About Plymouth County, MA

Between the months of January and September of 2009, the median price of single-family homes sold in Duxbury, Massachusetts was $480,000. This was down 27.8 percent compared to January through September of 2008. From 2006 to 2007, the median price increased 2.8 percent, and increased another 3.9 percent from 2007 to 2008.

In the first nine months of 2009, January through September, the number of sales recorded was the lowest in the past four years. The amount of sales in the nine-month period of 2009 was 85, down 4.5 percent from the 2008 number of 89 sales. This came after a decrease of 18.4 percent from 2007 to 2008.

The number of days single-family homes have been on the market in Duxbury, MA fluctuated in each of the past four years. In 2009, single-family homes sold during the first nine months were on the market an average of 188 days. This is a 7.4 percent increase from the 2008 number of 175 days. In 2007 there was a 10.9 percent increase over the 2006 average of 183.

The data come from MLS Property Information Network, Inc.

Duxbury, MA Real Estate Market Data

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During the nine-month period of 2009 in Marshfield, Massachusetts there was a 3.7 percent decrease in sales (129) compared to the 134 sales in 2008. From 2007 to 2008, sales went from 170 to 134, a 21.2 percent decrease. This was following an approximate 7.6 percent increase from January through September of 2006 compared to the same time period of 2007.

The average number of days a single-family home stayed on the market in first nine months of 2009 fluctuated throughout the past four years. In 2009, the average number of days on the market was 180 days, a 15.38 percent increase from the 2008 average of 156 days on the market.

The data come from MLS Property Information Network, Inc.

Search for Marshfield, Massachusetts homes for sale.

Marshfield, MA Real Estate Market Data

The Mortgage Interest Rate Lock Advisory for Wareham MA for January 29, 2010

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

What Mortgage Backed Securities Are Doing Today:

• The price of the FNMA 30-Year 4.5% MBS coupon opened at 100.81 this morning - the same as yesterday's close.
  
  
• The 4.5% MBS coupon is currently trading at 100.62 - down 6/32 from its opening.

Price Trend in Mortgage Backed Securities:

The chart below shows the price trend of the FNMA 30-Year 4.5% coupon over the past 30 days from 12-29-2009 to 1-28-2010:

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 late yesterday afternoon.

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

• Advance Reading of the 4th Quarter GDP - showed that the economy expanded at a 5.7% annualized rate, mostly due to a declining contraction in business inventories. This is the highest rate of expansion since the third quarter of 2003. The expansion is also much more than the 4.5% annualized rate analysts expected, and more than the 2.2% annualized rate at the end of the 3^rd quarter of 2009. This data usually does not have an impact on the mortgage market. However, this report led to higher mortgage interest rates this morning.
  
  
• The 4th Quarter Employment Cost Index (ECI) - is up 0.5% for the 4th quarter of 2009, slightly better than the 0.4% increase that was expected. The ECI measures the costs of employee wages and benefits, this providing us with an indication of the threat of wage inflation. Current forecasts are showing an increase of 0.4%. Because of the GDP report, the ECI report had little impact on the mortgage market this morning.
  
  
• University of Michigan's Index of Consumer Sentiment - a reading this morning of 74.4 indicates that consumer sentiment continues to improve. The reading was better than expected, and is better than the 72.8 reading the previous month. This index measures consumer willingness to spend and can usually have enough of an impact on the financial markets to change mortgage rates. While encouraging, this report usually has little to no impact on the mortgage market this morning.

In other news, Ben Bernanke, Chairman of the Federal Reserve, was confirmed by the Senate yesterday for a second four-year term.

What's Happening With Mortgage Interest Rates Today:

Moderate to High Volatility. Mortgage interest rates are still at historic lows. There's not much potential for MBS prices to tick higher (lower mortgage rates) as the Fed begins winding down their stimulus programs soon as it appears the overall economy is improving. There's also the fear of inflation.

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. It's better to have locked when you should have floated than it is to float when you should have locked.

Mortgage interest rates are currently trending higher. If you have not yet locked in your mortgage interest rate yet, please proceed with caution and maintain contact with your mortgage professional as mortgage interest rates can continue to change for the worse.

Get current mortgage interest rates for your situation in Wareham, MA.

The Mortgage Interest Rate Lock Advisory for Plymouth MA for January 28, 2010

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

What Mortgage Backed Securities Are Doing Today:

• The price of the FNMA 30-Year 4.5% MBS coupon opened at 100.75 this morning - the same as yesterday's close.
  
  
• The 4.5% MBS coupon is currently trading at 100.69 - down 2/32 from its opening.

Price Trend in Mortgage Backed Securities:

The chart below shows the price trend of the FNMA 30-Year 4.5% coupon over the past 30 days from 12-28-2009 to 1-27-2010:

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% - 0.375% worse in price this morning as compared to yesterday.

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

• Durable Goods Orders Report for December - there was a 0.3% increase in new durable goods orders in December, much less than the 1.6% increase that was expected. This follows a 0.2% increase in November. This report shows that the manufacturing sector is gaining some momentum, albeit slowly. This report provides us with an important measurement of manufacturing sector strength by tracking orders for big-ticket items or products that are expected to last at least three years. This report had no impact on mortgage interest rates this morning.
  
  
• Jobless Claims - 470,000 new claims for unemployment were filed last week, 30,000 more than expected, but 12,000 less than the previous week. Analysts predicted there would be 440,000 new claims. However, the four-week average fell 9,000 to 440,750. While the four-week average has increased by 9,500 to 456,250, continuing claims fell by fell 57,000 to 4.602 million. However, many people have reached the expiration of their jobless benefits. This also suggests that the labor market is no longer improving. While significant, this data is usually not considered to be very important to the mortgage market.

In other news, the Treasury Dept. will auction $32 billion 7-Year Notes today. Yesterday's auction of the 5-Year Note was met with lackluster demand. That could lead to an even weaker demand for today's auction for the 7-Year Note, and lead to higher mortgage interest rates this afternoon.

The Federal Open Market Committee (FOMC) concluded its meeting yesterday with no change in the key short-term interest rates. The afternoon report indicated that the economy is recovering and gaining strength. This led to more concerns about inflation and drove mortgage interest higher yesterday afternoon.

Both the results of the 5-Year Note auction and the FOMC statement can cause volatility in the bond and mortgage market this afternoon.

What's Happening With Mortgage Interest Rates Today:

Moderate to High Volatility. Mortgage interest rates are still at historic lows. There's not much potential for MBS prices to tick higher (lower mortgage rates) as the Fed begins winding down their stimulus programs soon as it appears the overall economy is improving. There's also the fear of inflation.

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. It's better to have locked when you should have floated than it is to float when you should have locked.

Mortgage interest rates are currently getting worse. If you have not yet locked in your mortgage interest rate yet, please proceed with caution and maintain contact with your mortgage professional as mortgage interest rates can continue to change for the worse.

Get current mortgage interest rates for your situation in Plymouth, MA.

Searching for property for sale in Pinehills in Plymouth Massachusetts?

Anyone that knows me or reads my blog, knows that I write about Pinehills frequently, and love to sell property in this well designed, strategically planned community. I enjoy representing buyers that are interested in purchasing in Pinehills, and have an in-depth knowledge of the available properties including what has been selling in the development.

Here are a few of the properties for sale which I consider to be some of the best buys in Pinehills starting with a single family, condo/townhouse, and a home in Great Island 55+ Community.

34 Barnswallow Lane, Plymouth MA 02360
3 bedrooms, 2 bath
Model: Bradford
Current asking price $609,900.00

Features include: 1st Floor master bedroom, two suites on 2nd floor, farmers porch, back deck, two covered patios, partial golf view of Nickalaus 16th, two finished rooms on lower level with walk-out, and 2 car garage.

4 Leggett Mews, Plymouth MA 02360
3 bedrooms, 2.5 baths
Model "Q"
Current asking price $459,900.00

Features include: 1st Floor master bedroom with a bedroom located on the 2nd floor loft and 3rd bedroom located on the lower level, it has finished lower level with walk-out, and 2 car garage.

16 Cross Wind, Plymouth MA 02360
2 bedrooms, 2.5 bath, 1 fireplace
Model: Milton
Current asking price $389,900.00

The features of the property include: 1st floor master suite with adjoining office/den, the large dormer on 2nd floor provides additional space for office/sitting area, or could be used for 3rd bedroom. Walk-out lower level could be finished for additional living space, and seller is offering $1,000 toward installation of granite counters.

• Note: the information above is subject to change without notice, and was obtained from the Multiple Listing Service it is deemed reliable, but should be verified. I would be able to represent you as a Buyer's agent for these properties unless stated otherwise.

There are other properties that are currently for sale in Pinehills, and it is never too early to start your search. In fact, the winter months might be the best time for you to ramp up your search since fewer buyers will be competing against you for the best buys. Give me a call today to schedule your own buyer consultation and a tour - (508) 725-5858, or you can create your own search by visiting my website - FocusedonRealEstate.com to sign up for daily alerts. I look forward to helping you find your next property.

Sales Statistics can be found here:

Pinehills - Plymouth MA - 2009 Sales Year in Review
Pinehills - Plymouth MA - December 2009 Sales Results
Pinehills - Plymouth MA - November 2009 Sales Results

Great Island 55+ Community - Plymouth MA - 2009 Sales Year in Review
Great Island 55+ Community - Plymouth MA - December 2009 Sales Results
Great Island 55+ Community - Plymouth MA - November 2009 Sales Results