Good News about Mortgage Rates and Market Activity

The Mortgage Bankers Association announced that its seasonally adjusted index of mortgage applications increased by 13% in the week ending June 10, 2011. This was the biggest gain since March. This index includes both refinance and purchase transactions.

Total Breakdown:

Refinance application were up 16.5%
Purchase applications were up 4.5%

Declining Rates:

The group went on to point out that Mortgage rates have dropped for 8 of the past 9 weeks.

Contact Dwyer Law:

If you are considering refinancing your property or purchasing a new one and are looking for assistance with the process, please feel free to give us a call (Initial consultations are free).

Final Thoughts:

If you are a first time homeowner or looking to upgrade, NOW is a good time to get off the fence and into the Market. And, if you are already a home owner NOW is a good time to contact your mortgage consultant to see if you can lower your monthly payments.



For more information see: http://http//www.reuters.com/article/2011/06/15/us-usa-economy-mortgages-idUSTRE73C1ZG20110615

ANNOUNCEMENT

We're pleased to announce that Attorney John Spino has joined the firm as "Of Counsel" to provide full estate planning services for our clients. John brings over 12 years of experience to the firm. John will work with you to determine what estate plan is the best plan for you and your family.

In addition, he'll focus on minimizing the tax liabilities that may be present and on avoiding or minimizing the impact of probate. John accomplishes this by collaborating with you, your Financial Planner and your Tax Advisor to develop a customized Estate Plan that meets your individualized needs and concerns.

John also has the experience to assist you in all phases of the estate administration and probate. He understands the role of an Executor, Administrator, Personal Representative or other interested party and knows how to ease the administrative burdens of estate administration.

We invite you to contact our office to schedule a free, no obligation consultation with John. Call (617) 244-2665.

Team Pie It Foward Raises $17,350.00

For the second year in a row, we were a proud member of team Pie It Forward. The following is our 2010 press release:


Thanks to generous support from family, friends and clients, Team Pie It Forward sold 604 pies raising $17,350 for “Pie in the Sky” annual bake sale held by Community Servings. From late October to a few days before Thanksgiving, “Pie In The Sky” made history – raising over $500,000 with over 14,000 pies sold by hundreds of volunteers.

True to our namesake; Team Pie It Forward donated gift pies to the United States Marine Corps “Toys for Tots” in Boston to show our appreciation for their service to our country and their continued dedication to make the holidays a little brigher for so many children.

Team Pie It Foward celebration dinner at Eastern Standard

Team Pie It Forward 2010 members: Tamela Roche, Mike Bavuso, Brian Jurgens, Karen Coleman, Brooke Kavoogian, Joseph Aceto, Kathleen Wentworth, Janet Picinich, Andrew Sheehan and Patrick F. Dwyer & Associates. Meet the Team Members below! Special Thanks to the volunteers who helped us at Pie Central - Ryan Moore and Walker Christie!

Team Pie It Forward delivered 150+ pies to local companies such as Morgan Stanley Smith Barney, Cambridge Offset Printing, Leader Bank, Patriot Financial Group and for Patrick F. Dwyer & Associates thanks to the generosity of Mike Bavuso, President of Big Foot Moving & Storage, Inc. and his entire crew who donated their services to deliver thousands of pies to pick-up locations throughout greater Boston.

Thanks to all of our clients and friends who purchased pies and/or donated money!

What to buy? Large or Small Condominium?

About a month ago, there was a very interesting article in the Boston Globe by Kris Frieswick, regarding the struggles of living in a small condominium. The article, called "Home Sweet Hell", chronicled the neighborly battles of a few small condominium homeowners, which were anything but neighborly. So, what's better? Living in a small condominium or large condominium? This is a difficult question to answer, and the answer will vary from person to person. Here are a few important considerations when choosing between a small and large condominium:

Small Condominium (2-10 units)
- Typically self-managed
- Involved in all aspects of decision making; budget
- Less privacy; very familiar with neighbors
- Less amenities
- Lower association fees


Large Condominium (10+ units)
- Typically have property manager
- Decisions usually left to manager and handful of trustees
- More privacy; owners can blend in
- Typically more amenities: concierge, indoor parking, etc.
- Higher association fees


In either case, it's very important to read the condominium documents when purchasing a condominium unit. It's also important to have any attorney represent your interests when purchasing. A good attorney will thoroughly review the documents on your behalf. Lastly: REMEMBER TO ASK QUESTIONS! You're making a large investment, know what you're getting yourself into!