Deep Creek Real Estate Blog

Mortgage Bonds opened the day lower, and remain in negative territory after some “OK” economic data hit the wires. The ADP Private Payroll report increased in February from the January reading, signaling that the labor market is modestly improving.

Unit Labor Costs (or expenses per worker) increased more than double expectations, due in part to a sizable jump in wages. In fact…over the past six months, wages have grown by amounts not seen since early 2007. This is something I will be closely watching, as increases in wages can lead to “wage-based inflation.”

In the short-term, I am recommending a Locking bias due to the recent downward trend that is developing in Mortgage Bond prices. If anything changes, I will get back to you.

The following rates are for purchase loans with a 45 day rate lock:
30 Year Fixed Conforming: 3.875% with 0 points
30 Year Fixed Jumbo : 4.500% with 0 points
15 Year Fixed Conforming: 3.000% with 0 points
5/1 ARM Conforming: 2.500% with 0 points
5/1 ARM Jumbo : 2.875% with 0 points
10/1 ARM Conforming : 3.000 with 0 points
10/1 ARM Jumbo : 3.375% with 0 points

With so many variables affecting the market, it's more important than ever to have an advice - based strategy when structuring your loan, and I appreciate you trusting me with this role.

Jerry Merrick
Deep Creek Lake's #1 Lender
Vice President
BB&T Mortgage
Mortgage Loan Consultant
Office: (301) 387-3219
Cell: (301) 616-0037
Email: JMerrick@BBandT.com

The owners of 49 Aspen Hill Dirve – 4 Bedroom Deep Creek Lake area home – have listed the property (Real Estate) for sale with Railey Realty and have reduced the asking price to $479,900.


Read more about the property at the following link: http://www.deepcreek-realestate.com/search?id=GA7471034

Property Information: This beautifully crafted 4 bedroom 3 1/2 bath log and cedar sided home is situated on an oversized wooded lot. Just 1.5 miles from the Wisp Mountain Resort and close to all Lake amenities. Enjoy the solitude and yet close to everything!

Would you like more information on this property?
Contact Jon Bell of Railey Realty if you are interested in buying or selling real estate at Deep Creek Lake.

For more information contact Jon Bell at:
Direct: (301) 501-0735
Office: (301) 387-2000
Email: jbell@railey.com



422 Beckmand Peninsula Road For Sale at Deep Creek Lake.

The owners of 422 Beckmans Peninsula Road – 5 Bedroom Deep Creek Lake Access House with Boat Slip – have listed the property (Real Estate) for sale with Railey Realty and have reduced the asking price from $725,000 to $625,000.


Read more about the property at the following link: http://www.deepcreek-realestate.com/search?id=GA7708400

Property Information:  Beautiful 5 bedroom, 3.5 bath home with level 1+ acre yard. Stacked stone wood burning fireplace, paved driveway, single dock slip, lake view and more. The community lakefront area offers a level picnic area, fire pit and beautiful lake views. Call Jon Bell of Railey Realty for more information!

Would you like more information on this property?Contact Jon Bell of Railey Realty if you are interested in buying or selling real estate at Deep Creek Lake.

For more information contact Jon Bell at:
Direct: (301) 501-0735
Office: (301) 387-2000
Email: jbell@railey.com

5 Bedroom House For Sale

The owners of 157 Middleton Road – 5 Bedroom Deep Creek Lake Access House with Boat Slip – have listed the property (Real Estate) for sale with Railey Realty and have reduced the asking price to $599,900.


Read more about the property at the following link: http://www.deepcreek-realestate.com/search/?id=ga7300993

Property Information:  Walking on Sunshine! This 5 bedroom, 3.5 bath home on 1.5 acres offers over 4,000 sq feet of living space, 2 master suites, screened porch, 2 bay 4 car garage, most furnishings convey. Dock slip & access to Blakeslee's One-of-a-Kind amenity package. Recently upgraded Granite Countertops as well as seperate A/C zone in guest suite above garage that was a 2001 addition! Seller says BRING OFFERS! Call Jon Bell of Railey Realty for more information!

Would you like more information on this property?Contact Jon Bell of Railey Realty if you are interested in buying or selling real estate at Deep Creek Lake.

For more information contact Jon Bell at:
Direct: (301) 501-0735
Office: (301) 387-2000
Email: jbell@railey.com

The owners of 1333 Deep Creek Drive #10 – 3 Bedroom Deep Creek Lakefront Townhouse For Sale – have listed the property (Real Estate) for sale with Railey Realty and have reduced the asking price to $485,000.


Read more about the property at the following link: http://www.deepcreek-realestate.com/search?id=GA7543123

Property Information:  Awesome 3 bedroom 3 bath townhouse on the shores of Deep Creek Lake. This end unit offers an amazing view of the lake and ski slopes. Great location, within walking distance to many of Deep Creek Lake's hot spots. Call Jon Bell of Railey Realty for more information!

Would you like more information on this property?Contact Jon Bell of Railey Realty if you are interested in buying or selling real estate at Deep Creek Lake.

For more information contact Jon Bell at:
Direct: (301) 501-0735
Office: (301) 387-2000
Email: jbell@railey.com

14 Acre Building Lot For Sale

The owners of Lot 8 Black Bear Forest – 14 Acre Building Lot in Piney Mountain – have listed the property (Real Estate) for sale with Railey Realty and have reduced the asking price to $89,000.

Read more about the property at the following link: http://www.deepcreek-realestate.com/search/?id=ga6707938

Property Information: Level 14 Acre Perced and Ready to Build Lot in Yough Mtn. Resort / Piney Mtn. The Gated community borders Swallow Falls St. Forest, has miles of hiking/ATV trails and is only 15 Minutes from Deep Creek Lake. If you are an outdoor enthusiasts and enjoy privacy this lot is a must see. Call Jon Bell of Railey Realty for more information!

Would you like more information on this property?
Contact Jon Bell of Railey Realty if you are interested in buying or selling real estate at Deep Creek Lake.

For more information contact Jon Bell at:
Direct: (301) 501-0735
Office: (301) 387-2000
Email: jbell@railey.com




Deep Creek Lake House For Sale

  The owners of 16 Cedar Creek Drive – 3 Bedroom Deep Creek Lake Area Townhouse – have listed the property (Real Estate) for sale with Railey Realty and have reduced the asking price to $278,000.

Read more about the property at the following link: http://www.deepcreek-realestate.com/

Property Information:  3 bedroom, 3 1/2 bath townhouse featuring fireplace, 2 family rooms, wood floors and views of the Wisp Ski Resort. Conveniently located close to all Deep Creek Lake activities. Great Rental Income - 2010 Net Rental Income to owner was $14,194. Call Jon Bell for details (301) 501-0735.

Would you like more information on this property?
Contact Jon Bell of Railey Realty if you are interested in buying or selling real estate at Deep Creek Lake.

For more information contact Jon Bell at:
Direct: (301) 501-0735
Office: (301) 387-2000
Email: jbell@railey.com