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Puccini Restaurant is a must visit, Cumberland Maryland

03-21-09
Carol Wills

This past week I had lunch at the Puccini restaurant in Cumberland Maryland. Wow! I have had the privledge of living in Como Italy and yet this might be the best pizza I have had. I had the Bianca pizza this week but I must tell you they have so many wonderful choices. It is wood fired pizza with a very thin chrisp crust. When you visit Deep Creek Lake it is a must visit.

Puccini Restaurant
Puccini Restaurant Puccini Restaurant was established in 2006, at the site of the Old Colonial Manor, L'Osteria Ristorante, and most recently JB's Steakhouse.

The Main building was built in 1819, and has been placed on the National Register of Historic Places. It served as a hospital during the Civil War Battle of Folck's Mill, the ruins of which are located a short distance from the restaurant. The wounded soldiers' etchings can still be seen on the plaster of the third floor walls.

Puccini, open daily for lunch and dinner, offers a casual dining experience in any of the four dining rooms on the main level, Sotto, on the lower level (formally the Wine Cellar), outside on the deck overlooking Evitts Creek, or under the front portico.

The most popular pizza at Puccini is the Buffalo Chicken, which comes from one of two wood fired pizza ovens located on the premises. Also on the menu are a variety of Pannini (Italian style sandwiches), Chicken Marsala, steaks, seafood, pasta, and salads, including the popular Iceberg Wedge and Antipasto salads.

Puccini also offers slow roasted Prime Rib Thursday through Sunday, and has a complete full bar with cocktails, imported and domestic beers, as well as micro-brewed beers on tap.

Six motel units are available.

Puccini is easily accessed from Interstate 68 either east or westbound @ exit 46 at 12901 Ali Ghan Road in Cumberland, MD. For reservations call 301-777-Puccini (7822).
Phone 301 777-7822
Address
12901 Ali Ghan Shrine Road, Exit 46
Cumberland MD 21502
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Mortgage Market in Review March 15th

03-15-09
Carol Wills

This is our weekly newsletter from our in house lender, Mary Lou Rohrbaugh. All of us love working with her and so do our clients.

Newsletter-March 16th, 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

Market Comment

Mortgage bond prices rose last week applying downward pressure on mortgage interest rates. The bond market as a whole absorbed the additional debt supply the Treasury issued. There were some surprises with the retail sales figure not being as weak as expected and significant stock strength. However, the Fed's continued efforts to pump money into mortgage bonds helped keep mortgage interest rates favorable. For the week, interest rates on government and conventional loans fell by about 1/4 of a discount point.

The Fed meeting Wednesday will take center stage. While the Fed is expected to leave rates unchanged their post meeting remarks will be carefully analyzed. The producer price index and consumer price index releases will be the most important data this week.

LOOKING AHEAD

Economic
Indicator

Release
Date & Time

Consensus
Estimate


Analysis
Industrial Production

Monday, March 16,
9:15 am, et

 Down 1.2% Important. A measure of manufacturing sector strength. Weakness may lead to lower rates.
Capacity Utilization

Monday, March 16,
9:15 am, et

71.1%

 Important. A figure above 85% is viewed as inflationary. A decrease may lead to lower mortgage interest rates.
Producer Price Index

Tuesday, March 17,
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.
Housing Starts

Tuesday, March 17,
8:30 am, et

 Down 2.8% Important. A measure of housing sector strength. Larger than expected decrease may lead to lower rates.
Consumer Price Index

Wednesday, March 18,
8:30 am, et

Up 0.3%,
Core up 0.1%

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

Wednesday, March 18,
2:15 pm, et

No change

 Important. Few expect the change rates, but some volatility may surround the adjournment of this meeting.
Leading Economic Indicators

Thursday, March 19,
10:00 am, et

 Down 0.6% Important. An indication of future economic activity. A smaller increase may lead to lower rates.

Foreign Demand

China's Premier expressed concerns last week about the US debt holdings they have. "We have made a huge amount of loans to the United States. Of course we are concerned about the safety of our assets. To be honest, I'm a little bit worried," Wen Jiabao said. "I would like to call on the United States to honor its words, stay a credible nation and ensure the safety of Chinese Assets." These remarks quickly caused panic in fixed income trading. The panic was eventually calmed but uncertainties were left regarding the future of the entire US debt market. China is the largest foreign holder of US debt and continues to debate future purchases.

Global investors are constantly searching for opportunities that will provide the greatest return with the least amount of acceptable risk. Investment products inherently all possess some sort of risk. As global financial markets struggled, many market participants searched for a safe haven in the US financial markets even with their shortcomings. With the backing of the US Government, investors viewed the US Treasury and mortgage bond markets as less risky investment opportunities amid global economic uncertainty. This resulted in an increased demand for US investments, such as the mortgage-backed securities that affect mortgage interest rates. Increased demand for mortgage bonds moves prices higher and interest rates lower. A reversal of this foreign demand could result in rates spiking higher. Caution is the key.

To unsubscribe, please hit "reply" and include unsubscribe in the subject line.


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-March 16th, 2009
Mary Lou Rohrbaugh
Mortgage Consultant
Prosperity Mortgage Company
23789 Garrett Highway
McHenry, MD 21541
301-387-0361 Tel
866-359-6174 Fax
301-616-8684 Cell
marylou.rohrbaugh@prosperitymortgage.com
www.marylourohrbaugh.com


This is an unsecured email service which is not intended for sending confidential or sensitive information. Please do not include your social security number, account number, or any other personal or financial information in the content of the email. This may be a promotional email. To discontinue receiving promotional emails from Prosperity Mortgage Company, click here: NoEmailRequest@homeloans.com. All first mortgage products are provided by Prosperity Mortgage Company. Prosperity Mortgage Company is licensed in New Jersey as a Department of Banking Mortgage Banker. Prosperity Mortgage Company may not be available in your area. All Rights Reserved. Equal Housing Lender.
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Our Resort Seminars are just a few weeks away!

03-13-09
Carol Wills

With Spring right around the corner, our Resort Seminars at Long and Foster, Deep Creek Lake, will be starting once again. They were a hugh succes last year and we actually had buyers that attended, buy second homes.

We cover topics such as Rental Income Opportunities, Different Types of Ownership, Market Updates and we have a question and answer session. We will have a schedule out soon. These seminars are hosted by many of the agents in our office. Sam and I will let you know when we are hosting a seminar, as soon as our schedules are released.

In the meantime if you would like us to send you some brochures or have questions, give us a call or send us an email. We welcome the opportunity to be of help.

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Still time to enjoy the Wisp Resort

03-13-09
Carol Wills

The Wisp Resort has been making snow this week, so there is still time to come to Deep Creek Lake and enjoy this beautiful resort community. There is not enough snow for Dog Sledding this weekend but you can certainly ski, snow board and have fun at the tubing park!

Photos, all rights reserved. Carol Wills

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With over 350 Brothers and Sisters, I know the value of Warm the Children

03-13-09
Carol Wills

My real estate partner, Sam Housley and myself have decided that Warm The Children will be one of our causes to support. I grew up in a Foster Home and with over 350 Brothers and Sisters, I personally know how important there programs are. As we head into Spring this is a great time to donate those coats that you know your kids will out grow before our next Winter. When you are in the Deep Creek Lake area, drop by our Long and Foster Office, on Garrett Highway and we will gladly accept your donations and get them to Warm the Children.

Warm the Children

For the past 11 years this small, rural community in Garrett County, Maryland has banded together to help children in need by providing warm clothing. 100% of all donations go to this effort, no administrative fees, no "paid" volunteers, just a small community working towards solving a problem; keeping children warm.

PLEASE CONSIDER DONATING TO THIS VERY WORTHY CAUSE.

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