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WHAT:
The American Red Cross and St. Joan of Arc Church are holding a blood drive to support the community blood supply for patients in need. Every two seconds, someone in the United State needs blood, and every pint donated could save up to three lives. The Red Cross is urging the public to make an appointment to donate blood at the below location by calling 1-800-RED-CROSS or by logging onto RedCrossBlood.org.
WHEN:
Friday, February 5, 2010
Blood Drive: 1 PM - 6 PM
WHERE:
St. Joan of Arc Church Parish Hall
61 Canal Road, Orleans, MA 02653
ADDITIONAL INFO:
Sponsored by the Orleans Knights of Columbus Council #3384
The American Red Cross Blood Services - Northeast Division must distribute approximately 3,000 units of blood each day just to meet the basic needs of area patients Individuals who are at least 17 years of age (16 with parental permission), weigh at least 110 pounds and are in generally good health may be eligible to donate blood. High school students and donors 18 years of age and younger also have to meet certain height and weigh requirements. Please bring your Red Cross blood donor card or other form of positive ID when you come to donate.
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The Mortgage Interest Rate Lock Advisory for Orleans MA for January 21, 2010
Here are some of the events affecting mortgage interest rates today in Orleans, MA.
What Mortgage Backed Securities Are Doing Today:
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 12-22-2009 to 1-21-2010:

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 the same in price this morning as compared to yesterday.
In other news, the Treasury Dept. will announce later today $118 billion in bond auctions for next week: 2-Year Notes on Tuesday, 5-Year Notes on Wednesday, and 7-Year Notes on Thursday.
Economic Reports, News, and Events Affecting Mortgage Interest Rates Today
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 rates are currently improving. 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 Orleans, MA.
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Home Value Update for Orleans MA 02653 Through November 2009
According to Trulia.com, the current average listing price of homes on the market in Orleans, MA is $755,517, while the current mean sales price of homes is $528,750. The sale prices of single family homes in Orleans, MA have increased 22.5% in the past year through the end of November 2009, but have fallen 12.5% over the last 5 years. Below is a chart of the trend of listing prices of homes for sale in Orleans, MA, in the past year through November 2009:
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 Orleans, MA, or surrounding area. If you're looking for a home or condo to purchase in Orleans, MA, or in 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 home or condo you can afford to purchase in Orleans, 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.
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The Mortgage Interest Rate Lock Advisory for Orleans MA for December 23, 2009
Here are some of the events affecting mortgage interest rates today in Orleans, MA.
What the Mortgage Backed Securities Market is Doing Today:
The price of the FNMA 30-Year 4.5% MBS coupon opened at 100.06 this morning - the same as yesterday's close.
The 4.5% MBS coupon is currently trading at 100.25 - up 6/32 from its opening this morning. 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 0.00% - 0.125% better in price this morning as compared to yesterday.
Economic Reports, News, and Events Affecting Mortgage Interest Rates Today:
In other news, the Treasury Dept. will announce later this morning the auctions of $118 billion in 2-Year Notes, 5-year Notes, and 7-Year Notes for next week. The ever increasing supply of Notes and Bonds continues to weigh heavily on the markets. Central bankers in China state the US cannot continue to count on foreign investors to fund the massive federal deficits.
What's Happening With Mortgage Interest Rates Today:
Moderate to High Volatility - Mortgage interest rates are rising because of increasing fears of inflation. The sentiment is the health care bill will add hundreds of billions of dollars more to the already massive federal deficits. There's increasing concerns that the Fed will have to begin increasing short term interest rates and tighten monetary policy sooner than later.
The bond and mortgage markets will close early Thursday and will be closed all day Friday in observance of Christmas Day. This means that trades in mortgage backed securities will light during the latter part of the week. This raises the possibility of stronger reactions to surprises in the mortgage market from economic data than we normally would see.
There's not much room for MBS prices to move higher or for mortgage interest rates to move lower at the moment. Mortgage interest rates are still at historic lows. 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. While there's still some room for MBS prices to tick higher, it's better to have locked when you should have floated than it is to float when you should have locked.
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...
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 Orleans, MA.
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Home Value Update for Orleans MA Through October 2009
According to Trulia.com, the sale prices of single family homes in Orleans, MA have increased 1.6% in the past year through the end of October 2009. Sale prices have depreciated 12.7% over the last 5 years.
The current mean sales price of homes on the market in Orleans, MA, is $500,000. Below is a chart of the trend of listing prices of homes for sale in Orleans, MA, in the past year through October 2009:
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 Orleans, MA, or surrounding area. If you're looking for a home or condo to purchase in Orleans, 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 Orleans, 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.
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
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