Homes for Sale
FOR SALE
58 Phoenix Ave
Morristown, NJ
3BD/2 Bath
FOR SALE
7 Williamson Lane
Chester, NJ
4BD/4 Bath
FOR SALE
17 Robertson Ct
Morristown, NJ
3BD/2.5 Bath
UNDER CONTRACT
42 Franklin Place
Morris Plains, NJ
4 BD/2 Bath
RENTAL
55+ Community
w/lots of amenities
4108 Hoover Lane
Rockaway, NJ
2 BD/2.5 Bath
SOLD
23 Quail Run
Randolph, NJ
Represented buyer
Contact us here for more information or to request a showing
of these and/or other properties in your desired area.
HGTV Smart Home 2023 Giveaway

This years HGTV Smart Home Giveaway was built in New Mexico with traditional southwest Santa Fe architecture.

This home highlights Acacia wood benches with a wire-brushed teak finish in the master bath, large closet organizers, outdoor kitchen with beautiful entertaining space and pool, rooftop entertaining area, solar powered skylights, and a unique color palette.
In this Issue of "Doug Talks"
Lake Hopatcong Project Update

Ashley Grace Builders is excited to update you on our Raccoon Island, Lake Hopatcong home building project. The original house was demolished and we started the foundation for the new structure last fall. The exterior (framing, siding, and stone work) are almost complete and the interior and finishing work will be starting shortly.

Some of the best benefits of building a custom home is the ability to be unique, offering architecture and floor plans that are not cookie cutter, a convenient timeline, and choosing your location and budget.

This 4,000 sq ft lake house will boast a spacious master bedroom suite, an all-season sun room and outdoor deck for beautiful sunset panoramic views of the lake. We anticipate this project being completed in the fall and excited to show you the final results.
The "Doug Talks..." section will be featured in our monthly real estate email
and will include articles and/or videos showcasing some aspect of
home improvement, construction, or design.
16 Design Ideas for Displaying your Family Photos

Whether it's framed photo collages, a wall mural, or an artist's painting...here are some unique ways to display some of your treasured family photos and memories. click here for full article
The Main Reason Mortgage Rates are So High

Today’s mortgage rates are top-of-mind for many homebuyers right now. As a result, if you’re thinking about buying for the first time or selling your current house to move into a home that better fits your needs, you may be asking yourself these two questions: 

  1. Why Are Mortgage Rates So High?
  2. When Will Rates Go Back Down?

Why Are Mortgage Rates So High? 
The 30-year fixed-rate mortgage is largely influenced by the supply and demand for mortgage-backed securities (MBS). According to Investopedia

“Mortgage-backed securities (MBS) are investment products similar to bonds. Each MBS consists of a bundle of home loans and other real estate debt bought from the banks that issued them...The investor who buys a mortgage-backed security is essentially lending money to home buyers.”

Demand for MBS helps determine the spread between the 10-Year Treasury Yield and the 30-year fixed mortgage rate. Historically, the average spread between the two is 1.72 (see chart below). Last Friday morning, the mortgage rate was 6.85%. That means the spread was 3.2%, which is almost 1.5% over the norm. If the spread was at its historical average, mortgage rates would be 5.37% (3.65% 10-Year Treasury Yield + 1.72 spread). click here for full article.
Doug Collinson Real Estate Group
44 Whippany Rd, Suite 230, Morristown, NJ 07960
Office (973) 539-1120

Doug Collinson Cell: (973) 214-0347
Doug Collinson Email: dtcollinson@gmail.com
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