Rates Steady

Mortgage rates in the area have remained in a range between 5.75% and 6.25% over the past few weeks. The trend lately has been upward. The 700 billion bailout bank deal is being finalized this weekend.

The Oconomowoc area enjoyed a perfect weather weekend. Saturday, sunshine and low 80s enveloped the area. Sunday was cooler with pockets of sunshine. September has been a terrific weather month.

Oconomowoc Homes For Sale

Currently there are 43 homes for sale with an Oconomowoc address under $200,000. Above $200,000 and below $300,000 there are 79. Between $300,000 and $400,000 there are 38 homes. Selection is outstanding. Mortgage rates are low. If you wanted to up size, downsize or move to Oconomowoc there has never been a better time than today. Call a realtor, get pre-qualified with Pete Cannon at Great Lakes Mortgage at 414-416-9194 or 262-569-8675 and start shopping!

Mortgage Rates Are in the 5s

Mortgage rates have dropped this week and remain in the upper 5s for well qualified borrowers. This is great news for people who have been waiting to buy based on current market conditions.

Mortgage Rates Low, Home Selection High

We still are offering mortgage rates in the 6s. As long as you have equity, credit and income you qualify. Oconomowoc has many fine homes on the market today. Find a good Realtor, get pre-qualified with a lender, like me and soon you will be living in a home of your home. There are currently 60 homes for sale in Oconomowoc, according to MLS with at least 2 bedrooms priced between $128,000-$215,000. That's a lot of selection and at unheard of low prices for this area. What are you waiting for? Call me today for a pre-qualification. 262-569-8675 or 414-416-9194

Windy Weekend

Whitecaps rolled on Lac Labelle Sunday as strong west winds gusting over 35 knots pounded the shoreline off North Lake Road. A few brave souls fought the stormy seas windsurfing and pleasure boating but it was a bumpy ride. The Beach by the Band shell and Bender Beach and the South Side Beaches were oddly empty as high water and construction curtailed some swimming for area residents. It has been a strange summer so far.

The Farmers market at Shorehaven is starting to have more items like beets, carrots, lettuce, potatoes, broccoli and other vegetables and flowers. Stop by Saturday morning, support the local farmers and eat healthy.

No Wake On Lac LaBelle Lifted

The no wake has been lifted on Lac LaBelle. On a windless morning July 5th we saw a water skier and some wave runners enjoying the long Holiday weekend. The water level is still over the piers at the boat launch at City Beach but a skilled driver can launch a boat carefully at the ramp without submerging your car. The lake and beach are quieter than anyone can remember on a Holiday weekend due to downtown construction, flooding and the church explosion.

Mortgage Rates Remain Low

Mortgage rates remain attractive and there has never been a better time to buy a home. Sellers are motivated and there is a lot of selection available of properties currently for sale. Since credit has tightened fewer buyers qualify thus creating a buyers dream market. Contact a lender and realtor today and start taking advantage of this historic time.

Oconomowoc Construction Moving Forward

The street improvements are taking shape around town. Riding my bike this morning I noticed curb and gutter was going in on West Wisconsin Ave or HWY 16. The boat landing at La Belle is still closed due to high water. The plugged in popcorn wagon remains in the water. Should someone unplug it? The street work is looking nice and many walkers and runners and bikers were doing the Fowler Lake walk and enjoying the fine weather after the recent 10 inches or so of rain.

10 Year Mortgage at 5.625%

A 10 year fixed rate mortgage is now available at 5.625% for credit worthy borrowers. This applies to minimum loan amounts of %125,000. The APR is 5.77%.

Oconomowoc Street Repair Continues

Street repair is continuing in town as motorists navigate around orange barrels to their destination. Construction crews are making progress and all downtown business owners certainly must be counting the days when the project is complete.