Dennis, MA

Home Value Update for Dennis MA Through October 2009

According to Trulia.com, the sale prices of single family homes have increased 9.1% in the past year through the end of October 2009. The current mean sales price of homes on the market in Dennis, MA, is $420,000. Below is a chart of the trend of listing prices of homes for sale in Dennis, MA, in the past year through October 2009:

Dennis Recently Sold Homes

The $8000 first-time homebuyer tax credit has been extended, and now expires on April 30, 2010. So, there's no better time than now to buy a home in Dennis, MA, or surrounding area. If you're looking for a home or condo to purchase in Dennis, 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 Dennis, MA, or in the surrounding area.

If you're 62 or older and are looking for money to finance a home improvement, pay off your current mortgage, supplement your retirement income, or pay for healthcare expenses, then consider getting a reverse mortgage. Find out how a reverse mortgage can use the equity in your home to pay you.

The Mortgage Interest Rate Lock Advisory for Dennis MA for November 24, 2009

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

What the Mortgage Backed Securities Market is Doing Today:

The price of the FNMA 30-Year 4.5% MBS coupon opened at 102.03 this morning - up 1/32 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 102.16 - up 6/32 from it's 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 about the same 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:

• Consumer Confidence Index (CCI) for November - the CCI came in with a reading of 49.5, a little better than expected. This means that consumers are more optimistic about their own financial situations than many had thought. Rising confidence means consumers are more apt to make large purchases in the near future, effectively fueling economic growth. However, this report had no impact on mortgage interest rates this morning.
  
  
• 3rd Quarter Gross Domestic Product (GDP) - annual rate of growth came in at 2.8% as expected. This means that the economy did not grow as much during the 3rd quarter than previously thought. Because the GDP came in as expected, this report had no impact on mortgage interest rates this morning.

In other news, the 5-year Note auction is being held today. If the auction is met with strong demand, we should see mortgage interest rates continue to stay down. However, if these auctions are met with lackluster demand, we may see an increase in mortgage interest rates this week.

The minutes of the last FOMC meeting will be released at 2 PM today. The minutes may or may not have an impact on the mortgage market - it will depend on what's in the minutes. The key will be concerns over inflation and the Fed's next move. If the Fed members were concerned about inflationary pressures and overly optimistic about economic growth, we could see prices of mortgage backed securities move lower and mortgage interest rates move higher later this afternoon

What's Happening With Mortgage Interest Rates Today:

Low to Moderate Volatility. 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. Mortgage rates are currently inching upwards again. 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
• 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 Dennis, MA.

Dennis MA Foreclosures, Bank Owned and Short Sale Property for Sale

Register to receive Dennis MA real estate foreclosure (bank-owned) listings and short sale opportunities. One of our Dennis real estate professionals will contact you and provide:

• A list of existing real estate foreclosure (bank-owned) and short sale listings in Dennis.
• Email alerts on NEW foreclosure (bank-owned) and short sale listings in the Massachusetts MLS.
• Address and mapping information.

For Dennis community information including school reports, demographic, relocation, home buying and selling information go to Dennis MA real estate.

To search the MA MLS listings visit Dennis MA MLS listings. Go to Dennis MA Foreclosures for a map based search result of bank owned properties.

Go to Virtual Homes MLS for a map based search of all MLS listings of NH and Massachusetts real estate. Vist NH Homes for Sale and MA Homes for Sale for direct MLS access to all listings. To obtain school, demographic, commuting, relocation, home buying and selling information go to New Hampshire real estate, Massachusetts real estate, Connecticut real estate, Maine real estate and Rhode Island real estate. For information regarding foreclosures visit Massachusetts foreclosures, New Hampshire foreclosures and Connecticut foreclosures.

Virtual Homes real estate agents provide home buying and selling services. Please call 800-856-2479 for information

Buying a home is an important investment however your primary focus should be to solve a housing need. The process can be very complicated if you do not work with industry professionals that can provide accurate information and advise you. The professionals include mortgage lenders, Realtors, Attorneys, Home Inspectors and Accountants. If you are a first-time home buyer, you may qualify for a tax credit ($8000 in 2009) and could be eligible for special financing programs.

For a map based search of all properties listed in the MA MLS go to

DENNIS MA MLS

Let Dennis MA real estate assist you in finding the right property to meet your needs from local area homes for sale, foreclosure listings (bank-owned), country properties, land, condominiums and equine facilities -- all through the MA real estate Multiple Listing Service (MLS). Request relocation, school and demographic information.

The Massachusetts home search is easy with "quick search" options to search for MA real estate. Let us assist you in finding the property that meets your needs. The Virtual Homes MLS Map Search provides all MLS listings plotted in each town on a map. RE/MAX Innovations real estate agents can assist you in your search for the perfect home ((877) 266-9747.

Massachusetts Multiple Listing Service- Search the MLS for all NH property listings. Go to MA MLS.

Massachusetts Foreclosures and Bank Owned Homes - Register to receive New Hampshire foreclosure (bank-owned) listings and short sale opportunities. Go To MA Bank Owned

Home Search Service- Home search is a web-based real estate software tool (MLSpulse) that keeps you continually informed of your local real estate market. Virtual Homes real estate provides access to real estate, relocation and town information in New England states. Massachusetts Home Buyers Guide is a great resource for all consumers interested in purchasing MA real estate.

Since I live on the Cape, I often forget people come here for vacations and special events. Today I was reminded that I get to live in a wonderful place.

I just spent a very pleasant morning in Dennis, about 30 to 40 minutes from Falmouth. Our Sunday morning Bible study group met at the Lighthouse Inn in Dennis. What a pleasant place. They had a great buffet and we ate while looking out over a peaceful Nantucket Sound. The sun was just coming up and there were enough clouds to cause the rays of the sun to stream through in picturesque beams. One couple in our group works here during the summer months. He said they have weddings all the time. I can see why. All the staff is pleasant and friendly, and the cottages and the buildings are picturesque Cape Cod. The grounds are well cared for, it is oceanfront, and there is plenty of beach. During the summer they have things to do from skidoos to shuffleboard. Today, there was a roaring fire in the reception area, and we got to got up into the real lighthouse cupola. If you are looking for a summer vacation or a place to have a wedding, this is one to consider.

Their web site is www.lighthouseinn.com.

Happy selling and listing! - and vacationing or wedding-ing!