mortgage 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)

mortgage rates: Bargain Hunters Come Out for Home Deals - 11/28/08 06:55 AM
We are all painfully aware that there has been much gloom lo these many months of depressing housing data including  recent numbers by the Commerce Department that showing new home sales have fallen to their lowest level since 1991. 
However, I choose to take good news where I can get it.  New housing reports from the Warren Group,  indicates that, while prices continue to drop, there has been a healthy pickup in the number of single-family homes that have been sold recently in Massachusetts. 
Sales in October 2007 were 3,253 and in October 2008 had an increase to 3,698.               
A combination of events … (0 comments)