The media has been sounding the alarms on a potential recession this year, which has many questioning if it’s a good time to purchase a home. When people hear about recessions, most remember the sharp decline in home prices during the housing bubble and 2009 recession. Many often mistakenly believe that the recession caused the […]
Stop Waiting, Start Saving
Even though Mortgage Rates are slightly higher than their all-time lows, it may still be very favorable to refinance. In many cases, you can significantly reduce your monthly payment and reduce costly mortgage insurance. It might be tempting to play the market and see if interest rates come back down to their all-time lows. But […]
Inflation and Home Loan Rates
As inflation rises, it typically causes mortgage rates to move higher as well. That’s because inflation is the arch enemy of interest rates, since it erodes the buying power of the fixed return that a mortgage holder receives. While inflation may look tame to everyone at this time, it’s my job to dig deeper for […]
Recent Move In Rates
Rates have risen a little recently, due to the market’s concern that there will be increased spending, debt, and inflation. The 10-Year Treasury yield is now at its highest level in a year. How can this happen when the Fed Funds Rate remains at zero? Let’s remember that the Fed Funds Rate and Mortgage […]
Home Renovation Current Trends
Home renovation current trends courtesy of Christopher Graves at Sierra Pacific Mortgage Company
Condo Market Statistics For Boston MA 2017 2nd Quarter
Condo Market Statistics For Boston MA 2017 2nd Quarter – Condo Property Prices in Boston MA, Activity in the Boston MA Market, Boston MA 2017 2nd Quarter Average Listing Time Frame
Burlington MA Single Family Home Sale Prices For 2nd Quarter 2017
Burlington MA Single Family Home Sale Prices For 2nd Quarter 2017 including average, lowest, median, and highest sale prices
2017 2nd Quarter Woburn MA Single Family Home Market Report
2017 2nd Quarter Woburn MA Single Family Home Market Report – Prices of Single Family Properties in Woburn MA, Woburn MA Market Activity Snapshot, 2017 2nd Quarter Average Listing Time Frame in Woburn MA
Why Mortgage Rates Will Likely Rise in 2017
You’ve probably heard from multiple industry sources that mortgage rates will likely rise in 2017. There are several reasons why this is expected to occur: The Market Has Strengthened Interest rates were kept low for many years because of the declining market. Low rates were intended to help boost a troubled economy. The real estate market has […]
Medford MA Single Family Real Estate Market Report For 2nd Quarter 2013
Medford MA Single Family Real Estate Market Report For 2nd Quarter 2013 including average, lowest, median, and highest sale prices