Medford, MA

FHA, VA, and USDA Rural Development Loans in Medford, MA

Are you looking for a home mortgage loan in the Medford, MA area?

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

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

Home mortgage loans in Medford:

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

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

• We help Medford 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 Medford, MA!

The Mortgage Interest Rate Lock Advisory for Medford MA for September 23, 2009

Here are some of the events affecting mortgage interest rates today in Medford, Massachusetts.

What the Mortgage Backed Securities Market is Doing Today:

The price of the FNMA 30-Year 4.5% MBS coupon opened down 6/32 this morning to 100.44.

The price of the FNMA 30-Year 4.5% MBS coupon closed up 7/32 yesterday to 100.63 (as shown by the white line). MBS is currently trading down 4/32 at 100.50 (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.

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

• There are no economic reports expected to be released today.

The Federal Open Market Committee (FOMC) will adjourn early this afternoon and issue their press release at 2:15 pm. While there is widespread expectation that key short-term interest rates will remain unchanged, the post-meeting statement could lead to volatility in the mortgage market. Investors will be focusing on any changes in balance sheet expansion or planned unwinding as well as comments on the status of recovery. It's expected the minutes will acknowledge recent improvements in economic activity. At the same time, it will indicate that the recovery is expected to be relatively weak and will persist for some time. If we see any significant weakness in stock markets, then investors may return to the mortgage market as a safe-haven from the volatility. This in turn could lead to lower mortgage interest rates this afternoon.

What's Happening With Mortgage Interest Rates Today:

Low to Moderate Volatility. Overall, look for less volatility in the mortgage market today as there are no economic reports due for release. However, volatility could pick up this afternoon after the FOMC's press release. Otherwise, look for the mortgage market to be heavily influenced by the stock 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 Medford, MA, click here.

Medford Lions Club Recycle Eyeglasses for Sight

Medford, MA - Donate your old glasses for the less fortunate.


Mat Holis CLUB PRESIDENT - 617-470-9797
Scott Nelson - 781-820-2518 or Pondguard1@aol.com


MEDFORD LIONS RECYCLE FOR SIGHT

Medford, MA - October 15th, 2009. As Fall/Winter cleaning season gets underway, the MedfordLions Club is asking people to look through drawers and closets for old, unwantedeyeglasses and donate them to the Lions Recycle for Sight program.

During the month of October & November, the Medford Lions Club will be collecting used prescription eyeglasses and sunglasses as part of a uniquerecycling program throughout theUnited States and Canada. The glasses will be distributed to those in need in developing countries where eye care is often unaffordable and inaccessible.

"We need everyone to donate their old glasses," said Matt Hollis Medford Lions Club president. "In most developing countries, an eye exam can cost as much as one month's wages, and a single eye doctor may serve a community of hundreds of thousands of people."

The glasses will be shipped to one of ten Lions Eyeglass Recycling Centers where they will be cleaned, categorized by prescription and prepared for distribution by Lions and other groups. According to theWorld Health Organization, the eyesight of approximately one-fourth of the world's population can be improved through the use of a corrective lens.

To donate used eyeglasses, place them in specially marked Lions Recycle for Sight collection bin located in Prudential Prime Properties Wolfson Cutler Real Estate - 366 Salem St. Medford, MA.


When Donating Eyeglasses

·Please send both plastic and metal frames. Remove loose and broken lenses or damaged lenses and frames. Rather than store glasses for a long time, send as soon as possible to one of the Lions Eyeglass Recycling Centers. Time, extreme temperature and weather conditions cause damage to frames and lenses, often rendering them useless.

·Pack eyeglasses in a sturdy corrugated cardboard box. Layer rows of eyeglasses with tissue paper, newspaper or styrofoam. (Please avoid using shredded packing materials or styrofoam "peanuts.")

·Seal box with strapping tape.

·Be sure label is legible and include your return address.

·Used eyeglasses are of no commercial value; therefore, choose the least expensive means of shipping to the recycling centers (usually third or fourth class mail.) Label the box, "No commercial value."

·Please notify the Lions Eyeglass Recycling Center before sending large shipments of eyeglasses.

Please Refer to: http://www.lionsclubs.org/EN/member-center/planning-sight-projects/eyeglass-recycling/eyeglass-guidelines.php

In these difficult times you can really make a world of difference to someone with bad/poor eyesight but cannot afford to purchase the necessary glasses. Please feel free to contact Matt or Scott if you would also like to help out with an additional eyeglass drop off box.

Prudential Prime Properties Wolfson Cutler to Host Internet Strategies For Home Buyers & Sellers Seminar

MEDFORD, MA - Scott Nelson & Maha Hanania of Prudential Prime Properties Wolfson Cutler are hosting a seminar on how to take advantage of the Internet and other electronic technologies that will help you maximize your real estate experience. The seminar will be held on Saturday October 10th, 2009 at their office 366 Salem St.Medford, MA 02155. The seminar will begin at 10am and last 45minutes to 1 hour. Attendees can watch as sales professionals showcase actual websites and gather a wealth of information.


"As a leader in the real estate industry, our sales professionals are top producers with a commitment to serving clients in the manner that is most convenient for them," said Marc Cutler & Richard Wolfson Broker/Owners, Prudential Prime Properties Wolfson Cutler.

The event is being hosted by Scott Nelson and Maha Hanania and will offer tips on Internet home sale marketing and valuable lessons about accessing online information.

"More and more, people have access to the Internet. As buyers and sales professionals become more sophisticated, more of the initial stages of the home buying process can be augmented electronically," Maha said. "Prospective buyers no longer have to waste time and gas driving all over town to see properties they know aren't right the minute see them."


Prudential Prime Properties Wolfson Cutler's own website, located at http://www.pppwc.com/ , provides instant access to the Multiple Listing Service (MLS) for Medford. So prospective homebuyers can search for homes in their price range and view photos of properties that meet their criteria. They can also find up-to-date information on current mortgage rates, home-buying aids such as mortgage payment calculators, and links to other helpful real estate sites.

"People are looking to streamline the home search process," said Scott. "By helping them predetermine what price range they can afford and which properties fit their profile, we can save everyone time and energy. And through our relationship with other Prudential Real Estate sales professionals around the country, homebuyers can view properties in cities where they may be relocating. By linking to an income index, they can even calculate how much they will have to earn in a new city to maintain their current standard of living."


For more information, or to register for the seminar, interested parties can call Scott at 781-820-2518 or Maha at 617-407-9830.

Prudential Prime Properties Wolfson Cutler, which is independently owned and operated, became an affiliate of Prudential Real Estate in 1997. Prudential Prime Properties Wolfson Cutler then known as Wolfson Realty was founded in 1953. Since that time it has earned a host of honors and been active in community events & charities.


Prudential Real Estate and Relocation Services, Inc., a Prudential Financial, Inc. [NYSE:PRU] company, is Prudential's integrated real estate brokerage franchise and relocation services business. Prudential Real Estate franchises are independently owned and operated. Companies are selected based upon outstanding performance records, high levels of customer service and shared business values with those of Prudential.

Prudential Real Estate provides franchises with business strategies using Operation Reviews as well as numerous benefits, including access to Prudential Real Estate's Online Seller AdvantageSM program designed to provide real-time information to sellers with the touch of a keystroke. Prudential Real Estate is one of the largest real estate brokerage franchise networks in North America, with nearly 1,940 franchise offices and approximately 62,000 sales professionals in the franchise Network as of December 31, 2008.

Medford MA August 2009 Market Report

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Market Report - August 2009 -Medford,Massachusetts Housing

August 2009
Condominium Sold Listings: 21
Average List Price: $345,766
Average Sale Price: $330,607
Average Market Time: 97.19

Multi-Family Sold Listings: 4
Average List Price: $402,200
Average Sale Price: $396,000
Average Market Time: 110.75

Single Family Sold Listings: 22
Average List Price: $374,464
Average Sale Price: $369,200
Average Market Time: 34.41

July 2009
Condominium Sold Listings: 13
Average List Price: $290,223
Average Sale Price: $266,060
Average Market Time: 98.00

Multi-Family Sold Listings: 8
Average List Price: $403,200
Average Sale Price: $379,063
Average Market Time: 104.88

Single Family Sold Listings: 24
Average List Price: $358,845
Average Sale Price: $349,827
Average Market Time: 85.79

August 2009 condo sales saw a jump from 13 in July 2009 to a high of 21 for August 2009. Multi-family properties saw a real drop off from 8 in July 2009 to 4 in August 2009 and Single Family homes only declined slightly from 24 in July 2009 to 22 in August 2009.

Condo prices were up on average over $63,000 from July 2009 and slightly shorter average days on market. Multi family homes also saw a rise in average sale price of over $16,000. Single family average sales prices also showed a rise of almost $20,000 higher than July 2009.

With September here it'll really be telling how home sales continue with the deadline quickly approaching for the $8,000 first time buyers tax credit. The majority of homes in Medford fall in the $300K-400K range making them especially attractive for first time home buyers, there is getting to be a shortage of lower end & entry level housing options on the market also adding to the price run up.