Terry

The Stonebrook Letter

Vol. 23, No. 4

April, 2019

Terry Stonebrook

How’s Real Estate

This week, mortgage rates eased down to 4.125% on a 30-year conventional loan. (FHA/VA loans at 3.625%!) To appreciate how low rates are, take a look at mortgage rates since 1975. They are almost as low today as they have been in 50 years.

Ken and Terry Combine

In April, my brother, Ken and I are combining our offices to 1011 W. Poplar Ave. in Collierville. Ken and his wife, Karen, have lived in Collierville for 20+ years. Like me, he graduated from Messick High (1979) and from the University of Memphis (BBA, Logistics 1983). He worked with Mike Starnes at M.S. Carriers for many years, then entered real estate after M.S. Carriers was sold to Phoenix-based Swift Transportation in 2001.

Ken specializes in Collierville, Germantown, Cordova and East Memphis. He is an outstanding Realtor and I am proud to team with him!

STONEBROOK


Year
Today
2018
2015
2010
2005
2000
1995
1990
1985
1982
1980
1975

Average
Rate

4.54
3.85
4.69
5.87
8.05
10.13
7.93
12.43
16.04
13.74
9.05

Mo. Cost/
Thousand
4.85
5.09
4.69
5.18
5.91
7.37
8.87
7.29
10.61
13.48
11.64
8.08

Mo. P & I
Payment
485
509
469
518
591
737
887
729
1,061
1,348
1,164
808

1011 W. Poplar, Suite 8
Colli568-0100 Terry cell
901 850-4044 office
901 592-0929 eFax

terry@stonebrookrealtors.com

TK

Home

 

About Terry

At 4.125%, the payment is $485 monthly per $100,000 loan. In 1982, mortgage rates averaged 16.04% for a payment of $1,348! Give me a call to take advantage of low mortgage rates.

Source: Freddie Mac

Ken and Terry

Mail to Email Conversion

Mary and I mailed our first Stonebrook Letter in 1981. Pictured is a photo with NAR President John Wood recognizing our letter at a 1981 CRS Convention in Nashville.

Today we are emailed the Daily Memphian newspaper and our weekly church newsletter. Starting in May, we are going email, too. We have email addresses for around 300 of the 400 families we mail. We will both mail and email the April newsletter. Please check your email for our letter. If you don’t receive it, let us know by emailing terry@stonebrookrealtors.com or texting 901-568-0100 with your updated email address.

We think you will enjoy the color photos and easy to read layout of the digital newsletter. It will be easy to forward or print if you see an article or recipe to share.

Newsletteraward035

Terry with John Wood

randolphmississippiamish

Gardening
In February, I was busy building raised beds, and in March, deciding what to plant and ordering seeds. This week I planted 3 trays of various seed ordered from Jung Seed (Wisconsin) including: Celebrity Hybrid tomatoes, Bella Rosa tomato, zucchini, sweet pepper, Calwonder bell pepper (Aldi), etc. I bought Aldi’s 4-tier plastic greenhouse last week for $15. With a little luck, I will have some 8-10” plants in 4-6 weeks.

greenhouse

An Amish home near Pontotoc, MS

Visiting the Amish
Where is the closest Amish community to Memphis? It may be Pontotoc, MS. My brother, Herb, and his wife, Cathy, recently drove Mary and me through the Amish community of Randolph, near Pontotoc. The series of farms with 2-story frame homes and tall silos reminded me of the movie, Witness, with Harrison Ford with mule-plowed fields and barns with black horse-drawn buggies. We stopped at one farm to purchase baked goods, soaps and other home crafted offerings. The peanut butter cookies were delicious and the lavender scented hand soap was perhaps the best I have used. I hope to go back when the crops are planted and maybe the vegetables will be available.

4-tier greenhouse from Aldi

Thought for the Month

“All the art of living lies in a fine mingling of letting go and holding on.”

Havelock Ellis

Recipe: Cheesy Breakfast Casserole

1 lb. sliced bacon, diced
2 cups shredded Cheddar cheese
1 sweet onion, chopped
1 1/2 cups small curd cottage cheese
9 eggs, lightly beaten
1 1/4 cups shredded Swiss cheese
1 tsp. ground mustard
1 tsp. dill weed
4 cups frozen shredded hash brown potatoes, thawed

Preheat oven to 358˚. Grease a 9x13 baking dish. Heat a large skillet over medium-high heat; cook and stir bacon and onion until bacon is evenly browned, about 10 minutes. Drain and transfer to a large bowl. Stir in potatoes, eggs and 3 cheeses. Pour mixture into prepared baking dish. Bake in preheated oven until eggs are set and cheese if melted, 45 to 50 minutes. Let stand 10 minutes before cutting and serving.
 

AmishBreakfastCasseroleEXPSGHBZ1917826B08085b
Terry
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