http://www.bainmortgage.com/MortgageMarketWeekInReview Newsletter-November 28th, 2011 Provided by Dana Bain Dana BainPremiere Mortgage Services www.BainMortgage.com 11 Malvern Hill RoadSterling, MA 01564Phone: (978) 422-2311Fax: (978) 422-2313E-Mail: dana@bainmortgage.com     Market CommentMortgage bond prices ended slightly lower last week, which pushed mortgage interest rates higher.Weak stocks and continued Euro debt concerns helped rates improve early in the week.The data generally helped rates as well.Q3 GDP disappointed with 2% increase compared to the expected 2.5% mark.The Treasury auctions had strong demand and also helped the overall bond market.The shortened and thin trading conditions fortunately did not result in any extreme whipsaw trading that is often common.Mortgage bon... 11/29/2011

            New Listing on Cape Cod Falmouth MA: 51 Gunning Point This is an amazing waterfront contemporary on Gunning Point in the Sippewissett area of Falmouth. Vast ocean views from each room. Wall to ceiling windows. Custom finishes, decks, steel framed 2-story towered Great Room, and extras like remote shades, Marvin high efficiency windows and computerized alarm/sound systems. Superior details and distinctive design make this a home for today's astute seaside buyer. Relaxed, sophisticated, easy to care for, and a pleasure to enjoy. Here is your place to escape to. Directions/Map It            $3,895,000          Represented Exclusively by Robert Paul Properties.   Robert Paul Properties   508-274-5613    Robert Paul Properties | 279 Main St | Falmouth | MA | 02540 | 508-540-9800 11/09/2011

I see in an article that Bank of America is taking as long as 120 days to close a loan. It is such a problem that some experienced loan officers are leaving BoA for other companies that don't have the underwriting delays. You can read the article I read here. I am not a lawyer, but here are questions for listing agents, buyer agents, lawyers, and consumers:  listing agents: If a buyer is getting a loan through BoA, is it in the best interest of the seller to accept that offer without at least a kick out clause that allows for other offers where the buyer is not going through BoA, and there fore may not have delays? buyer agents: If your client has chosen BoA as a lender, is it in your buyer's best interest to stay with BoA or would they be better served by a lender with less delays? Len... 10/24/2011

Cape Cod Waterviews and Beach Rights 169 Clinton Ave Falmouth Cape Cod Waterview. 5 bedrooms with waterviews and deeded beach rights. A true Cape Cod escape. Central air conditioning and the heat is gas. There are wood floors, 3 and a half baths, 2 car garage. The large and level yard has room for the family, a wedding, volleyball, or just relaxing in the sun! This is your reward for working all week. Listed for sale: $1,150,000 (July 2011) 07/27/2011

            Re-Priced Waterfront Property on Cape Cod: Pool, Dock, and much more. Falmouth: 114 Acapesket Reward yourself. Here is a private, waterfront home overlooking sparkling pool and your dock. Relax on your bluestone patio overlooking your cool clear pool, just steps from your boat dock with deep ocean access. A California-Style ranch that moves your eyes to the pleasing view. Inside, the fireplaced great room - with sound system, vaulted ceiling, and hardwood floors - provides relaxing space and room for entertaining. The master bedroom has a walk-in closet and a private marble bath for your comfort and retreat. There are three additional bedrooms and a full bath in a separate wing. This is one worth making the trip for! Directions/Map It            $799,000          Represente... 07/21/2011

Open Houses on Upper Cape this Saturday FALMOUTH: 169 Clinton Ave   Saturday, July 2, 12-3pm    Directions/Map It            $1.150M              Represented Exclusively by Robert Paul Properties. Robert Paul Properties | 279 Main St | falmouth | MA | 02540 07/01/2011

Open House on Upper Cape this Saturday FALMOUTH: 186 Clinton Ave #3    Saturday, July 2, 12-3pm   Directions/Map It     Additional property details   Represented Exclusively by Robert Paul Properties. Robert Paul Properties | 279 Main St | Falmouth | MA | 02540 07/01/2011

Falmouth TimeShare for RENT Across the street from the beach! Available 2011 one week in July (7/29 to 8/05). Nicely appointed, sleeps up to 4. Only 1 week is available. This time-share owner would like to rent their week in this unit to you. It is ONLY $1000 for the week at Beachside. The Owner says: there is daily maid service, a Queen bed and a pull out couch. You can cook in the full kitchen, watch tv, wash and dry clothes, use the swimming pool, and of course the beach is right there in front. Main Street Falmouth is a short walk for shopping, great food, and fun. Woods Hole is a short drive, and the boats to Martha's Vineyard are easy to get to from here. If you are looking for a fun week, Cape Cod is world renown for summer fun! 05/30/2011

Are you looking to retire to Cape Cod and want single floor living in Falmouth, MA? We will provide you with all the current homes on the market along with a detailed map of the area - Go to: SINGLE FLOOR LIVING, FALMOUTH, MA CAPE COD Would you like to see SINGLE FLOOR living homes for sale in other towns of Cape Cod? Feel free to go in and register for Cape Cod MLS for such a property. Go to: Cape Cod Home Search You will receive: New listings as they come on the market Addresses and mapping Detailed information on specific listings as requested After you register a professional real estate agent from Virtual Homes Real Estate will be in contact with you. You will be smelling the salt air soon enough. 05/04/2011

Are you looking to buy a waterfront home in Falmouth, MA? We will provide you with all the current homes on the market along with a detailed map of the area - Go to: WATERFRONT AND WATERVIEW HOMES FOR SALE Would you like to see waterfront homes in other towns of Cape Cod?  Feel free to go in and register for Cape Cod MLS for such a property.  Go to: Cape Cod Home Search You will receive: New listings as they come on the market Addresses and mapping Detailed information on specific listings as requested After you register a professional real estate agent from Virtual Homes Real Estate will be in contact with you. You will be smelling the salt air soon enough. 05/04/2011

Although we had a very cold winter with plenty of snow, relative to th winter we had in 2010, Falmouth, MA had pretty solid sales figures for the 1st Quarter of 2011.  Here are the results compared to 2010 1st. Quarter.  Falmouth only showed a slight decrease in all the different catagories listed below which I think is pretty good despite the weather.  There were days I didn't want to leave my house this winter with all the ice and snow, never mind sell a house!!!  These results are for single family homes and do not include condominium sales.  Resource: CC&IAOR                                       2010 1st Qtr Results:                                                       2011 1st Qtr. Results Number of houses sold:                85                                                   ... 04/07/2011

If you don't act to save it!  The MID or Mortgage Interest Rate Deduction is in danger of being voted into history. The economic recovery depends in large measure on recovery in the housing market.  To preserve the MID, urge your reps in Washington to oppose any legislation that would undermine it. You can use the Realtor Call To Action page. This is a link to the Realtor Call To Action page for saving and protecting the MID.  This has a brief form that allows you to send an email to your rep asap. If you own a home, does the MID help you on your taxes? If you sell homes, does the MID help buyers decide to buy instead of rent? The Realtor Call To Action Web Site says: "When Congress is considering legislation that affects the real estate industry, NAR calls on its members to act. Simply... 04/04/2011

There are grants available to Green Community towns across the US. Falmouth MA is making a concentrated effort to be at the top of the list, and a leader. There are meetings coming up to help educate and elucidate Falmouth's plans. There is a meeting at Lawrence School at 6:30pm Thursday evening. The Lawrence school is on Lakeview Ave and is the 7th and 8th grade middle school. The meeting will be in the auditorium. There will also be a discussion of "Stretch Energy" at Town Meeting. This is the idea that building should encompass current energy conservation concepts and products. Towns with higher energy conserving building standards and codes can acquire grants from the Commonwealth of MA. As of last November, only 64 of the over 350 MA towns were on the Stretch Code list. The links b... 03/23/2011

It was around 40 degrees today and the Coast Guard was practicing rescues off the coast of Falmouth MA on Cape Cod. This helicpoter and the rescue teams repeated their routine over and over in the cold waters. The sun was out, but I'm sure they were cold. I put my Droid camera lense up to the eyelet of a pair of binoculars I had and took this video. It is a little shaky, but clear enough to see one completed rescue. The waster was calm, the sun was out, and in general, a good day to practice. 02/23/2011

House Hunting Tip: The information reported in the public record is often wrong. In my small town, the Assessing Department and the Building Department and often the Health Department and the Assessing Department do not compare their property records. What one department has, may not be a part of another department's information.  We even have 2 different, town authorized, online sources for property values that don't match all the time. For anyone - agents, buyers, and sellers all included - there is a public record problem. For agents, knowing what exists and being asked to explain the public record differences can be frustrating. For buyers, the discrepancies create an air of mis-trust and concern. For sellers, the actual property components that should be noted and aren't, devalue t... 02/20/2011

  Falmouth, Massachusetts is situated in the southwest corner of Cape Cod, known as the Upper-Cape. It is the second most populous and second largest town on the Cape, and probably has one of the longest coastlines in the state. Some 70 miles of seashore edge the town. Consequently, there is a lot of land development with high value, high demand, and the choice views that create real property wealth.  The town was settled by English colonists in 1660 and officially incorporated in 1686. Early economic activities included farming, salt works, whaling, shipping and sheep husbandry. By the late 1800s cranberries were being cultivated and strawberries were being raised for the Boston market. With the arrival of the railroads in 1872, the town and its constituent villages became popular sum... 02/18/2011

Falmouth MA Condo for Sale If you are involved in buying a Falmouth MA condo, it is important to understand the legal ramifications of this form of ownership. Rules and regulations regarding the sharing of common areas, amenities and the land parcel have been stipulated in the condo docs.  A condominium has its advantages but in some cases a specific Falmouth condo development may have restrictions that do not fit your lifestyle.  To evaluate condos and single family homes for sale, visit Falmouth MA real estate. What is a Condominium The word condominium describes a form of land ownership and are governed by laws set out in Chapter 183A of the General Laws of Massachusetts and known as the Massachusetts Condominium Act.  This act covers the requirements for unit owners and condominium ... 01/10/2011

Falmouth MA Short Sales - Pre-foreclosure Purchase As a home buyer looking for value in the purchase of real estate you may consider a Falmouth MA short sale as a viable option. Buying a short sale is a difficult and often a frustrating process and should not be confused with a foreclosure. To have success, hire experienced professionals that understand all aspects of the transaction. Utilize the services of Realtors, attorneys, accountants, mortgage lenders and home inspectors as they all provide expert advice. A Falmouth Short Sale Defined Homeowners that have financial hardships may pursue a short sale prior to foreclosure. The property value is less than the outstanding liens on the property (mortgages and insurance premiums) and the homeowner does not have sufficient resources to p... 01/10/2011

Home for Sale in Falmouth MA : 61 Triumph Street Great Location! When they talk about location, this is it! This home for sale in Falmouth MA is located in a beautiful neighborhood, and is just three-tenths of a mile from the ocean - and equally as close to Falmouth Center. Nice Cape with 4 bedrooms, 2 full baths. Interior needs cosmetic repairs. The Master Bedroom, located on the 2nd floor, features sliders to a deck w/seasonal ocean view. The home also features a working outside/enclosed shower, Gas Heat with a 10 year old furnace, (used very little use, although year-round, home has been used seasonally past 15 years.) Exterior was painted March 2009. New Title V septic to be installed. Home for Sale61 Triumph Street, Falmouth, MA 02540 See more photos and get additional information ... 12/23/2010

These are 10 simple reasons to buy a home. They are 10 informed reasons to buy a home. They are 10 logical reasons to buy a home. And this list is approved by a veteran loan originator who knows how to get a loan closed in this restricted environment. I have been at more than one closing that Addie Drolette has patiently and competently helped occur. It Builds Equity - Home ownership builds equity for future uses such as college expenses, home-additions, retirement, etc. Available Financial Assistance - There are many programs that help a buyer not only with the financing but also with the down-payment. Sovereign Bank has access to many of these programs. It's a Buyer's Market - Today we are in a buyer's market with plenty of homes to choose from. No need for a buyer to settle for anyth... 11/16/2010