Peter - former Chairman of OKH Dennis - introduces some notable advantages of historic living in this first installment of our series.
Cape Cod Real Estate
Thomas harps on the entertainment arts that are thriving in Dennis this time of year, especially the Village Green musical performances & the Cape Playhouse.
On this beautiful Saturday morning, Elaine reveals another treasure of Dennis village - Mashantum Tennis Club. Mashantum was founded in 1946, and has hosted lessons, tournaments, and memorable social events for almost 70 years since! We advise that you keep it in mind!
Peter Lomenzo introduces us to the proprietor of the newly opened Italian speciality foods shop!
Thomas Lomenzo chats about "Things to Do" on Cape Cod for the over 21 crowd!
Whenever we are looking at a property with a Buyer client or listing a property for sale, one pertinent question to ask is "Is it in the flood zone?" This is important because properties in a flood zone will require flood insurance - an added expense for the homeowner - if the purchase of the property is financed by a bank. Do you know if your Dennis property is in a flood zone?
Here is the Town of Dennis website for FEMA's 2013 Flood Zones. Just enter your home's address and it will show you if it is in a flood zone: http://www.mapsonline.net/dennisma/dennisfema2013.html
Peter catches up with James Barnes of Cape Abilities Farm in Dennis Village.....
This is the first of weekly reports on the Dennis MA real estate market and other goings-on in the mid-Cape area.
Interest rates fell approximately a half a point in the weeks following Ben Bernanke's announcement in late September that the Fed would continue their pace of bond purchases. This purchasing of bonds has acted as a stimulus package for the housing industry as it has kept mortgage interest rates at historic lows. However, rates over the last few weeks are again inching upward.
There currently is a window of opportunity for you to still get a sub-5% interest rate. This opportunity is expected to disappear in the very near future as most experts expect the Fed to taper the bond purchasers in December.
Even Ben Bernanke, Chairman of the Fed, suggested that the Fed could still scale back the stimulus this year. He stated: "If the data confirms our basic outlook, then we could move later this year."
Here is an example of how an increase of 1% could impact YOU as a buyer:
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