http://www.masshomesales.com/blog Specializing in Sudbury Real Estate, Acton Real Estate, Wayland Real Estate, Bostons Metrowest Real Estate and Stow Real Estate. Tue, 22 Mar 2011 18:20:59 +0000 http://backend.userland.com/rss092 en There's an article out today in the New York Times that portrays mortgage servicers in a pretty bad light. How bad? It makes them sound like those nasty credit card companies that Congress not-so-gently scolded recently through some new regulation. The Times asserts that mortgage servicers might be intentionally letting ... http://www.masshomesales.com/blog/2009/07/31/are-mortgage-servicers-like-evil-credit-card-companies/ 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 6.67 percent a year ago. The rate was the highest ... http://www.masshomesales.com/blog/2008/06/27/30-year-loans-still-cheaper-than-a-year-ago/ 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 million annual rate, higher than forecast, from a 4.89 million ... http://www.masshomesales.com/blog/2008/06/27/home-resales-rise-prices-fall/ 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 are spilling into other lending markets as customers struggle to ... http://www.masshomesales.com/blog/2008/03/12/13/ Is there a difference between a Mortgage Pre-Qualification letter and a Mortgage Pre-Approval letter? The reality is that most all buyers need to obtain a mortgage loan to purchase a home. Since mortgage approval is such an integral aspect of a home purchase, wouldn't it make sense that REALTORS® have a ... http://www.masshomesales.com/blog/2008/03/12/mortgage-pre-approval-versus-mortgage-pre-qualification/ Freddie Mac reports 30-year, fixed-rate mortgages averaged 5.48 percent WASHINGTON - Rates on 30-year mortgages dropped for a fourth straight week to the lowest level in nearly four years, raising hopes that low rates will help spur a rebound in the hard-hit housing industry. Freddie Mac, the mortgage company, reported Thursday ... http://www.masshomesales.com/blog/2008/01/24/mortgage-rates-lowest-since-in-nearly-4-years/ 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 the country to refinance their mortgages at today's lower rates. Thirty-year ... http://www.masshomesales.com/blog/2008/01/24/homeowners-rushing-to-refinance-mortgages/ According to a Merrill Lynch report, home prices will drop 15 percent this year, and declines will continue in 2009. NEW YORK (CNNMoney.com) -- The worst housing financial crisis in decades is only going to get worse, a Merrill Lynch report said Wednesday. The investment bank forecasted a 15 percent drop in ... http://www.masshomesales.com/blog/2008/01/24/housing-prices-to-free-fall-in-2008-merrill/ The median price of an existing U.S. home fell 1.4 percent last year, the National Association of Realtors reported today. It is the first drop in annual median prices since the NAR started reporting data in 1968, and possibly the first since the Great Depression. Sales volume posted the steepest drop ... http://www.masshomesales.com/blog/2008/01/24/its-official-prices-fell-in-2007/ 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 many people can buy homes, and how much they can ... http://www.masshomesales.com/blog/2008/01/24/lower-mortgage-rates-alone-wont-revive-the-ailing-real-estate-sector/