Quincy, MA

Quincy, Massachusetts

Quincy, Massachusetts Homes Sold - Year to Date (10/31/2009)

At the end of October, there were 135 homes on the market with an average list price of $423,823 and a days on market of 98. 59 homes are pending with an average list price of $356,061 The lowest priced home is $174,900 and the highest is at $809,000.

There were 323 homes sold YTD in Quincy MA with an average sales price of $329,726. This reflects a decline of -3.45% for the selling prices. The average days on market for homes sold 92 and a list-to-sell ration of 96%.

Virtual Homes Real Estate provides search tools to assist you in learning about the community, listing and market conditions. Click on the following links for your choice of services.

Quincy MA Real Estate - Community, relocation and school information with town demographics.

Quincy MA Foreclosures - Obtain a list of foreclosed and bank owned real estate and short sales

Quincy MA MLS Search - View all listings in the statewide MLS.

Quincy MA Homes for Sale - Map Search - Search by location, neighborhood and commuting.

This report is based on activity reported from the MLSPin mls system and is not guaranteed to be accurate. It does not represent all of the listings that have sold during the specified time frame.

Home Value Update for Quincy MA Through September 2009

According to Zillow.com, the listing prices of single family homes have increased 0.3% in the last 3 months, while listing prices of condos have fallen 3.8%. The current mean listing price of homes for sale on the market in Quincy, MA, is $325,000. Below is a chart of the trend of listing prices of homes for sale in Quincy, MA, in the past year through September 2009:

If you're looking for a home or condo to purchase in Quincy, MA, or in the surrounding area, then try this home search.

You can still buy a home with no money down with the USDA Rural Development Home Loan program. With the FHA Mortgage program, you can purchase a home with as little as 3.5% down. When you're ready to buy a home, find out how much home or condo you can afford to purchase in Quincy, MA, or in the surrounding area.

Get a Free List of Websites of Government and Bank Foreclosure Listings in Quincy, MA

There are a number of websites that contain free listings of government and bank foreclosed homes in Quincy, MA. These websites contain descriptions, color photos, and addresses of the foreclosed homes for sale in Quincy, MA. And, most of these websites have government and bank foreclosure listings nationwide.

There's no charge to search the foreclosure listings on any of these websites, and there's no 7-day free trial period either. Virtually all of these websites do not require any personal information to get access to the government and bank foreclosure listings. You can access these foreclosure listings anytime you want and as often as you want - free of charge!

Get your own directory of free websites of government and bank foreclosures in Quincy, MA. While registration is required to get access to the directory of free websites of foreclosures, the information will be provided to you instantly, and is completely free-of-charge and without any obligation!

FHA, VA, and USDA Rural Development Loans in Quincy, MA

Are you looking for a home mortgage loan in the Quincy, MA area?

Then you've come to the right place! Northeast Community Mortgage is a mortgage broker serving Quincy, MA, and many of the surrounding areas.

When you decide to buy a home or refinance a mortgage in Quincy, MA or in the surrounding area, your search for a home mortgage loan should start and end here. With so many lenders to choose from in the greater Quincy area, you should choose one you can trust to find the mortgage loan that will best meet your needs.

As a mortgage broker, we help our clients obtain a loan from the lender who has the terms that best matches their needs. In terms of mortgage programs, we specialize in FHA, VA, and USDA Rural Development loans. We also offer fixed and adjustable rate conventional and conforming jumbo loans. So, before your first house-hunting trip, whether it's in Quincy or in any of the surrounding areas, we'll help you select the best financing program for your needs.

Sure, there are dozens of big bank mortgage lenders nationally, but you need a lender in Quincy. Why? Because we know Quincy and the surrounding areas. We know the local real estate agents, appraisers, inspectors, and so much more.

We also have state-of-the-art technology that makes the mortgage loan process as easy and fast as possible, all while delivering personal customer service that can't be beat. We'll also take care of all the details, and make your transaction as smooth and worry free as possible.

Our services and financial resources enable us to make loans other lenders do not. We pride ourselves on being a mortgage broker with experience. We are also well-respected within the wholesale loan community, as evidenced by our relationships with lenders such as Provident Funding, Wells Fargo, and Flagstar, to name a few.

Don't gamble your family's largest investment with a big name lender that may not know Quincy. Choose us, the Quincy mortgage and loan specialists!

Home mortgage loans in Quincy:

• We'll help you find the perfect home loan or mortgage.

Refinance mortgage loans, or refinancing your current home in Quincy:

• We help Quincy families lower their mortgage payments and/or lock in lower interest rates for their home loans every day.

FHA Loans, VA Loans, USDA Rural Development Loans, and so much more!

• No matter what type of home loan you need, we're ready to help.

We'll give you the personal attention you deserve and treat you as a valued customer. Get the best available mortgage rates for your situation in Quincy, MA!

The Mortgage Interest Rate Lock Advisory for Quincy MA for October 22, 2009

Here are some of the events affecting mortgage interest rates today in Quincy, Massachusetts.

What the Mortgage Backed Securities Market is Doing Today:

The price of the FNMA 30-Year 4.5% MBS coupon opened at 100.59 this morning - down 13/32 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 100.63 - up 3/32 from its 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 0.125% - 0.25% worse in price this morning as compared to yesterday.

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:

• Existing Home Sales for September - existing home sales was up 9.4% at an annualized rate of 5.57 million in September, more than expected and the largest rise in more than 2 years, and is up from the 5.10 million annualized rate in August. This increase is ahead of the expiration of the first-time homebuyer tax credit at the end of next month. The inventory of existing home for sale fell to 7.8 months, down from 9.3 months the previous month. However, prices of homes continue to fall. Prices are down 1.4% in September, and are down at an annualized rate of 8.5%. This report gives us an indication of housing sector strength and mortgage credit demand by tracking home resales. However, this report usually doesn't have much of an impact on the mortgage market.

Watch this video from MSNBC to learn more about the housing market:

In other news, the Treasury Dept. announced yesterday the auction of $44 billion in 2-Year Notes, $41 billion of 5-Year Notes, and $31 billion of 7-yr notes next week.

There are a number of important economic reports scheduled for release next week. Look for more information on Monday.

What's Happening With Mortgage Interest Rates Today:

Moderate volatility. Overall, expect the mortgage market to be heavily influenced mostly by the stock markets today.

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
• Lock 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.

Get today's mortgage interest rates for your situation in Quincy, MA.