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by Fontaine Family

Happy Halloween!

This week we had our annual pumpkin carving contest at the office! 
What fun! 

Check out some of the great entries we had! 

Whatever you plans are for this Halloween, plan ahead to stay safe... 

  • Pay attention to your surroundings
  • Make sure kids trick-or-treat with an adult
  • Use reflective tape and flashlights
  • Don't enter a strangers home
  • When driving, watch for trick-or-treaters

Have a safe and fun Halloween!

Low Interest Rates Increase Home Purchasing Power

by Fontaine Family

How Historically Low Interest Rates Increase Your Purchasing Power

According to Freddie Mac’s latest Primary Mortgage Market Survey, interest rates for a 30-year fixed rate mortgage are currently at 3.47%. Rates have remained at or below 3.5% each of the last 16 weeks, marking a historic low.

The interest rate you secure when buying a home not only greatly impacts your monthly housing costs, but also impacts your purchasing power.

Purchasing power, simply put, is the amount of home you can afford to buy for the budget you have available to spend. As rates increase, the price of the house you can afford will decrease if you plan to stay within a certain monthly housing budget.

The chart below shows what impact rising interest rates would have if you planned to purchase a home within the national median price range, and planned to keep your principal and interest payments at or about $1,100 a month.

How Historically Low Interest Rates Increase Your Purchasing Power | Simplifying The Market

With each quarter of a percent increase in interest rate, the value of the home you can afford decreases by 2.5%, (in this example, $6,250). Experts predict that mortgage rates will be closer to 4% by this time next year.

Act now to get the most house for your hard earned money.


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Maine Leaf Peeping

by Fontaine Family

It is Peak Foliage Time in Maine!

Even if fall is not your favorite season, you can't help but love the gorgeous fall colors! 

If you are looking for a few places to do some Maine leaf peeping, check out these!

The North Loop Trail at Wolfe’s Neck Woods State Park in Freeport presents an exceptionally bright yellow display that normally peaks in mid-October.

Bradbury Mountain State Park in Pownal provides views of surrounding forests and Casco Bay’s Calendar Islands. The foliage color peaks usually occur in late September to mid-October.

The park trails at Ferry Beach State Park in Saco offer a view of the park’s tupelo or blackgum trees, which are uncommon in Maine. The tupelo trees turn a bright crimson and normally reach peak coloration in late September or early October.

Bar Harbor's Carriage Trails area a great place to bike or drive along Acadia’s stunning park loop road. 

Grafton Notch State Park offers spectacular walks to Screw Auger Falls, Gulf Hagas, Mother Walker Falls, and Moose Cave with gorgeous colors along the way.

We Want Your Cans!

by Fontaine Family

October is
Breast Cancer Awareness Month...

so we are collecting cans!

Everyone knows someone affected by cancer...a family member, friend, co-worker, or even you may have had cancer.  So, we are once again participating in Q97.9's Cans-For-A Cure and we need your help!

We willbe collecting cans at both of our office locations at 336 Center Street in Auburn and at 432 Route 1 in Scarborough Monday - Friday between 9am - 4pm.   Swing by and drop off your empties for a great cause.  We want to have our moving van packed by October 12th when one of the radio personalities from WJBQ Q97.9 comes to pick them up.  All proceeds raised will benefit the Maine Cancer Foundation and the Cancer Community Center to help with the fight against breast cancer. The money stays right here in Maine!

Stop by, say "hi", and donate your cans! 

Displaying blog entries 1-4 of 4

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Contact Information

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Fontaine Family - The Real Estate Leader
336 Center St. Auburn, ME 04210
432 US Route 1 Scarborough ME 04074
(207)784-3800 Auburn
(207)289-3830 Scarborough
Fax: (207)786-2957

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