Home Value Update for Bangor ME Through September 2009

According to Zillow.com, the listing prices of single family homes have fallen 1.3% in the last 3 months, while listing prices of condos have fallen 0.9%. The current mean listing price of homes for sale on the market in Bangor, ME, is $155,000. Below is a chart of the trend of listing prices of homes for sale in Bangor, ME, in the past year through September 2009:

Median List Price

More Bangor Home Values

 

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

Haunted houses in Maine or anywhere.

Disclosure of past events, rumors, stories about a place and obligation to spin a tail, share the news and maybe in some cases capitalize on the local colorful history of a home.

     This is Stephen King's home on West Broadway, Bangor Maine. Do you think he and Tabitha would have liked it more if it was haunted?

     Do you think it could be and is that always a bad thing if you are a horror writer with a terrific imagination and writing skill?

Maybe a living in a Bangor Maine haunted home would help the imagination, the creativity for another horror novel or book.

Inspiration for material if you did live in a haunted home. What kind of treats await behind the bat front gate at the Stephen King Bangor Maine home and how many trick or treaters do you think they will get, plan for here? Happy Halloween.

Maine REALTOR Andrew Mooers - Maine, It's Not Scary Here, You Can Leave Your Taser In The City.

Get a Free List of Websites of Government and Bank Foreclosure Listings in Bangor, ME

There are a number of websites that contain free listings of government and bank foreclosed homes in Bangor, ME. These websites contain descriptions, color photos, and addresses of the foreclosed homes for sale in Bangor, ME. 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!

Click here to get your own directory of websites of government and bank foreclosures in Bangor, ME. 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 Bangor, ME

Are you looking for a home mortgage loan in the Bangor, ME area?

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

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

Home mortgage loans in Bangor:

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

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

• We help Bangor 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 Bangor, ME!

The Mortgage Interest Rate Lock Advisory for Bangor ME for September 29, 2009

Here are some of the events affecting mortgage interest rates today in Bangor, Maine.

What the Mortgage Backed Securities Market is Doing Today:

The price of the FNMA 30-Year 4.5% MBS coupon opened down 1/32 at 101.31.

The price of the FNMA 30-Year 4.5% MBS coupon closed up 7/32 yesterday at 101.34 (as shown by the white line). MBS wa down as much as 6/32 this morning, but is currently trading up 1/32 at 101.36 (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 0.125% - 0.25% worse in price this morning as compared to yesterday, but may improve this afternoon.

Economic Reports, News, and Events Affecting Mortgage Interest Rates Today:

• Consumer Confidence Index (CCI) for September - consumer confidence declined last month as the Conference Board reported a reading of 52.1, up from a 54.1 reading in August. Analysts were expecting a reading of 57.0. The primary reason for the decline is the current job market: More people are saying that jobs are more difficult to get, and 19.8% of those who have jobs are reporting a decline in incomes. This index provides us with a measurement of the willingness of consumers to spend. A decrease in the index indicates that consumers are less optimistic about their own financial situations, and are less likely to make large purchases in the near future. This resulted in lower mortgage interest rates late this morning.

In other news, Case-Schiller today reported that home prices on average rose 1.6% last month. In addition, 18 of the top 20 metro areas have reported home price increases in each of the last three months. The rate of decline has also improved for the third month in a row, and is now down just 13.3% from a year ago, up from a negative 19% in January.

David Blitzer, chairman of the S&P Index Committee, said that "the rate of annual decline in home price values continues to decelerate and we now seem to be witnessing some sustained monthly increases across many of the markets"

According Jennifer Lee of BMO Capital Markets, "... house prices looked to have bottomed, which is the much-needed ingredient required to bake this housing market recovery."

Watch this video from CNBC to learn more:

What's Happening With Mortgage Interest Rates Today:

Low to Moderate Volatility. Overall, look for some volatility in the mortgage market 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
• 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.

For the best mortgage interest rates in Bangor, ME, click here.