30-year loans still cheaper than a year ago
Friday, June 27th, 2008 Posted in Boston Metrowest News, Mortgage Information, Sudbury Real Estate | No Comments »Fixed rates stable, ARM rates up on Fed uncertainty Freddie Mac reports that rates on 30-year fixed-rate mortgages averaged 6.45 percent with an average 0.6 point for the week ending June 26, up from 6.42 percent last week but down from ...
Home resales rise, prices fall
Friday, June 27th, 2008 Posted in Boston Metrowest News, Market Conditions, Mortgage Information, Sudbury Real Estate | No Comments »WASHINGTON - Sales of previously owned homes in the United States rose in May from the lowest level in at least nine years as a slide in prices lured some buyers into the market. Resales increased 2 percent to a 4.99 ...
Lower mortgage rates alone won’t revive the ailing real estate sector
Thursday, January 24th, 2008 Posted in Boston Metrowest News, Mortgage Information | No Comments »Don't look for the Federal Reserve's rate cut to revive the housing market. Mortgage rates already sit near historic lows. But larger forces are aligned against a revival: Falling home prices, tighter lending standards, and rising unemployment all are limiting how ...
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