You will never have to pay to be listed as a top neighbor. Period. That important detail clarified, let's discuss how we arrive at two "top neighbors" for a given region:
Localism is a bustling collection of hyper-local communities, and the top neighbors should reflect those members who are most active. When ranking users in a given region, several factors are considered. To get your foot in the proverbial door, you need to have posted at least one "Localism" article or photo for the region.
The very best way to quickly rise to #1 is to post high-quality local content. Keeping a steady strem of incoming posts and photos will massively tilt the scales in your favor.
What doesn't count toward the top neighbor ranking? ActiveRain points and community sponsorships. The top neighbor spots will always go to the most active members in a region. We want to create a level playing field that encourages the growth of communities — talent and dedication are required to win the day.
Home Value Update for Mashpee MAThrough Ocober 2009
According to Trulia.com, the sale prices of single family homes have increased 15.2% in the past year through the end of October 2009. The current mean sales price of homes on the market in Mashpee, MA, is $317,579. Below is a chart of the trend of listing prices of homes for sale in Mashpee, MA, in the past year through October 2009:
The $8000 first-time homebuyer tax credit has been extended, and now expires on April 30, 2010. So, there's no better time than now to buy a home inMashpee, MA, or surrounding area. If you're looking for a home or condo to purchase inMashpee, MA, or in the surrounding area, then try this home search.
If you're 62 or older and are looking for money to finance a home improvement, pay off your current mortgage, supplement your retirement income, or pay for healthcare expenses, then consider getting a reverse mortgage. Find out how a reverse mortgage can use the equity in your home to pay you.
The Mortgage Interest Rate Lock Advisory for Mashpee MA for November 19, 2009
Here are some of the events affecting mortgage interest rates today in Mashpee, MA.
What the Mortgage Backed Securities Market is Doing Today:
The price of the FNMA 30-Year 4.5% MBS coupon opened at 101.75 this morning - up 2/32 from yesterday's close.
The chart below shows today's price trend of the FNMA 30-Year 4.5% coupon:
The FNMA 30-Year 4.5% MBS coupon is currently trading at 101.75 - the same as it opening. Remember, on mortgage backed securities (MBSs), as the price goes down, the yield goes up - and so do mortgage interest rates. I expect that mortgage interest rates will be about the same in price this morning as compared to yesterday.
Recent Activity in Mortgage Backed Securities:
The chart below shows the price trend of the FNMA 30-Year 4.5% coupon over the past 30 days:
Economic Reports, News, and Events Affecting Mortgage Interest Rates Today:
Leading Economic Indicators (LEI) -the Conference Board reported the LEI increased 0.3% in October, slightly less that 0.4% increase analysts expected. This follows a 1.0% increases the previous months. This report attempts to predict economic activity over the next three to six months. This means that analysts are forecasting an small increase in economic activity over the next few months. However, this report usually does not have much of an impact on the mortgage market.
Jobless Claims -505,000 new claims for unemployment were filed last week - in line with estimates. This is slightly more than the 502,000 new claims filed the previous week. The 4-week average declined by 4,500 to 519,750 - the lowest since November 2008. And, continuing claims declined by 139,000 to 5.631 million. However, most of the decline in continuing claims is attributed to the expiration of unemployment benefits. With a decreasing trend in the filing of new claims for unemployment, this suggests that the labor market is improving. However, this data is usually not considered to be very important to the mortgage market.
Fed's MBS Purchase Program - The results of this week's purchases of mortgage backed securities by the Feds will be released in the afternoon. As of last Thursday, the Feds have purchased over $1.006 trillion in mortgage backed securities this year. The Feds plan on purchasing up to $1.25 trillion in mortgage backed securities through March 31st.
Is inflation looming around the corner? Watch this video from CNBC on today's economic reports:
What's Happening With Mortgage Interest Rates Today:
Moderate Volatility. There's not much room for MBS prices to move higher or for mortgage interest rates to move lower at the moment. If you're happy with the rate being offered to you and don't want to risk mortgage interest rates moving higher, you should apply and lock in today. Mortgage rates are currently inching upwards again. If you have not yet locked in your mortgage interest rate, please proceed with caution and maintain contact with your mortgage professional. Also, give very serious consideration to applying now and locking in before mortgage interest rates get worse.
My Mortgage Interest Rate Lock Advice for Today:
If I were considering financing/refinancing a home, I would...
Lock if my closing was taking place within the next 7 days
Float if my closing was taking place between 8 and 30 days
Float if my closing was taking place between 31 and 45 days
Float if my closing was taking place between 46 and 60 days
This is only my opinion of what I would do if I were financing a home. It is only an opinion and cannot be guaranteed to be in the best interest of any or all other borrowers.
Recently the Wampanoag Indian Tribe was recognized by the US government. For decades, the tribe has worked toward recognition. As the Indians who helped the Pilgrims survive in a new world, their place in history has always been fact.
Their web page http://mashpeewampanoagtribe.com/ has useful and informative history, culture, and current articles. There are updates about the tribe's business activities, events, and agendas on the website. They have videos and pictures about various topics.
If you are coming to Cape Cod for the summer, see if they have a local event planned. The annual Pow-Wow every summer is an interesting view of history and culture. Indians from all over the US and other Americans come to participate.
Mashpee MA has been developed over the years as a summer resort area on Cape Cod. There are beaches nearby, shopping, boating, fishing, and lots of great food. Whether you visit the Mashpee Commons for food, shopping and a movie, or New Seabury for golf, or Popponesset for concerts and boating, or the Wampanoag Pow-Wow for history in July (4-6), there is a lot to enjoy in the land of the Wampanoags.
Here is a helpful link to our Virtual Homes Website that gives you access to the MLS in Mashpee, Massachusetts. It is free and is map based driven so even if you don't know the streets you can zoom into different locations in Mashpee:
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
