Will 2013 Be the Time for Home Buyers to Jump?
By RACHEL LOUISE ENSIGN for The Wall Street Journal This New Year’s, you may want to make a resolution to go house hunting. Home prices are finally starting to recover, but they’re still low enough to get a great deal. Add to that interest rates that are at historic lows, and 2013 may be the [...]
What Will Happen with Massachusetts Mortgage Rates this Week? 11/26th
Inquire within for current Mortgage Rates or Guidelines bc@SmarterBorrowing.com 617.771.5021 Overall, I am expecting tomorrow to be the least important day of the week while Tuesday will likely be the most important due to the importance of that’s day data. Thursday’s GDP could also be a market mover if it disappoints the markets or shows [...]
What Will Happen with Massachusetts Mortgage Rates this Week? 11/19th
Inquire within for current Mortgage Rates or Guidelines bc@SmarterBorrowing.com 617.771.5021 Overall, I believe that we will see more volatility in the markets and mortgage rates the first couple days of the week. The most important day will probably be Wednesday, while the least important will be Friday. Also worth noting are rising tensions and activities [...]
Mortgage Rates Fall to Record Lows With 30-Year at 3.34%
By Prashant Gopal for businessweek.com U.S. mortgage rates declined to record lows, dropping borrowing costs after applications for refinancing rose for the first time in six weeks. The average rate for a 30-year fixed mortgage dropped to an all-time low of 3.34 percent in the week ended today from 3.4 percent, McLean, Virginia-based Freddie Mac [...]
FHA Streamline Refinance: Basic Qualification Requirements
By Dan Green (NMLS #227607) for themortgagereports.com It’s an interesting time for FHA-insured homeowners. FHA mortgage rates are making new, all-time lows while — at the same time — FHA mortgage insurance premiums (MIP) are gearing up for an increase. The combination has fueled a spike in FHA refinance applications nationwide. In September 2012, more than [...]
What Will Happen with Massachusetts Mortgage Rates this Week? 11/12th
Inquire within for current Mortgage Rates or Guidelines bc@SmarterBorrowing.com 617.771.5021 Overall, look for Wednesday to be the most important day of the week with two very important reports scheduled and the FOMC minutes, but Thursday’s CPI is also a major release for the bond market. It is difficult to label any particular day as the [...]
Mortgage Rates Remain Near All-Time Lows At 3.40%
By Dan Green (NMLS #227607) for themortgagereports.com Mortgage rates continue to hang near all-time lows. The 30-year fixed rate mortgage now averages 3.40% nationwide for conforming home loans via Freddie Mac, and the 15-year fixed rate mortgage averages 2.69%. The rates are available for borrowers wanting to pay 0.7 discount points at closing. This week [...]
The Art of Bespoke: An Evening of Cocktails, Cuisine, and Conversation with Alton Lane
Customizing your Housing Needs is only the Beginning! Take a look at this fun upcoming event in Boston: A Custom Dining Experience at Menton… The Art of Bespoke: An Evening of Cocktails, Cuisine, and Conversation with Alton Lane Thursday, November 15, 2012 at 6:30PM From customized clothing to cocktails, having something made expressly to one’s [...]
Mortgage Rates Start The Week By Falling, May Drop More
By Dan Green (NMLS #227607) for themortgagereports.com Mortgage-backed securities (MBS) improved last week amid stronger-than-expected economic data, including the U.S. jobs report for October. Normally, an improving jobs economy would lead mortgage rates higher but the unexpected effects of Hurricane Sandy, which forced the exchanges closed for 36 hours and which has caused an estimated [...]
What Will Happen with Massachusetts Mortgage Rates this Week? 11/5th
Inquire within for current Mortgage Rates or Guidelines bc@SmarterBorrowing.com 617.771.5021 Overall, it is difficult to predict just how active this week will be for mortgage rates. As expected, last week brought us quite a bit of volatility in rates when the markets were open for trading. This week should be much calmer as I don’t [...]
bc@smarterborrowing.com 617.771.5021
