This week there are 24 waterfront listings in our area, 8 of which are rentals. They range from a lovely townhouse in Chesapeake Harbor for $499,900 to $4.2M for an international contemporary style estate in Severna Park,

​Click the image above to see them all 

The information provided is from the multiple list service and neither suggests nor infers that Travis Gray or Coldwell Banker Residential Brokerage participated as either the listing or cooperating agent or broker in the sale or purchase of properties depicted. ​​

This week there are 5 waterfront rentals available and 10 waterfront properties listed for sale in the Annapolis area. They range from a townhouse in Chesapeake Harbor for $499,900 to a $3M contemporary on the South River. 

Click the image above to see them all

The enclosed information is from the multiple listing service and neither suggests nor infers that Travis Gray or Coldwell Banker Residential Brokerage participated as either the listing or cooperating agent or broker in the sale or purchase of the properties depicted.

There are 7 new waterfront listings on the market in our area, including 3 rental properties. Click the image above to take a look at all the new properties, with houses for sale ranging from $499,900 to $2,600,000. Contact us for more information or to help you find your next waterfront home. 

The enclosed information is from the multiple listing service and neither suggests nor infers that Travis Gray or Coldwell Banker Residential Brokerage participated as either the listing or cooperating agent or broker in the sale or purchase of the properties depicted.
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In the past 30 days, 8 new waterfront listings have come on the market in our area including 1 rental for $3,400. The houses for sale range from $449,900 to $2,200,000, the most expensive actually being a lot not yet developed. 

If you would like to see all the new waterfront listings, please click the image above or contact us to find your dream home today. 

The enclosed information is from the multiple listing service and neither suggests nor infers that Travis Gray or Coldwell Banker Residential Brokerage participated as either the listing or cooperating agent or broker in the sale or purchase of the properties depicted.

There are currently 12 waterfront properties listed in the Annapolis area, including 3 rentals, which came on the market in the past 30 days. The properties for sale range from $475,000 to $5,500,000 and you can check them out by clicking the image above. 

The enclosed information is from the multiple listing service and neither suggests nor infers that Travis Gray or Coldwell Banker Residential Brokerage participated as either the listing or cooperating agent or broker in the sale or purchase of the properties depicted.

In the past 30 days, 16 waterfront properties have come on the market in the Annapolis area, 5 of which are rentals. The houses for sale range from $730,000 for a traditional contemporary in Riverside Park to $6,900,000 in Wimbledon Farms for a beautful French Country style estate home. To see all our featured properties, click the image above. 

To see all new waterfront listings in our area, click here. 

The enclosed information is from the multiple listing service and neither suggests nor infers that Travis Gray or Coldwell Banker Residential Brokerage participated as either the listing or cooperating agent or broker in the sale or purchase of the properties depicted.

30 new listings have come on the market in the past 30 days, including 4 rental properties. One property in particular is 923 Childs Point Rd.  For anyone interested in astronomy, this house is for you as it features its own observatory with an historic telescope. The entire house was custom built with mahogany, Brazilian Cherry, Fir and Oak features, gorgeous views of Crab Creek and a pool house with an indoor endless pool. 

It feels like a bit of a broken record. The economy appears to be picking up steam, and then the momentum fades away However, the good news is the economy continues to improve over time. This leaves the Fed in a bit of a tricky position right now, especially in regards to whether or not to begin the "liftoff" before the end of 2015. As many economists have pointed our, a small move in the Feds Fund rate will have little actual economic impact. Right now, the perceptual play is probably more important. Often times, Fed statements can become self-fulfilling prophecies. If the Fed decides not to lift rates at its next meeting, it will have to carefully word its reasoning to ensure that the markets don't interpret the delay as a sign of further, expected weakening in the economy.

This week, we get a good look at how the housing market is performing with Housing Starts, the FHFA House Price Index, and Existing Homes Sales data. With housing becoming a brighter spot in the economy, significant shortcomings in these releases could help hold mortgage rates down.

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Last week, mortgage rates continued to wobble about, with no significant news or surprises to push them either way. Existing home sales climbed to 5.49 million, its highest rate since February 2007. However, new home sales pulled back slightly. With the Greek crisis in the Eurozone seemly moved to the back burner, traders appear to be more focused on domestic issues.

While this week has some very significant economic data points due, along with a meeting of the Federal Reserve Open Market Committee, rates are likely to hold fairly level. However, most analysts are expecting at least one rate increase this year, with odds being good for September "liftoff". If the Fed stuns the market with either a rate change this week, or indicates it may push the liftoff out further than expected, rates could move. We also have the first estimate for the second quarter's GDP. Expectations are for an increase of about 2.6%. A few analysts are predicting much lower than that. If those betting on a lower number are correct, rates could trend downward.

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Financial markets took a hit last week, as Greece became the first developed nation to default on an international financial obligation. However, its impact on US mortgage rates was fairly muted. With few real surprises in this slow motion Greek drama, rates appear to be more focused on the growing positive, economic news. Consumer Confidence powered higher and the ISM Manufacturing Index ticked upward. A separate report on US auto sales indicates that the first six months of 2015 was the best period over the last ten years. June's employment data reveal a small decline in the nation's unemployment rate and 223,000 new jobs created, but May's jobs number was revised downward. Overall, we're seeing a trend that points to continuing economic growth.

Stock markets may once again be wrapped up in Eurozone drama, and that could help push rates up very slightly. However, the release of the Fed's last meeting minutes may matter more to mortgage markets. Any hints that the Fed is itching to raise rates will help push rates upward.

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As expected the nation's first quarter GDP was adjusted upward to -0.2%, a solid improvement over the previous estimate of -0.7%. While we don't appear to be experiencing the same spring rebound in economic activity that we did in 2014, experts are growing more confident that the economy is on an improved, solid footing. Housing news was also positive, last week. Existing Home Sales climbed to an annualized rate of 5.35 million, its highest level in five years. New Home Sales posted a 2.2% increase, remaining over the half million mark for the third month in a row.

This week has some very important economic reports due. Consumer Confidence and the ISM Manufacturing Index are expected to post increases. If they both beat expectations, and the monthly employment data comes in strong, rates could easily trend slightly upward. However, we do have one significant wild card in play this week - Greece. Financial market analysts may have opinions as to what may happen if Greece defaults this week, but we really don't know what will happen.

The Federal Reserve ended its meeting last week, and the news was almost exactly what the market had anticipated. The Fed held interest rates steady, but continues to believe that the economy is improving. Assuming that the Fed's predictions remain close to coming economic reality, there remains a strong likelihood that we will see two rate hikes before the end of the year. Odds of the Fed beginning the "liftoff" at its July meeting remain fairly slim. Most experts predict that rates will be moved, for the first time since 2008, at the Fed's meeting in September.

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In a potential foreshadowing of things to come, mortgage rates moved higher this week. Mortgage markets mostly ignored the growing challendes in the Eurozone, and focused on the increasingly positive, domestic economic news. Retail Sales bounced upward 1.2%. Inflation indicators are also beginning to level out after a number of months of showing some mild retraction. All of this is leading analysts to adjust their predictions of our current quarter's GDP into the 2% range, much higher than the 0.5% range that they were predicting only a month ago. Of course, as the good economic news mounts, the likelihood the Fed will begin to move rates upward increases.

This week has a couple of important economic indicators due, but all eyes will likely be on the Fed's Policy Announcement. The Fed governors have given plenty of indication that they plan to increase rate this year. The question of when will be what analysts are looking for as they scour every bit of information coming after the meeting. Signs that bring the date closer will help push rates upward.

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Mortgage rates found some space to move upward last week with economic news turning mostly positive, once again. While the ISM Services Index did lose some ground, the ISM Manufacturing Index gained for the first time since last August, soundly exceeding expectations. The unemployment rate remained mostly steady, and 280,000 new jobs were created last month. With the dismal first quarter fading into the past, and a strong showing for the start of the month, analysts are once again shifting their predictions of when the Fed will begin its "liftoff". Bets appear to be favoring September, at this point, but as we repeatedly seen, that can change in a hurry.

Mortgage rates could find even more space to move upward if economic data continues to be upbeat. Retail sales are expected to turn positive, after flat lining last month. If  they increase more than 1.4%, mortgage rates will be hard pressed not to be moving upward. If the drama in the Eruozone over Greece escalates again this week, we could see rates moving, but it's hard to say which way.

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Mortgage rates continued to hold mostly steady last week, even with less than encouraging economic news. As expected, the first quarter's GDP was revised downward to -0.7%. Data for the second quarter is looking better, but certainly not spectacular. Measures of consumer moods came in mixed, reinforcing the market perception that the economy is improving, but not as much as any of us would like to see. With mortgage rates remaining low, new home sales are beginning to trend upward. However, prices continue to rise with the ongoing squeeze in home inventory levels. 

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The headlines last week may have read that the economy has almost stalled, but mortgage rates are moving upward. While the general rule is that economic weakness leads to lower mortgage rates, the Fed’s influence on markets and rates was once again highlighted. As expected, the Fed left its interest rates unchanged. However, a few small changes to their Policy made it clear that a rate increase is off the table for this summer. Currency traders rapidly unwound positions, driving treasuries up, which in turn firmed mortgage rates. Additionally, the Fed previewed a new teleconferencing system. Many experts have noted that this system vastly increases the capability of the Fed to make intra-meeting increases. Rates may have firmed a little on that news too.

This week is likely to be heavily focused on Friday’s monthly employment data. A second month in a row of disappointing results could help pull mortgage rates downward. However, if we see that more than 250K new jobs were created last month, mortgage rates could easily move even higher.


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The headlines last week may have read that the economy has almost stalled, but mortgage rates are moving upward. While the general rule is that economic weakness leads to lower mortgage rates, the Fed's influence on markets and rates was once again highlighted. As expected, the Fed left its interest rates unchanged. However, a few small changes to their Policy made it clear that a rate increase is off of the table for this summer. Currency traders rapidly unwound positions, driving experts have noted that this system vastly increases the capability of the Fed to make intra-meeting increases. Rates may have firmed a little on that news too.

This week is likely to be heavily focused on Friday's monthly employment data. A second month in a row of disappointing results could help pull mortgage rates downward. However, if we see that more than 250K new jobs were created last month, mortgage rates could easily move even higher.

Click on the image above for more mortgage market information.

With no significant economic news to drive mortgage rates either way, or any news events that caused financial market concern, rates shuffled through last week with minimal movement.  The housing market revealed some mixed news. Existing home sales climbed upward more than expected, to an 18-month high, while new home sales stepped backwards, losing 11.4%.  Orders for durable goods also came in higher than expected, but the variance was once again due to transportation orders, which tend to be extremely volatile, and are discounted by most experts.

Click on the image above for more mortgage market information.