The FED raised rates by a half percentage point last week. This will certainly give some buyers pause as it reduces the price of the house they can buy. For example, in buying an $800,000 home, a half percentage point would raise the mortgage p...
Applications to refinance a home loan increased 1% last week but were still 56% lower than the same week one year ago.
Mortgage applications to purchase a home fell 2% for the week and were 9% lower year over year.
While mortgage rate...
The stock market was quite a roller coast ride last week. Jerome Powell announced that rates are going up 3-4 times this year beginning in March, which was a factor. He also indicated that there is a possibility that the first rate increase c...
Comparison to this time last year - Jan 7 2021 / Jan 2022
I am showing Newton numbers since that is where we sell most, but this is reflective of the Greater Boston market overall. Those numbers are 4,775 properties on today compared to 7.06...
The bottom line for prospective homebuyers is this: The historically low mortgage rates of 2020 and 2021 are not coming back in 2022. But rates are likely to remain relatively low.
Even a jump to 4% by the end of the year in 2022 would be ...
Policies that Biden is proposing:
1. Reinstate the Affirmatively Furthering Fair Housing rule, which had been repealed in July by Trump. The 2015 rule required local governments receiving federal housing financing to devise plans to address ...
I don't need to tell you that the virus is back in full force with the largest number of new cases reported today. With regards to real estate this year, COVID has caused a flight from the city to the suburbs and an uptick in people buying vac...