The Mortgage Interest Rate Lock Advisory for Wellfleet MA for December 2, 2009 Here are some of the events affecting mortgage interest rates today in Wellfleet, MA. What the Mortgage Backed Securities Market is Doing Today: The price of the FNMA 30-Year 4.0% MBS coupon opened at 99.81 this morning - up 2/32 from yesterday's close. The chart below shows today's price trend of the FNMA 30-Year 4.0% coupon: The FNMA 30-Year 4.0% MBS coupon fell 22/32 yesterday, and is currently trading at 99.66 - down 5/32 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 0.125% - 0.375% worse in price this morning as compared to yesterday. Recent Activity in Mortgage... 12/02/2009

The lower cape is where it's at for me. If you want big hotels, chain restaurants, and tawdry night clubs and entertainment, then go down on the South Shore along Route 28 through Hyannis and Hyannisport. Wellfleet is my preference where you have several natural ecosystems to experience. And if you want to get away from unending crowds, go between mid-June and mid-September. Wellfleet in May or October is heaven. Lots of birds, no big crowds, long beaches, and unobstructed access.  10/05/2008

In 1956, my dad bought 8 acres of land in Wellfleet about 750 feet back from Cape Cod Bay and built a house on it. The land cost $25/acre. He had a Techbuilt home put on it. That's a company that made modular homes. They brought out the house in sections and built it. He put it under the brow of the hill in the trees where he could see the shore but not be so exposed to weather, everybody seeing it, and to break ins. My dad was a very private person. I'm sure he would shake his head at these blogs and all the stuff that goes on these days. I suppose the house cost maybe $2,000. He was an engineer and very much a handyman, so we put in alll the interior walls and shelves and plumbing and everything. What an investment If you can calculate enjoyment-hour/dollar spent, the number would app... 09/28/2008

Welfleet & Truro Massachusetts are waaaaayyyy out on Cape Cod. From Falmouth, it can take over an hour to get there (the same time and distance to Boston from Falmouth.) The two towns have a total of only around 5,000 residential properties and well more than half of them are second homes. Welfleet & Truro are bounded by Provincetown and Orleans, the Atlantic Ocean, and Cape Cod Bay.  More than half of the properties in Truro are second homes (60%+-).  And, the same percentage of second homes exists in Welfleet.  There are great beaches on The Atlantic Ocean and on Cape Cod Bay, and Welfleet & Truro also have part of the National Seashore in their boundries.  In fact, Welfleet has more land incompassed by the National Seashore than it has "useable" land by it's citizens.  Even with thei... 05/15/2008

Here we are, April 1, 2008!  Wow, time flies when you're having fun!  The first quarter has ended and here are the sales figues from the Cape Cod MLS system of closed/sold properties in Wellfleet from January 1- March 31.As we know, the average days on the market has increased from 2007.  However, Buyers are buying and the market is active!WellfleetYTD 2008 volumeLYTD 2007 volumeCondos23Single family813Average days on the market300140 WellfleetHighestLowestAverageSingle Family$1,037,500$321,000$611,563Condos$655,000$455,000$555,000 Should you be considering buying or selling a home or condo anywhere here on Cape Cod or in Wellfleet, please feel free to visit my website or call me at 508-487-6002.Rick TourgeeCentury 21 ShorelandProvincetown/ Cape Cod 04/01/2008

Here are the actual sales stats of Wellfleet real estate according to the Cape Cod MLS system of all property types from January 1, 2007- November 30, 2007:SoldSelling Price Range Quantity     Average DOM $80,000 thru $89,999140 $100,000 thru $119,9991277 $120,000 thru $139,9992193 $160,000 thru $179,9992153 $180,000 thru $199,9994114 $200,000 thru $249,9992271 $250,000 thru $299,9994138 $300,000 thru $349,9998172 $350,000 thru $399,99910333 $400,000 thru $449,9996128 $450,000 thru $499,9999226 $500,000 thru $549,999896 $550,000 thru $599,9994196 $600,000 thru $649,9995130 $650,000 thru $699,9992234 $700,000 thru $749,999372 $750,000 thru $799,999186 $800,000 thru $849,9991105 $850,000 thru $899,9992241 $950,000 thru $999,9991278 $1,000,000 thru $1,249,9991169 $1,250,000 thru $1,499,999... 11/30/2007

Here is a breakdown of closed sales in Wellfleet of all property types according to the Cape Cod MLS system from January 1- October 31, 2007.SoldSelling Price Range Quantity     Average DOM $80,000 thru $89,999140 $100,000 thru $119,9991277 $120,000 thru $139,9992193 $160,000 thru $179,9992153 $180,000 thru $199,999397 $200,000 thru $249,9992271 $250,000 thru $299,9993166 $300,000 thru $349,9998172 $350,000 thru $399,99910333 $400,000 thru $449,9996128 $450,000 thru $499,9998232 $500,000 thru $549,999896 $550,000 thru $599,999363 $600,000 thru $649,9995130 $650,000 thru $699,9992234 $700,000 thru $749,999372 $750,000 thru $799,999186 $800,000 thru $849,9991105 $850,000 thru $899,9992241 $950,000 thru $999,9991278 $1,000,000 thru $1,249,9991169 $1,250,000 thru $1,499,9993497 $1,500,000 t... 11/17/2007