Springfield, MA

Home Value Update for Springfield MA Through September 2009

According to Zillow.com, the listing prices of single family homes have increased 3.6% in the last 3 months, and listing prices of condos have increased 11.7%. The current mean listing price of homes for sale on the market in Springfield, MA, is $140,000. Below is a chart of the trend of listing prices of homes for sale in Springfield, MA, in the past year through September 2009:

If you're looking for a home or condo to purchase in Springfield, 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 Springfield, MA, or in the surrounding area.

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

There are a number of websites that contain free listings of government and bank foreclosed homes in Springfield, MA. These websites contain descriptions, color photos, and addresses of the foreclosed homes for sale in Springfield, 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 Springfield, MA. While registration is required to get access to the free directory of 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 Springfield, MA

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

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

When you decide to buy a home or refinance a mortgage in Springfield, 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 Springfield 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 Springfield 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 Springfield. Why? Because we know Springfield 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 Springfield. Choose us, the Springfield mortgage and loan specialists!

Home mortgage loans in Springfield:

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

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

• We help Springfield 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. Click here to get the best available rates for your situation in Springfield, MA!

The Mortgage Interest Rate Lock Advisory for Springfield MA for October 9, 2009

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

What the Mortgage Backed Securities Market is Doing Today:

The price of the FNMA 30-Year 4.5% MBS coupon opened at 101.69 this morning - down 5/32 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 101.28 - down 17/32 from it's opening (as shown by the blue line). 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 0.25% - 0.50% 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:

• Goods and Services Trade Balance Report for August - the report revealed a $30.7 billion trade deficit in August, and is down from the $32.0 billion deficit the previous month. The decline was due mostly to lower imports of oil and consumer goods, and indicates that the economy is still sluggish. While this report gives us the size of the U.S. trade deficit, it had little or no impact on the mortgage market.

The 30-year Bond auction yesterday did not go as well as 10-year auction on Wednesday. This led to a selling in mortgage backed securities yesterday afternoon that carried over to this morning.

There are a couple of important economic reports scheduled for release next week as well as the release of the minutes from the last FOMC meeting. The bond market will be closed on Monday in observance of the Columbus Day holiday, but the stock markets will be open for trading.

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. Expect mortgage interest rates to rise following the lackluster sale of the 30-year Bond yesterday.

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.

For the best mortgage interest rates in Springfield, MA, click here.

Living in Central Mass affords you several large cities such as Springfield, Boston, Hartford, Providence and Worcester. That's 5 major cities within a short driving distance!!! There are so many things to explore!

Day 53 brings us to the Springfield Science Museum. This is a very family oriented museum and has a lot to offer if you want to explore the science behind our existance. It seems that they have something new to offer almost every day of the month. From a 20 foot tall Dinosaur exhibit to a cool Stargazing club that utilizes the Space Observatory, this place is packed with things to do and see. Whether you are taking your family out to minimize video games and television, or going out on a date, the Springfield Science Museum is a great place to go for your adventures in Central Massachusetts.

Here's some information off of The Springield Museums website

Hours and prices are:

Monday: Closed
Tuesday - Saturday: 10AM - 5PM
Sunday: 11AM - 4PM

General Admission:

Adult - $12.50
Seniors - $9
College Students with ID - $9
Children 3-17 - $6.50
Children 2 and Under - Free
Free with proof of Springfield Residence or if you are a Museum Member
ONE TICKET FOR FOUR MUSEUMS

Directions:

From the North

Take Interstate 91 South to Exit 7. Turn left onto State Street, proceed for three blocks and you will see the large, white marble Springfield City Library building on your left. Take the first left past the library onto Elliot Street and then the next left onto Edwards Street.

From the South

Take Interstate 91 North to Exit 6. Stay on Columbus Avenue to State Street. Turn right, proceed for three blocks and you will see the large, white marble Springfield City Library building on your left. Take the first left past the library onto Elliot Street and then the next left onto Edwards Street.

From the East

Take the Massachusetts Turnpike to Exit 6 (I-291). Exit at Dwight Street (Exit 2B), turn left. Follow Dwight to State Street. Turn left at the light, go through another light and you will see the large, white marble Springfield City Library building on your left. Take the first left past the library onto Elliot Street and then the next left onto Edwards Street.

From the West

Take the Massachusetts Turnpike to Interstate 91 South and follow I-91 South to Exit 7. Turn left on State Street, proceed for three blocks and you will see the large, white marble Springfield City Library building on your left. Take the first left past the library onto Elliot Street and then the next left onto Edwards Street.

Parking:

Free parking is available in the lots on Edwards Street.