Mortgages and Financing

October 19, 2010

Compelling reason to borrow money now?

If you’re thinking of buying a home or refinancing your current mortgage, you may have a once in a lifetime opportunity!  30 year fixed rate mortgages […]
August 13, 2010

Mortgage rates at historic lows – again

Mortgage rates in the US hit historic lows this week as fears of new economic weakness and stubbornly high unemployment drove rates down again.  30-year fixed-rate […]
June 26, 2010

Why new Loan Quality Initiative may be trouble for home buyers and sellers

Take a second to Google “Loan Quality Initiative.”  I did and found over 365,000 results on this currently hot topic in the real estate profession. Pay […]
June 13, 2010

Mortgage rates near 50 year lows

Mortgage interest rates dropped to near 50 year lows this past week as institutional investors shifted assets from stocks to US Treasuries in the face of […]
May 15, 2010

Experts wrong as mortgage rates stay low

Back at the start of the year, there was widespread alarm in the media that mortgage interest rates were poised to rise steeply in early 2010. […]
January 25, 2010

Mortgage rate outlook for 2010

Freddie Mac announced late last week that the average rate for 30 year fixed rate mortgage loans fell to 4.99%, marking the third week in a […]
December 13, 2009

Interest rates near all-time lows, mortgage applications up

Low mortgage rates are causing a spurt in mortgage applications this December.  30 year fixed rate loans averaged 4.81% this week, continuing a year-long run of […]
November 17, 2009

Mortgage interest rates remain low

The average interest rate charged for 30 year fixed-rate mortgages in the US slipped below 5% again in mid-November.  The easy money policies adopted by the […]
October 10, 2009

Mortgage rates near record lows

The Massachusetts real estate market got some very good news this week.  Freddie Mac announced Thursday that the average interest rate for 30-year-fixed-rate mortgage loans has […]
August 11, 2009

Mortgage Rates Decline Slightly

The average rate for a 30 year fixed-rate mortgage dropped a bit this week despite the release of an economic report that showed less weakness that […]
July 11, 2009

30 Year Mortgage Rates Drop

After peaking at nearly 5.6% on June 11, the average 30 year fixed mortgage rate as tracked by Freddie Mac dropped to 5.2% in the succeeding […]
June 14, 2009

Rates Rise As Economy Improves

Interest rates generally fall when the economy falters and rise when economic expectations turn bullish.  With retail sales rising, the Fed announcing that the worst of […]