Michael Mahoney RealtorMikeMahoney.com 617.615.9435 Although the mortgage rates today are certainly higher than they have been, they are still historically lower than they have been over the last few decades. If you are a seller, I would still not worry rates impacting the pool of buyers out there. There ...
Continue ReadingWeekly Update on Mortgage Applications and Mortgage Rates This week’s update comes to us from national housing correspondent Diana Olick of CNBC If you need a mortgage, please consider my trusted partners About Realtor Michael Mahoney Michael Mahoney | Realtor® | 617-615-9435 | mike@mmahoney.com I am Michael ...
Continue ReadingHow Much Do You Need for Your Down Payment? As you set out on your homebuying journey, you likely have a plan in place, and you’re working on saving for your purchase. But do you know how much you actually need for your down payment? If you think you ...
Continue ReadingMortgage Rates Drop at Yearend December 23, 2021 The market volatility resulting from the COVID-19 Omicron variant is causing mortgage rates to decrease. As the year comes to a close, the housing market is proceeding steadily. However, rates are expected to increase in 2022 which will impact homebuyer demand as ...
Continue ReadingMortgage Rates Remain Relatively Flat Mortgage rates continue to remain stable notwithstanding volatility in the financial markets. The consistency of rates in the face of changes in the economy is primarily due to the evolution of the pandemic, which lingers and continues to pose uncertainty. This low mortgage rate environment ...
Continue ReadingSome Highlights If you’re thinking that waiting a year or two to purchase a home might mean you’ll save some money, think again. Mortgage interest rates are currently very low, but experts across the board are forecasting increases in both home prices and interest rates. Buying a home now means you’ll spend less in ...
Continue ReadingThe Reason Mortgage Rates Are Projected to Increase and What It Means for You We’re currently experiencing historically low mortgage rates. Over the last fifty years, the average on a Freddie Mac 30-year fixed-rate mortgage has been 7.76%. Today, that rate is 2.81%. Flocks of homebuyers have been taking advantage of these remarkably ...
Continue ReadingMortgage Rates Remain Flat Freddie Mac reports each Thursday on mortgage rates and comments on rate movement. “Mortgage rates remain at record lows, resisting their typical correlation to Treasury yields, which have recently been moving higher. Mortgage spreads – the difference between mortgage rates and the 10-year Treasury rate – ...
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