Biddeford, ME

Home Value Update for Biddeford ME Through September 2009

According to Zillow.com, the listing prices of single family homes have increased 1.9% in the last 3 months. The current mean listing price of homes for sale on the market in Biddeford, ME, is $275,000. Below is a chart of the trend of listing prices of homes for sale in Biddeford, ME, in the past year through September 2009:

If you're looking for a home or condo to purchase in Biddeford, ME, 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 Biddeford, ME, or in the surrounding area.

Get a Free List of Websites of Government and Bank Foreclosure Listings in Biddeford, ME

There are a number of websites that contain free listings of government and bank foreclosed homes in Biddeford, ME. These websites contain descriptions, color photos, and addresses of the foreclosed homes for sale in Biddeford, ME. And, most of these websites have government and bank foreclosure listings nationwide.

There's no charge to search the foreclosure listings on any of these websites, and there's no 7-day free trial period either. Virtually all of these websites do not require any personal information to get access to the government and bank foreclosure listings. You can access these foreclosure listings anytime you want and as often as you want - free of charge!

Get your own directory of free websites of government and bank foreclosures in Biddeford, ME. While registration is required to get access to the directory of free websites of foreclosures, the information will be provided to you instantly, and is completely free-of-charge and without any obligation!

FHA, VA, and USDA Rural Development Loans in Biddeford, ME

Are you looking for a home mortgage loan in the Biddeford, ME area?

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

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

Home mortgage loans in Biddeford:

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

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

• We help Biddeford 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. Get the best available mortgage interest rates for your situation in Biddeford, ME!

The Mortgage Interest Rate Lock Advisory for Biddeford ME for October 26, 2009

Here are some of the events affecting mortgage interest rates today in Biddeford, ME.

What the Mortgage Backed Securities Market is Doing Today:

The price of the FNMA 30-Year 4.5% MBS coupon opened at 101.62 this morning - up 1/32 from Friday'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 100.34 - down 8/32 from its opening. 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 0.25% - 0.50% worse in price this morning as compared to Friday.

The chart below shows the price trend of the FNMA 30-Year 4.5% coupon over the past 30 days:

Recent Activity in Mortgage Backed Securities:

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

• There are no economic reports scheduled for release today.

What's Happening With Mortgage Interest Rates Today:

Moderate to high volatility. Overall, it will most likely be an active - and volatile - week for the mortgage market. You can expect a lot of volatility in mortgage interest rates this week. The most volatile day of the week most likely will be Thursday with the release of the preliminary 3rd Quarter GDP and the results of the 7-Year Note auction.

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 the best available mortgage interest rates for your situation in Biddeford, ME!

Biddeford Maine residential real estate saw 9 transactions take place in May 2009 compared with 12 a year prior. Median pricing clocked in at 189K compared with 181K in May 2008. The residential markets continue to see healthy activity given the overall economic conditions. Inventory is a bit high though with currently 164 homes on the market.

For more information on real estate in Southern Maine please visit www.mymaineproperty.com or feel free to contact me directly at 207-650-5383 or via email at john@greentreemaine.com