If you’re a first time home-buyer, you may have been given the option to lock in an interest rate before closing on your future home. But for many buyers, this can be a confusing choice, with its own set of pros and cons.… more
You’ve heard it a thousand and one times: interest rates are a huge determining factor when choosing the right time to buy a home. Lower rates equal lower monthly payments, which equate to a good time to buy.… more
As a loan officer serving Boston, MA and the Greater Boston area, I watch the mortgage rates closely. After hitting an all-time low around 3.5% for a 30-year fixed rate at the beginning of last year, rates have been steadily rising. … more
If you plan on purchasing a house in the Greater Boston Area, and plan on living in the house/owning the house for a long period of time (10 years or greater), then it might be in your best financial interest to purchase mortgage discount points from your mortgage lender.… more
Greater Boston Area Mortgage Rates and Growth of Cities
Massachusetts home mortgage rates are, on average, lower than the national rate. In contrast, the median price of a home in Massachusetts exceeds that of a home in other states across the nation. … more
Freddie Mac says the average rate on a 30-year loan recently dipped to 3.34%, the lowest on record since 1971.
The 15-year fixed mortgage rate has also dropped down from 2.69% to 2.65%, another new record.… more
When trying to better understand the available home loans in the Greater Boston area, a mortgage loan calculator can make the task easier.
A mortgage calculator is a quick online software tool to help you understand your loan or potential loan.… more
My headline yesterday was: Mortgage Rates Fully Recover from Recent Uptick. Energy Building in Benchmarks.
This is what I said:
Over the past two days benchmark Treasury yields and MBS prices have barely budged from a tight trading range.… more
Every category of the London Inter-Bank Offered Rate (LIBOR) index trended downward for the month of September.
Click “read more” to view a historical breakdown of the various LIBOR indices over the past 12 months.… more