Dennis, MA

Home Value Update for Dennis MA 02638 Through January 2010

According to Trulia.com, the current average listing price of homes for sale in Dennis, MA is $764,018, while the current mean sales price of homes is $392,000. Sale prices of single family homes in Dennis, MA have increased 0.9% in the past year through the end of January 2010. Below is a chart of the trend of listing prices of homes for sale in Dennis, MA, in the past year through January 2010:

Dennis Recently Sold Homes

The homebuyer tax credit is set to expire on April 30, 2010. In addition, mortgage rates are still at near historic lows. 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 or the surrounding area, then try this home search.

You can still buy a home with no money down with a VA Loan or with a USDA Rural Development Home Loan. 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 house you can afford to buy in Dennis 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 in Dennis to pay you. You can even purchase a home with a reverse mortgage.

Mortgage Rate Forecast for Dennis MA for March 4, 2010

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

What Mortgage Backed Securities Are Doing Today:

• The price of the FNMA 30-Year 4.5% MBS coupon opened at 101.25 this morning - the same as yesterday's close.
  
  
  
• At 9:30, the 4.5% MBS coupon was trading at 101.25 - the same as 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 2-2-2010 to 3-4-2010:

Remember, on mortgage backed securities (MBSs), as the price goes up, the yield comes down - and so do mortgage rates. I expect that mortgage rates will be the same if not better in price this morning as compared to yesterday.

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

• Revision to the 4th Quarter Non-farm Productivity and Cost Index - is up 6.9% for the 4th quarter of 2009, while labor costs plunged 5.9%. This shows that companies are more productive with less workers. This is good news for profitability, but not good news for jobs. However, the report had no impact on the mortgage market or mortgage rates this morning.
  
  
• Jobless Claims - 469,000 new claims for unemployment were filed last week. This is 6,000 less than expected, and 29,000 less than the previous week. The four-week average for unemployment fell by 3,000 to 470,750, and continuing claims fell by 134,000 to 4.50 million. While the number of people receiving unemployment fell to the lowest level in a year, those receiving extended unemployment benefits increased by 198,000 to 5.87 million. This suggests that there's no significant change in the labor market as compared to January. This data is usually not considered to be very important to the mortgage market; the decrease in unemployment had no impact on the mortgage market or mortgage rates this morning.
  
  
• Factory Orders - rose 1.7%, less than the 2.0% increase that was expected, and follows a 1.0% increase the previous month. It's similar to the Durable Goods Orders release that was posted late last week, except this report includes orders for both durable and non-durable goods. Durable goods are items that are expected to last three or more years such as electronics and autos. Examples of non-durable goods are food and clothing. This report had no impact on the mortgage market or mortgage rates this morning.
  
  
• Existing Home Sales Report - released by the National Association of Realtors (NAR), this report will provide us with a measurement of housing sector strength and mortgage credit demand. Existing home sales fell 7.6% in February - analysts were expecting a 1.7% increase. This decline follows declines of 7.2% in January and 16.7% in December. However, existing home sales are up 12.3% from January 2009. While significant, this report had no impact on the mortgage market or mortgage rates this morning.

The news team at CNBC review today's initial jobless claims and productivity data:

In other news, the Treasury Dept will announce later this morning Treasury announces the terms of the Notes and Bond auctions scheduled for next week. The Notes and Bonds are used to finance the massive government debt, and the results of these auctions could result in higher mortgage rates next week.

What's Happening With Mortgage Interest Rates Today:

Moderate to High Volatility. Mortgage rates are again off their historic lows. It appears that the overall economy is improving. However, the Fed continues to auction Treasury Notes and Bonds to pay for the increasing massive government debt, all of which contributes to the fear of inflation. In addition, the Fed is winding down their purchases of mortgage backed securities which is slated to end on March 41st. As such, there's very little potential for lower mortgage rates.

Mortgage rates have improved slightly this past week. However, if you have not yet locked in your mortgage rate yet, please proceed with caution and maintain contact with your mortgage professional as mortgage rates can change for the worse - often without notice.

If you're happy with the interest rate being offered to you and if you don't want to risk mortgage rates moving higher, then 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.

Get current mortgage rates for Dennis, MA.

Waterfront Homes for Sale in Dennis MA by Mayflower Beach
Contact Joe Arnao 508-503-4435, Joe@MyDestinationRealty.com

Spectacular views and sandy dunes are what describe these Waterfront Homes for sale in Dennis by Mayflower Beach. It is difficult to get this close to any beach. This opportunity is even more special as Mayflower Beach is one of the most sought after areas on Cape Cod.

Waterfront Homes for Sale in Dennis MA by Mayflower Beach offer true beach front ownership. Your private beach is located near Mayflower Beach on Cape Cod Bay. The extreme low tides offer great opportunity for beachcombing, volleyball, football or any other family friendly game.

No matter what the temperature or time of year you can see people enjoying the beach near these waterfront homes for sale in Dennis MA by Mayflower Beach. There are several options for home ownership here by Mayflower Beach.

There is a four bedroom, two bath single family home that is set up with two living areas. The first and second floors both have 2 baths, a bathroom and a kitchen. Compared to the other waterfront homes for sale in Dennis MA by Mayflower Beach, this home offers the most spectacular views. From the first floor you can see the blue water for Cape Cod Bay and immediately know that you are living on the beach. The second floor offer incredible uninterrupted views of Cape Cod Bay. Waterfront homes for sale in Dennis MA by Mayflower Beach rarely offer such a sweeping view from the Cape Cod Canal to Provincetown. This property is being offered for $1,950,000.00

The other waterfront homes for sale in Dennis MA by Mayflower Beach are 2 bedroom cottages that sit directly in the sand. The private beach is just over the sand dune. These offer a great year round vacation home that can be used as a rental or for your own use. Many generations of families have spent their summers here as a guest. Currently being converted to condominium cottages these waterfront homes will be available as soon as the conversion is complete. These waterfront homes for sale in Dennis MA by Mayflower Beach are being offered for $450,000.00, a price point that has not been seen in this area, on the beach for a very long time.

Click here for free Cape Cod real estate information and listings.

Here is a video from of the single family waterfront home for sale in Dennis, MA on Mayflower Beach:

The Mortgage Interest Rate Lock Advisory for Dennis MA for February 9, 2010

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

What Mortgage Backed Securities Are Doing Today:

• The price of the FNMA 30-Year 4.5% MBS coupon opened at 101.34 this morning - the same as yesterday's close.
  
  
• At 9:30, the 4.5% MBS coupon was trading at 100.23 - down 4/32 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 1-9-2010 to 2-8-2010:

Remember, on mortgage backed securities (MBSs), as the price goes down, the yield goes up - and so do mortgage interest rates. 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.

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

• There are no economic reports scheduled for release today.

In other news, the Treasure Dept will be auctioning $40 billion in 3-Year Notes and will post results at 1:00 PM ET. The Notes and Bonds are used to finance the massive government debt. If there is a strong demand for the Notes, we should see the bond market move higher during afternoon trading. But a lackluster interest from buyers, particularly international investors, would indicate a waning appetite for longer-term U.S. securities and lead to broader bond selling. The selling of bonds could result in upward revisions to mortgage interest rates.

What's Happening With Mortgage Interest Rates Today:

Moderate Volatility. Mortgage interest rates are still at historic lows. However, because it appears that the overall economy is improving, and because the Fed continues to auction Treasury Notes to pay for the massive government debt, there's the fear of inflation. In addition, the Fed is winding down their purchases of mortgage backed securities which is slated to end on March 31st. As such, there's not much potential for lower mortgage interest rates.

If you're happy with the rate being offered to you and if you don't want to risk mortgage interest rates moving higher, then 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 improving slightly. If you have not yet locked in your mortgage interest rate yet, please proceed with caution and maintain contact with your mortgage professional and rates can change for the worse - often without notice.

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

Living by Mayflower Beach in Dennis MA
Joe Arnao, 508-503-4435, joe@mydestinationrealty.com

Living by Mayflower Beach in Dennis MA is a dream come true for anyone who has ever visited the area. The beach offers miles of sand to walk on, lie on or play. It is often, that while strolling the beach, you will see people, kids and adults tossing a football, a Frisbee, kicking a soccer ball or playing catch.

It is these family encounters that has made living by Mayflower Beach in Dennis MA, a destination for generations.  Living by Mayflower Beach in Dennis MA "forces" families to bond. Siblings play with each other. Parents play with their children and grandparents dote on their grandchildren. Living by Mayflower Beach in Dennis, MA has created countless "summer" friends that have lasted a lifetime.

Almost There!

What makes living by Mayflower Beach in Dennis, MA so special? Sand. Incredible amounts of sand.
Plus, living by Mayflower Beach in Dennis, MA, offers great a true Cape Cod lifestyle. The shops are all local. Art Galleries offering some of Cape Cod's most renowned artists. There are several outstanding restaurants offering local and creative menus. If you are a theater buff, the Dennis Playhouse offers shows that attract well known talent and keep visitors and locals coming back every year.

The Cape Cod Canal and Provincetown Monument can be seen from Mayflower Beach in Dennis, MA

Here are some of the local establishments that make living by Mayflower Beach in Dennis MA special:

• Scargo Café
• Chapin's Restaurant
• Gina's by the Sea
• The Cape Playhouse
• Winstanley- Roark Fine Arts
• Seven G's Liquor Store
• Dennis Public Market
• Cape Cod Museum of Art
• So Much More...

Anyone who is living by Mayflower Beach in Dennis, MA, whether for a summer vacation or year round, knows the natural beauty and great lifestyle is a wonderful way to live.

 If you are interested in owning a property, so that living by Mayflower Beach in Dennis MA is no longer a dream, you can search here for available properties for sale or contact us and we can help make it happen for you.