Heading into the New Year, Mortgage Rates Remain on a Downward Trend December 28, 2023 The rapid descent of mortgage rates over the last two months stabilized a bit this week, but rates continue to trend down. Heading into the new year, the economy remains on firm ground with solid ...
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 Reading“Real Estate Can Make Dumb People Look Smart” Although rates have climbed for 6 consecutive weeks, real estate has always been a sound investment. Watch my video below to see the trendline followed by a home in Greater Boston purchased in June 2014. The wealth it created for the owner ...
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 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 ReadingSeptember 2,2021 by Realtor Michael Mahoney | 617-615-9435 There are many headlines out there that claim we’re reverting to a more normal real estate market. That would indicate the housing market is returning to the pre-pandemic numbers we saw from 2015-2019. But that’s not happening. The market is still extremely ...
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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