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 ...
Loan requirements tighten, change as home sales fall
Wednesday, March 12th, 2008 Posted in Mortgage Information, Sudbury Real Estate | No Comments »NEW YORK - The loan you qualify for on Monday might be out of reach on Tuesday. Bankers and lenders are rapidly changing their requirements as home sales and prices plummet and delinquencies and defaults rise. Problems in the mortgage market ...
Homeowners rushing to refinance mortgages
Thursday, January 24th, 2008 Posted in Mortgage Information, Sudbury Real Estate | No Comments »Federal Reserve’s surprise rate cut sparked a refinancing boom NEW YORK - This week's surprise rate cut by the Federal Reserve not only held Wall Street and investors in thrall, it's also kicked into high gear a rush by homeowners across ...
5 lousy excuses for not buying a home
Friday, January 18th, 2008 Posted in Sudbury Real Estate | No Comments »For many, the American dream is simply out of reach for financial reasons. But for others, it’s not the money, it’s the . . . well, we’ve come up with five reasons why people don’t want to buy real estate. ...
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