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 [...]
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
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 [...]
Bernanke says, “Slow growth, not a recession”. Encouraging.
From the looks of the property transfers last week, it appears 2008 is off to a strong start. See property transfers below courtesy of the “Nantucket Independent”. Dalton PROPERTY TRANSFERS Jan. 7, 2008 ~ Jan. 11, 2008 1. A house on 2.1 acres at 71 Pocomo Road sold to Waypoint, LLC, of Newtown Square, Pa. [...]
J Pepper Frazier Company is pleased to announce it’s newest, exclusive listing. 6 Pochick Avenue is a quintessential Nantucket property. The luxury house, cottage and self-cleaning pool are sited on over an acre of well manicured property. Just a quick jaunt down the Surfside bike path to the beach and only 3 miles to Town. [...]
Another major theme at the Inman real estate conference was the trend of real estate advertisements going paperless and the relationship between the web and the consumer. The President of Century 21 Canada said that as of 2008, 95% of their advertisements will be paperless (i.e. no print media) and most of their advertising dollars [...]
I just got back from the Inman Real Estate Conference in NYC and learned a ton. All in all, people think there will still be pain in most real estate markets. However, there was also a majority consensus that areas like Nantucket, the Hamptons and Manhattan are well insulated markets that are very resilient and [...]