18,
10:00 am, et

Down 16.4

Moderately important. A survey of business conditions in the Northeast. Weakness may lead to lower rates.

Consumer Price Index

The Consumer Price Index is widely accepted as the most important measure of inflation. The CPI is a measure of prices at the consumer level for a fixed basket of goods and services. The National Statistics Office and the Bureau of Agricultural Statistics of the Department of Agriculture collect price data for the computation of the CPI. Since it is an index number, it compares the level of prices to a base period. By comparing the level of the index at two different points in time, analysts can determine how much prices have risen in that period. Unlike other measures of inflation, which only factor domestically produced goods; the CPI takes into account imported goods as well. This is important due to the ever-increasing reliance of the US economy upon imported goods. Analysts primarily focus on the core rate of the CPI which factors out the more volatile food and energy prices.

High oil prices continue to weigh heavily upon the financial markets. The health of the economy remains uncertain. The Fed has itself in a precarious position of wanting to stoke the economy amid the real possibility of increased inflation.

Market participants expect the consumer price index to be critical heading into the Fed’s meeting next week. Inflation friendly data may lead to improvements in mortgage interest rates. However, unexpected consumer price spikes may push interest rates higher in the short-term. A cautious approach to float/lock decisions is prudent.

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Copyright 2009. All Rights Reserved. Mortgage Market Information Services, Inc. www.ratelink.com The information contained herein is believed to be accurate, however no representation or warranties are written or implied.

MORTGAGE MARKET IN REVIEW

Newsletter-June 15th, 2009