Mortgage Rates Continue to Slide Down June 22, 2023 Mortgage rates slid down again this week but remain elevated compared to this time last year. Potential homebuyers have been watching rates closely and are waiting to come off the sidelines. However, inventory challenges persist as the number of existing homes ...
Continue ReadingFebruary 9, 2023 Freddie Mac Primary Mortgage Market Survey Following an interest rate hike from the Federal Reserve and a surprisingly strong jobs report, mortgage rates increased slightly this week. The 30-year fixed-rate continues to hover close to six percent, and interested homebuyers are easing their way back to the ...
Continue ReadingMichael 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 ...
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