August 1st 2011 Mortgage Rate Update

Posted by on Aug 1, 2011 in Blog, Buyers, First Time Home Buyers, Mortgage Rates, Sellers | 0 comments Happy Monday!  This summer is flying by! It’s already August 1st!  I am pleased to report that real estate here in Massachusetts, specifically the MetroWest region, has not slowed down yet! Normally, we see a little slow down during the summer, but this year we are continuing to stay steady! In response to quite a few inquiries regarding the state of mortgage rates, I’ve asked Rick...
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The 1 Force That Can Really Change A Mortgage Rate

Posted by on Jun 29, 2010 in Blog, Mortgage Rates | 0 comments All day, every day, conforming and FHA mortgage rates in Massachusetts are in flux.  Rates move in response to hundreds of factors which exact varying levels of influence. Among the biggest influences on mortgage rates is inflation.  When inflation is unexpectedly high, mortgage rates tend to rise quickly. Conversely, when inflation is unexpectedly low, rates tend to fall quickly. But what is...
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Loan Application Alert : Conforming, Interest Only Mortgages Guidelines Change Next Week

Posted by on Jun 16, 2010 in Blog, Buyers, First Time Home Buyers, Mortgage Guidelines, Mortgage Rates | 0 comments If you plan to finance your home with a conforming interest only mortgage, get your loan application submitted no later than this Friday, June 18.  Starting next week, Fannie Mae is clamping down on the popular loan product. An “interest only” mortgage is exactly what its name implies — a mortgage for which the monthly payments consist entirely of interest with no principal...
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Should You Refinance Your Mortgage?

Posted by on May 27, 2010 in Blog, Mortgage Rates, The Economy | 0 comments Because of strife in Greece, Spain and North Korea, conforming mortgage rates are back to all-time lows. They’re at levels not seen in 50 years. For homeowners that missed the Refi Boom of November 2009, it’s a second chance. In this well-presented, 3-minute video from NBC’s The Today Show, you’ll get tips getting low rates and choosing the best time to lock in. Some...
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The Fed’s April Minutes Push Mortgage Rates Even Lower

Posted by on May 20, 2010 in Blog, Mortgage Rates | 0 comments After starting the day in the red, mortgage rates rebounded Wednesday afternoon after the Federal Reserve released its April 27-28, 2010 meeting minutes. It’s good news for home buyers and would-be refinancers.  Mortgage rates continue to troll along multi-year lows. “Fed Minutes” are lengthy, detailed recaps of Federal Open Market Committee meetings, not unlike the minutes...
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Your Mortgage Approval Isn’t Final Until It’s Funded

Posted by on May 14, 2010 in Blog, Buyers, First Time Home Buyers, Mortgage Guidelines, Mortgage Rates | 0 comments A mortgage approval is never final until it’s funded. A host of things can “go wrong” while your home loan is underway. Some are in your control, many more are not.  And just being aware of some potential pitfalls could help save your loan down the road, and your peace of mind today. MSN Money ran a summary piece on the topic titled “10 Things That Can Kill A Home...
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