Mortgage Rates Slip To New, Lifetime-Lows After May 2013 FOMC Statement
By Dan Green | Reposted from themortgagereports.com Mortgage rates are dropping as the Federal Open Market Committee (FOMC) adjourns from its third meeting of the 2013. In its post-meeting press release, the Fed described the U.S. economy as expanding “at a moderate pace” over the past six weeks, buoyed by strengthening housing and labor markets. [...]
Mortgage Rates: 30-Year Fixed Rate Slips To 3.54%
By Dan Green | Reposted from themortgagereports.com Conforming mortgage rates slipped this week as the Refinance Boom continues. According to Freddie Mac’s weekly Primary Mortgage Market Survey (PMMS), a poll of more than 100 banks nationwide, the average 30-year fixed rate mortgage rate fell 3 basis point to 3.54% this week. The rate is available [...]
Vital Signs Chart: Mortgage Rates Still Near All-Time Lows
Reposted from the Wall Street Journal | By Brenda Cronin Mortgage rates continue to plumb historically low levels, on the threshold of the industry’s key spring home-sales season. The rate on a 30-year fixed-rate mortgage ticked down to an average of 3.54% in the week ended on March 21 from 3.63% the previous week. That [...]
WEDNESDAY UPDATE: 03/20th
Today’s FOMC adjournment and economic projections yielded little surprises. The meeting adjourned with no change to key short-term interest rates and the Fed outlook on the economy is slightly weaker than previously estimated. Their prediction for Gross Domestic Product (GPD) growth is now between 2.3% and 2.8% while they believe that the U.S. unemployment rate [...]
New Homeowners Guide: How to Buy a House and Get a Mortgage
By Dan Green | Reposted from themortgagereports.com The U.S. housing market is in recovery, and home sales are expected to rise through 2013 and into next year. If you’re among the many people planning to buy a home this year, be sure to understand the actual process of it all — especially with respect to your [...]
Brian Cavanaugh Featured in Boston Magazine
I am thrilled to share that I was mentioned in Boston Magazine in two separate articles. Take a look at these two articles: Best Places to Live 2013: Getting in the Game Best Places to Live 2013: Market Snapshot
What’s New in the Mortgage Market in 2013
By Ilyce R. Glink | Reposted from Yahoo! Homes The new year has brought even more changes to the mortgage market. New and evolving lending standards mean borrowers need to pay more attention to debt and credit when shopping for a loan. And even lower interest rates mean homeowners and new home buyers alike should [...]
Mortgage Rates: The Last Breath Of The 2009-2013 Refinance Boom?
By Dan Green | Reposted from themortgagereports.com Despite day-to-day volatility, the broader mortgage market has been in a 3-week standstill, as 30-year fixed-rate mortgage rates went unchanged again this week according to data from Freddie Mac. The average 30-year fixed rate mortgage remained at 3.53%; the average 15-year fixed held at 2.77%. The mortgage refinance [...]
What Will Happen with Massachusetts Mortgage Rates this Week? 2/11th
Inquire within for current Mortgage Rates or Guidelines bc@SmarterBorrowing.com 617.771.5021 Overall, I believe we will see the most movement in rates the middle part of the week. There is a small improvement waiting for tomorrow’s open if your lender did not improve pricing Friday afternoon when the bond market strengthened during late trading. The Dow [...]
What Will Happen with Massachusetts Mortgage Rates this Week? 1/28th
Inquire within for current Mortgage Rates or Guidelines bc@SmarterBorrowing.com 617.771.5021 Overall, it is difficult to say exactly which day will probably have the most movement in mortgage rates, but Wednesday and Friday are certainly the best candidates. Wednesday has the GDP and FOMC meeting while Friday’s agenda includes two highly important releases in the Employment [...]
bc@smarterborrowing.com 617.771.5021
