Worcester, MA

WORCESTER MA - HOME SOLD BY JCKC REALTY
NOT IN MLS!

Often times when you are working with a client looking for something in particular, you just know what they want. That was the case with this sale. We were working with an investor for several weeks and knew what he wanted. We called on a listing that was Under Agreement to see if there was any chance it would be coming back on the market and found out from the listing agent about this expired listing that she owned. We setup the showing with her. Everything worked out perfectly and close to 2 weeks later, voila! Another home sold by JCKC Realty.

Sometimes representing a buyer means more than sending them listing via email. Sometimes you have to do a little digging to get them what they want.

127 Plantation Street
Worcester, MA 01604
List Price: $235,000
Sale Price: $200,000
3 Family w/2 Rented Units

To start your Worcester MA multi-family search, click on the map below. Don't hesitate to call or email us if you need assistance with your next home purchase.

The Mortgage Interest Rate Lock Advisory for Worcester MA for November 13, 2009

Here are some of the events affecting mortgage interest rates today in Worcester, MA.

What the Mortgage Backed Securities Market is Doing Today:

The price of the FNMA 30-Year 4.5% MBS coupon opened at 101.50 this morning - the same as 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 101.63 - up 4/32 from its opening. Remember, on mortgage backed securities (MBSs), as the price goes up, the yield comes down - and mortgage interest rates come down with it. I expect that mortgage interest rates will be 0.125% - 0.375% better 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:

• Goods and Services Trade Balance Report for September - the trade deficit is up significantly. The trade balance in September was -$36.5 billion, and is much more than the $30.7 billion deficit the previous month. While the report affects the value of the U.S. dollar, it's usually is not a major influence on the mortgage market or mortgage interest rates.
  
  
• Preliminary Reading of the University of Michigan's Index of Consumer Sentiment for November - consumer sentiment declined 4.6 points from 70.6 to 66.0 in October. A declining sentiment means consumers are less optimistic about their own financial situations and are less likely to make large purchases in the near future. That is helping drive prices of mortgage backed securities up and mortgage interest rates down this morning.

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

What's Happening With Mortgage Interest Rates Today:

Moderate to High Volatility. Overall, activity in the stock markets will continue to be volatile which in will have an impact on trading of mortgage backed securities.

Yesterday, the 4.5% mortgage backed security (MBS) coupon closed at 101.50. That is within 100 basis points of the highest price that the 4.5 MBS coupon has been at this year - it was at 102.50 back on March 18th.

Currently, the 4.5 MBS coupon is within 31 basis points of the highest price in the last 3 months. The highest price of the 4.5% MBS coupon in the last 3 months was 101.94, and that was back on October 7th.

What that means to you is the pricing of the MBS coupon is not likely to go much higher.

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. While there's still some room for MBS prices to tick higher, it's better to have locked when you should have floated than it is to float when you should have locked.

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.

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

Home Value Update for Worcester MA Through September 2009

According to Zillow.com, the listing prices of single family homes have increased 2.8% in the last 3 months, and listing prices of condos have increased 11.0%. The current mean listing price of homes for sale on the market in Worcester, MA, is $199,900. Below is a chart of the trend of listing prices of homes for sale in Worcester, MA, in the past year through September 2009:

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

100 DAYS OF CENTRAL MASS FEATURES WORCESTER POLYTECHNIC INSTITUTE

Worcester Polytechnic Institute, WPI, is located in the city of Worcester and was founded in 1865. It is one of the country's earliest technological institutes and provides a unique approach to science and technology education. WPI ranks very highly among other national, doctoral universities. The campus is absolutely beautiful and centrally located in the city set on top of a secluded hilltop. It is an 80-acre, traditional New England campus. WPI is one of 13 colleges and universities throughout the city and is strategically located with good access to commuter rails that can take students into Boston in an hour. Worcester Polytechnic Institute offers more than 50 undergraduate and graduate degree programs with focuses on science, technology, engineering, management and humanities & arts.

Information from the WPI website: http://www.wpi.edu

A highly regarded institution

WPI is ranked No. 62 among all national, doctoral universities by U.S. News & World Report; No. 1 for student/faculty interaction in the National Survey of Student Engagement; and No. 9 by The Princeton Review for "best career prospects" for graduates of our MBA program. And that's just the beginning of the recognition we've received from a large number of institutions and individuals for our high quality and unique approach to education.

A community of diverse interests

The WPI community is alive with activity. Students participate in nearly 200 extracurricular activities, including music, theatre, and Greek organizations, 20 varsity sports teams, and more than 30 club and intramural sports. There are also fun campus-wide annual events, including Homecoming, Winter Ball, and QuadFest.

100 DAYS OF CENTRAL MASS FEATURES BECKER COLLEGE

Becker College has 2 campuses in the towns of Worcester and Leicester and originates back to 1784. Becker College is a relatively small coeducational school offering 2 and 4 year programs. The college is dedicated to helping students achieve success in growing intellectually, socially and personally.

FACTS FROM THEIR WEBSITE: http://www.becker.edu

Year Founded: 1784

Enrollment: 1,739, representing 18 states and 12 countries

Academic year: Two fifteen-week semesters

2008-09 Cost (per year):

Tuition: $24,780
Room and Board: $9,760

Financial aid: 100% of students who apply for financial aid receive some form of financial assistance

Campuses:

Worcester: 31 buildings including 14 residence halls
Leicester: 24 buildings including 7 residence halls

Student-faculty ratio: Eighteen to one