Massachusetts Home Buyer Guide

Average U.S. mortgage interest rates increased slightly, but rates remained below year-ago levels for the eighth straight week, according to Freddie Mac's weekly Primary Mortgage Market Survey for the week ending April 4, 2019.

You have provided your loan officer with your pay stubs, W-2s, tax returns, bank statements, and other financial documents. The lender has reviewed the documents and provided you with a pre-qualification or a loan estimate. You're all set to go house hunting in Massachusetts or to close, and you'll know exactly how much it will cost you to be a homeowner. Not exactly. 

The Massachusetts housing market is about to get interesting.

A winter with little snow put Massachusetts homebuyers in the mood to purchase houses and condominiums long before the traditional start of the spring housing market.

Last fall prospective homebuyers may have thought the era of super-low interest rates had finally ended when average mortgage interest rates in the United States topped 5 percent for the first time in about seven years.

Average U.S. mortgage interest rates dropped 10 basis points for the week ending March 14, 2019, according to Freddie Mac's weekly Primary Mortgage Market Survey.

Average U.S. mortgage interest rates increased for the first time in four weeks, according to Freddie Mac's weekly Primary Mortgage Market Survey.

Average U.S. mortgage interest rates were flat for the week ending February 28, 2019, but were lower than the same week last year, according to Freddie Mac's weekly Primary Mortgage Market Survey.

Half of the Massachusetts real estate inventory situation improved for homebuyers to start 2019, the Massachusetts Association of Realtors (MAR) reported February 27, 2019.

Average U.S. mortgage interest rates have declined for three consecutive weeks, and interest rates were lower than the same week last year, according to Freddie Mac's weekly Primary Mortgage Market Survey.

Average U.S. mortgage interest rates declined to start February 2019 and are less than 10 basis points higher than average rates a year ago, according to Freddie Mac's Weekly Mortgage Market Survey for the week ending February 7, 2019.

Despite tight inventory and rising home prices, Massachusetts first-time homebuyers made up more than a third of buyers statewide in 2018, the National Association of Realtors (NAR) reported recently.