Nantucket Island Massachusetts Directory of Real Estate Resources

Rates 4/29/08

Rate Update for April 29, 2008

5/1 ARM 5.375%

7/1 ARM 5.75%

30 YEAR FIXED 6.25%

Rates are based on Jumbo loan amounts (over $417,000.)
Aggressive Loan to Value Land and Construction Loans
(No Cap on Land or Construction Loan Amounts)
Pre Fabrication Financing Available

Matthew Sanford
Sr. Loan Officer
617.293.5399
Matthew.Sanford@Salemfive.com

Cheers,

Dalton

Rates, 4/1/08



Rate Update for April 1, 2008

5/1 ARM 5.375%

7/1 ARM 5.75%

30 YEAR FIXED 6.5%

Rates are based on Jumbo loan amounts (over $417,000.)
Aggressive Loan to Value Land and Construction Loans
(No Cap on Land or Construction Loan Amounts)
Pre Fabrication Financing Available

Matthew Sanford
Sr. Loan Officer
617.293.5399
Matthew.Sanford@Salemfive.com

Cheers,

Dalton

Rates 3/24/08

Rate Update for March 24, 2008

5/1 ARM 5.375%

7/1 ARM 5.75%

30 YEAR FIXED 6.25%

Rates are based on Jumbo loan amounts (over $417,000.)
Aggressive Loan to Value Land and Construction Loans
(No Cap on Land or Construction Loan Amounts)
Pre Fabrication Financing Available

Matthew Sanford
Sr. Loan Officer
617.293.5399
Matthew.Sanford@Salemfive.com

Cheers,

Dalton

Property Transfers

Feb. 11, 2008 ~ Feb. 15, 2008

1. A business on .03 of an acre at 33 Main St. sold to Lawrence M.
Maury and Michelle B. Maury of Naples, Fla. from Robert E. Tonkin,
Executor, of Nantucket, Mass. for $4,500,000. The property is assessed
at $4,205,600. The land bank fee is $90,000.

2. A house on .82 of an acre at 110 Baxter Road sold to Patrick T.
Ryan, Trustee, of Beverly Farms, Mass. from Peter Wise of Greenwich,
Conn. for $3,450,000. The property is assessed at $3,415,000. The land
bank fee is $69,000.

3. Ahouse on .47 of an acre at 14 Gosnold Road sold to Leonard Barbieri
and Jean Barbieri of Dover, Mass. from Richard F. Burns and Diane T.
Burns of Sherborn, Mass. for $2,100,000. The property is assessed at
$2,570,000. The land bank fee is $42,000.

4. A house on .26 of an acre at 157 Surfside Road sold to Giovanna Lucy
and Richard Lucy of New York City, N.Y. from Sarah A. Ingram of
Springfield, Mass. for $875,000. The property is assessed at
$1,064,400. The land bank fee is $17,500.

5. Acondominium on .25 of an acre at 23 Bartlett Road sold to Francisco
A. Alfaro and Rosa Hernandez of Nantucket, Mass. from Samuel C.
Traywick of West Hyannisport, Mass. for $575,000. The property is
assessed at $934,500. The land bank fee is $11,500.

6. A cooperative on .46 of an acre at 21A Evergreen Way sold to Shane
D. Nicholls and Pamela W. Nicholls of Nantucket, Mass. from Adam Sabin
of Nantucket, Mass. for $228,269.79. The property is assessed at
$1,580,600. The land bank fee is $4,565.40.

7. Ahouse on .55 of an acre at 44 Starbuck Road sold to Donna, Mark,
Adam, Julie and Rachel Christian of Dudley, Mass. from Donna and Mark
Christian of Dudley, Mass. for $1. The property is assessed at
$1,306,900. The land bank exemption is B.

8. Ahouse on .18 of an acre at 8 Washington Ave. sold to Vincent Scott
Pascucci (aka Scott Pascucci) Trustee of the Vincent Scott Pascucci
2007 Revocable Trust of Malibu, Calif. from Scott Pascucci of
Nantucket, Mass. for $1. The property is assessed at $1,249,200. The
land bank exemption is D.

9. Acooperative on .46 of an acre at 21 Evergreen Way sold to the 21
Evergreen Way Cooperative Corporation of Nantucket, Mass. from Adam
Sabin of Nantucket, Mass. for $0. The property is assessed at
$1,580,600. The land bank exemption is I.

10. A house on .06 of an acre at 5 Coon St. sold to Penelope A.
MacDonald and Heidi E. MacDonald, Trustees of the Penelope A. MacDonald
Revocable Trust u/a/dtd June 28, 1983, of Wellesley Hills, Mass. from
Penelope A. MacDonald of Wellesley Hills, Mass. for $0. The property is
assessed at $1,286,100. The land bank exemption is D.

11. A bulding on .06 of an acre at 7 India St. sold to David Masters,
Jr. and Cielo Masters of Nantucket, Mass. from David Masters, Jr. of
Nantucket, Mass. for $0. The property is assessed at $1,288,000. The
land bank exemption is C.

12. A dwelling, Unit 3-A, at 3 Windy Way sold to Julie K. Demeritt,
Trustee of Demeritt Family Nominee Trust of Canandaigua, N.Y. from
Julie K. Demeritt, formerly known as Julie K. Immesoete of Canandaigua,
N.Y. for $0. The property is assessed at $363,400. The land bank
exemptions are C and D.

Cheers,

Dalton

Estimate of Proposed Loan Limit Increases

Geographic Area Current Loan Limit Proposed Loan Limit
Anchorage, AK $625,500 $625,500
Atlantic City, NJ $417,000 $453,750
Baltimore-Towson, MD $417,000 $424,351
Barnstable Town, MA $417,000 $583,374
Bend, OR $417,000 $447,500
Bishop, CA $417,000 $729,750
Boston-Cambridge-Quincy, MA-NH $417,000 $603,907
Boulder, CO $417,000 $459,375
Bremerton-Silverdale, WA $417,000 $475,000
Bridgeport-Stamford-Norwalk, CT $417,000 $715,164
Charlottesville, VA $417,000 $425,000
Durango, CO $417,000 $443,750
Edwards, CO $417,000 $729,750
Fairbanks, AK $625,500 $625,500
Flagstaff, AZ $417,000 $450,000
Gardnerville Ranchos, NV $417,000 $729,750
Hartford-West Hartford et al, CT $417,000 $439,125
Hilo, HI $625,500 $625,500
Honolulu, HI $625,500 $716,033
Jackson, WY-ID $417,000 $729,750
Juneau, AK $625,500 $625,500
Kahului-Wailuku, HI $625,500 $716,033
Kapaa, HI $625,500 $716,033
Ketchikan, AK $625,500 $625,500
Key West-Marathon, FL $417,000 $729,750
Kill Devil Hills, NC $417,000 $460,000
Kodiak, AK $625,500 $625,500
Los Angeles-Long Beach et al, CA $417,000 $729,750
Madera, CA $417,000 $425,000
Medford, OR $417,000 $422,500
Merced, CA $417,000 $471,557
Miami-Fort Lauderdale et al, FL $417,000 $505,028
Modesto, CA $417,000 $729,750
Napa, CA $417,000 $729,750
Naples-Marco Island, FL $417,000 $729,750
New York et al, NY-NJ-PA $417,000 $693,321
Ocean City, NJ $417,000 $729,750
Ocean Pines, MD $417,000 $437,499
Oxnard-Thousand Oaks-Ventura, CA $417,000 $729,750
Phoenix Lake-Cedar Ridge, CA $417,000 $437,500
Poughkeepsie-Newburgh et al, NY $417,000 $443,750
Redding, CA $417,000 $423,625
Reno-Sparks, NV $417,000 $462,068
Riverside et al, CA $417,000 $549,006
Sacramento–Arden et al, CA $417,000 $488,863
Salinas, CA $417,000 $729,750
San Diego-Carlsbad et al, CA $417,000 $729,750
San Francisco-Oakland et al, CA $417,000 $729,750
San Jose-Sunnyvale et al, CA $417,000 $729,750
San Luis Obispo-Paso Robles, CA $417,000 $729,750
Santa Barbara-Santa Maria, CA $417,000 $729,750
Santa Cruz-Watsonville, CA $417,000 $729,750
Santa Fe, NM $417,000 $426,432
Santa Rosa-Petaluma, CA $417,000 $729,750
Sarasota-Bradenton-Venice, FL $417,000 $442,237
Seattle-Tacoma-Bellevue, WA $417,000 $574,782
Silverthorne, CO $417,000 $431,250
Stockton, CA $417,000 $729,750
Trenton-Ewing, NJ $417,000 $439,550
Truckee-Grass Valley, CA $417,000 $729,750
Ukiah, CA $417,000 $729,750
Vallejo-Fairfield, CA $417,000 $729,750
Washington et al, DC-VA-MD-WV $417,000 $637,838
Winchester, VA-WV $417,000 $475,000
York-Hanover, PA $417,000 $424,587
Yuba City, CA $417,000 $424,680
Note: Estimates of proposed conforming loan limits are based upon current FHA loan limits (for areas with FHA loan limits below the current maximum of $362,790) and data from the
National Association of Realtors (NAR) regarding median existing home sales prices by MSA for Q3:2007 (for areas with FHA loan limits above the current maximum of $362,790).
NAR estimates of median existing home sales prices are not available for all affected areas. For those areas the proposed limit is assumed to be $729.750.
Estimates of proposed conforming loan limits above $477,355 (i.e., areas w/ FHA loan limits at the maximum of $362,790) should not be considered reliable.
Estimates of Proposed Higher Conforming Loan Limits by Geographic Area

Cheers,

Dalton

Why rates are going up

Treasuries Fall as Demand Wanes for Lowest-Ever 30-Year Yield
By Sandra Hernandez and Deborah Finestone

Feb. 7 (Bloomberg) — U.S. Treasuries declined as demand was weaker than expected at the government’s $9 billion auction of 30-year bonds, which drew the lowest yield on record.

Ten- and 30-year securities fell a second straight day as traders bet the Federal Reserve’s five interest-rate cuts since September will revive economic growth and cause inflation to accelerate.

“The auction went as poorly as one could imagine,'’ said Andrew Brenner, co-head of structured products in New York at MF Global Ltd., the world’s largest broker of exchange-traded futures and options contracts. “There isn’t a lot of demand for bonds at these levels.'’

The yield on the new benchmark 10-year note auctioned yesterday, with a 3 1/2 percent coupon and due in February 2018, rose 16 basis points, or 0.16 percentage point, to 3.76 percent as of 2 p.m. in New York, according to bond broker Cantor Fitzgerald LP. Benchmark 10-year yields fell to a 4 1/2-year low of 3.285 percent on Jan. 23, the day after the Fed’s emergency 0.75 percentage point rate cut.

The new 30-year bond drew a yield of 4.449 percent at the auction, compared with 4.41 percent in pre-auction trading and the 4.421 percent forecast of six bond-trading firms surveyed by Bloomberg News. The new bond last traded with a yield of 4.51 percent.

Ron Peck
Sr. Vice President
Salem Five Mortgage Services
978-448-8417
978-302-8640 cell
978-498-0176 fax

Dalton

Latest Rates

Rate Update for February 4, 2008

5/1 ARM 5.375%

7/1 ARM 5.875%

30 YEAR FIXED 6.5%

Rates are based on Jumbo loan amounts (over $417,000.)
Aggressive Loan to Value Land and Construction Loans
(No Cap on Land or Construction Loan Amounts)
Pre Fabrication Financing Available

Matthew Sanford
Sr. Loan Officer
617.293.5399
Matthew.Sanford@Salemfive.com

Dalton

Rates

Following are current rates:

Rate Update for January 25, 2008

5/1 ARM 5.625%

7/1 ARM 5.875%

30 YEAR FIXED 6.5%

Rates are based on Jumbo loan amounts (over $417,000.)
Aggressive Loan to Value Land and Construction Loans
(No Cap on Land or Construction Loan Amounts)
Pre Fabrication Financing Available

Matthew Sanford
Sr. Loan Officer
617.293.5399
Matthew.Sanford@Salemfive.com

Dalton

A Sign of a Resilient Market

122 Main Street came on the market Friday morning for $2.695M. By Friday evening the property was under agreement for over the asking price. Not too bad considering the house needs a major restoration…

Dalton

Mortgage Rates

Following are the latest rates from a very good mortgage banker. His bank is very liquid, so he does not face the problems many banks are funding to qualified borrowers. He is very informative and eager to help, so give him a call.

Cheers,

Dalton

Rate Update for January 17, 2008

5/1 ARM 5.5%

7/1 ARM 5.75%

30 YEAR FIXED 6.5%

Rates are based on Jumbo loan amounts (over $417,000.)
Aggressive Loan to Value Land and Construction Loans
(No Cap On Land and Construction Loan Amounts)
Pre Fabrication Financing Available

Matthew Sanford
Sr. Loan Officer
617.293.5399
Matthew.Sanford@Salemfive.com