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Carol Wills

Deep Creek Lake Real Estate Market, March 2009

03-11-09
Carol Wills

Our Deep Creek Lake real estate market is certainly a buyer's market. However, we do not have the amount foreclosures or short sales around the lake and mountain as many other areas do. I think that is because we are primarily a second home market and many of our sellers don't need to sell. They have the luxury of trying to get their asking price or waiting out the market.

With all that said there are still some excellent deals and with interest rates low, it is a great time to get into the Deep Creek Lake Real Estate Market. Sam and I have had several investors just this past month alone take advantage of some wonderful opportunities and buy some properties.

Why wait till the market gets great and then you have to compete for homes, for more money and for a higher interest rate.

If you are thinking about buying or selling, we welcome the opportunity to earn your business. We are never too busy to help you.

Bear Claw Snow Tubing Park at Deep Creek Lake is a Blast!!

03-11-09
Carol Wills

Photo is from my private paid collection, All rights reserved

Bear Claw Snow Tubing Park, Deep Creek Lake

This is great fun and the good news is that you wont have to hike back up the hill. You must use the tubes provided. This sport is popular as everyone can do it. No lessons and expensive equipment. Just hop on a tube and connect to a rope tow that will take you to the top. Get ready to scream and laugh!!

In compliance with State of Maryland Regulations, in order for children to participate they must be at least 42" tall.

Dress appropriately, Warm clothing including gloves and winter footwear are advised. Loose clothing, such as scarves, are not permitted.


Bear Claw Snow Tubing Park opened in December 2001. The park is open seven days a week throughout the winter season. Snow tubing is conducted in specified two-hour sessions.


*Tickets go on sale 1/2 hour prior to the park opening each day, please arrive early. Session Times do sell out on weekends and holidays, Advance Sales are recommended. Please book in advance by calling 301.387.4911 - Advance sales only one week prior to date. ** There are no refunds or exchanges on dates or times of tubing sessions.

**Season Pass Holders and Wisp Card Holders please call 301.387.4911 or visit the Tubing Park to purchase your discounted tickets. *Discounts not available Holidays.

Will-O-The-Wisp, another great place to stay or purchase, Deep Creek Lake

03-09-09
Carol Wills

As much as I love Silver Tree Suites I also love Will-O-The-Wisp. It is an older complex but all the units are on the water. Each unit is privately owned and most all are in the rental market. I used to own one of these and we totally renovated it. It is unit 709H. Some of these units are also being offered for sale.

If you would like to know more about this Condo Hotel, give me a call or email me, as I am never too busy to talk with you. Here is some more information.

On the shore of Deep Creek Lake...

A perfect place for pleasure...

A perfect place for business...

Business rates (some restrictions apply during peak season)

Free wireless Internet access

Business retreats & meeting rooms

Indoor pool, whirlpool & sauna

Exercise & game rooms

Racquetball Court

Daily housekeeping

All suites overlook the Lake

Located near area attractions

Sandy beach & picnic area

Complimentary boat docking

Marina on premise

There is also a 4 season restaurant on site. It is wonderful.

View from 709H Will-O-The-Wisp

If you would like more information or more photos I am just a phone call or email away.

Carol Wills, Long and Foster, Deep Creek Lake

Take a Gamble at Deep Creek Lake

03-07-09
Carol Wills

If you are in the Deep Creek Lake area on March 14th you need to mark your calendars to attend the Deep Creek Lions Las Vegas Night. It will be held at the Santé Fe Grill in McHenry from 7 PM to 11 PM.

Try your luck at Black Jack, Poker or on a spin of the wheel. Proceeds go to support the Blind Skier Program at the Wisp Resort.

This year my husband and I are going to eat dinner at Santé Fe Grill and then gamble. They have a nice menu selection and I am going to recommend their 3 Enchilada Appetizers!

Mortgage Market in Review

03-07-09
Carol Wills

Here is a mortgage news letter from Mary Lou Rohrbaugh, that she gave me permission to post. She is a wonderful lender and so full of knowledge. Our clients love her.

Newsletter-March 9th, 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. Rates found support from falling stock prices. The Dow Jones index fell into the 6,000 range early in the week and was unable to recover. The employment report released last Friday indicated continued weakness in the labor market with the US economy losing 651,000 jobs in February.

For the week, interest rates on government and conventional loans fell by about 5/8's of a discount point.

The Treasury auctions will take center stage this week as debt supply concerns continue. Most of the other releases are expected to be weaker and, any surprises to the contrary, will likely result in mortgage interest rate volatility.

LOOKING AHEAD

Economic
Indicator

Release
Date & Time

Consensus
Estimate


Analysis

3-year Treasury Note Auction

Tuesday March 10,
1:30 pm, et

None Important. Notes will be auctioned. Strong demand may lead to lower mortgage rates.
10-year Treasury Note Auction

Wednesday, March 11,
1:30 pm, et

None Important. Notes will be auctioned. Strong demand may lead to lower mortgage rates.
Retail Sales

Thursday, March 12,
8:30 am, et

Down 0.4% Important. A measure of consumer demand. A larger decrease may lead to lower mortgage rates.
Business Inventories

Thursday, March 12,
10:00 am, et

Down 1.1% Low importance. An indication of stored-up capacity. An increase may lead to lower rates.
30-year Treasury Bond Auction

Thursday, March 12,
1:30 pm, et

None Important. Bonds will be auctioned. Strong demand may lead to lower mortgage rates.
Trade Data

Friday, March 13,
8:30 am, et

$38.2 billion deficit Important. Affects the value of the dollar. A falling deficit may strengthen the dollar and lead to lower rates.
U of Michigan Consumer Sentiment

Friday, March 13,
10:00 am, et

56.3 Important. An indication of consumers' willingness to spend. Weakness may lead to lower mortgage rates.

Retail Sales

Retail sales data is the first indication of weakness or strength in consumer spending released each month. The Bureau of the Census of the US Department of Commerce provides information on how much the consumer spends on the purchase of goods. This data provides the consumption part of the gross domestic product. Retail sales data represents merchandise sold for cash or credit by retailers. Durable goods, such as autos, make up 35% of the figure. The balance consists of non-durables such as gasoline, restaurants, and general merchandise.

There are several drawbacks to the report. The data covers purchases of goods only, not services. It is also not adjusted for inflation and is extremely volatile.

Economists are concerned that the current economic uncertainty will continue to curtail consumer-spending habits. Consumers have generally been given credit for sustaining the economy even amid the economic turmoil.

The data will be a vital component in determining just how bad things really are. Be cautious. Mortgage interest rates rallied nicely last week and continued improvements are not a given. Take advantage of favorable movements when they come your way.

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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-March 9th, 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


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