interest rates: Mortgage Rates are on the Upswing - 04/11/10 01:53 AM
Mortgage Rates are on the Upswing 
As predicted, interest rates are starting to climb.  
Resulting from an improving economy and the end of the government's program to keep rates low, the interest rate on a 30-year, fixed-rate mortgage was 5.21 percent. This was up from 5.08 percent just last week.  This is the highest it has been since the middle of August when it was at 5.29 percent. 
This is good news-bad news, of course.  If interest rates are climbing then it stands to reason that sentiment about the economy is improving.  As a matter of fact, investors have been feeling … (5 comments)

interest rates: How Long Will Mortgage Rates Stay This Low? - 09/07/09 08:55 AM
As summer winds down, some home buyers in  Massachusetts are still waiting for the perfect opportunity to pull the trigger on their home purchase.  With higher interest rates looming as a possibility, some mortgage professionals are urging fence-sitting home buyers to make their move. 
Last week, rates for 30-year home loans edged down a bit, staying close to record lows that were seen in the spring.  
According to Freddie Mac, the average 30-year fixed rate mortgage was 5.08 percent which is down from 5.14 percent a week earlier. 15-year fixed rate mortgages fell to 4.54 percent, from 4.58 percent previously. 
Bob … (9 comments)

interest rates: Existing Homes Sales rise Unexpectedly - Massachusetts Blog - 03/24/09 11:12 AM
While some homebuyers have been complacent in taking their time to find a home to buy in Massachusetts, I recently noticed a trend of more and more homes quickly going under agreement.  This has been occurring with more frequency as home sales have unexpectedly surged.  
Sales had been expected to fall this season; however they have, jumped 5.1 percent to an annual rate of 4.72 million as of last month.  Here in the Northeast, sales rose 15.6% to an annualized rate of 740,000 units and are down 14.9% from a year ago
Nationally, the increase in sales  has been the largest increase since July 2003. 
The inventory of homes on … (0 comments)

 
Claudette Millette, Buyer, Broker - Metrowest Mass (The Buyers' Counsel) Rainmaker large

Claudette Millette

Buyer, Broker - Metrowest Mass

Ashland, MA

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Address: 27 Thomas Street, Ashland, MA, 01721

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