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Massachusetts Home Buyer Guide

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Salem, MA Home Prices Increase in 2016

Feb 1, 2017 5:11:39 PM

The median price of a single-family home in Salem, Massachusetts increased 6.7 percent in December compared to December 2015 and increased 5.5 percent in 2016 compared to 2015, according to data collected by the Massachusetts Association of Realtors.

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Topics: Real Estate Market, Community Information, Massachusetts Home Prices, Salem MA

U.S. Mortgage Interest Rates on the Rise Again

Jan 29, 2017 10:47:48 AM

The average mortgage interest rate in the United Stated increased for the first time in 2017 after three weeks on declines, according to Freddie Mac's Primary Mortgage Market Survey released January 26, 2017. 

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Topics: Mortgage Rates & News

How Much Did Waltham, MA Home Prices Increase in 2016? 

Jan 28, 2017 8:05:14 AM

The median price of a single-family home in Waltham, Massachusetts increased 15.7 percent in December 2016 compared to December 2015 and increased 10.3 percent in 2016 compared to 2015, according to data collected by the Massachusetts Association of Realtors. 

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Topics: Real Estate Market, Community Information, Massachusetts Home Prices, Waltham MA

How Fast Are Home Prices Increasing in Massachusetts?

Jan 25, 2017 10:02:00 AM

The median price of a single-family house in Massachusetts modestly increased in December and throughout 2016, The Warren Group reported January 24, 2017. 

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Topics: Real Estate Market, Massachusetts Home Prices, Arlington MA, The Warren Group, Braintree MA, Newton MA

Mortgage Interest Rates Decline Third Consecutive Week

Jan 22, 2017 11:59:36 AM

Average U.S. mortgage interest rates declined for the third straight week for the week ending January 19, 2017, according to Freddie Mac's Primary Mortgage Market Survey. 

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Topics: Mortgage Rates & News

Massachusetts First-time Homebuyers Should Consider MassHousing

Jan 13, 2017 6:34:00 PM

Many homebuyers mistakenly think that MassHousing loans are only available to low-income first-time homebuyers in Massachusetts. Although there are income limits and loan limits, homebuyers are often surprised by how much a borrower can earn and borrow and still qualify.

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Topics: Home-buying Tips, Mortgages 101, Loan Programs, Video

Mortgage Interest Rates Decline Again

Jan 13, 2017 11:45:00 AM

Average U.S. mortgage interest rates declined for the second consecutive week, according to Freddie Mac's Primary Mortgage Market Survey released January 12, 2017. 

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Topics: Mortgage Rates & News

FHA Reduces Mortgage Insurance Premiums

Jan 12, 2017 6:18:33 PM

(UPDATE: The Trump Administration on January 20, 2017 indefinitely suspended the recently announced FHA mortgage insurance premium reduction.)

Homebuyers will pay less for mortgage insurance when purchasing a home with an FHA loan starting later this month, the Federal Housing Administration (FHA) announced January 9, 2017; however, most Massachusetts homebuyers with credit scores 680 or higher still will have more appealing low down payment financing options.

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Topics: Mortgages 101, Loan Programs, Mortgage Rates & News, FHA

How Much Cash Do Massachusetts First-time Homebuyers Need?

Jan 12, 2017 8:55:00 AM

One of the most difficult parts of buying a home for Massachusetts first-time homebuyers is saving for the down payment. So how much cash on hand does a homebuyer need to buy a home?  

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Topics: Home-buying Tips, Mortgages 101, Loan Programs

After Nine Weeks of Increases, Interest Rates Decline

Jan 11, 2017 4:56:55 PM

The average U.S. interest rate for a 30-year, fixed rate mortgage declined from 4.32 percent to 4.20 percent for the week ending January 5, 2017, according to Freddie Mac's Primary Mortgage Market Survey. 

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Topics: Mortgage Rates & News

Median Condo Price in North End Tops $550K

Jan 5, 2017 12:59:25 PM

The median price of a condominium in Boston's North End neighborhood reached $551,500 through the first 11 months of 2016, according to data compiled by the Greater Boston Association of Realtors. The data included the sparsely populated West End neighborhood. 

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Topics: Real Estate Market, Community Information, Massachusetts Home Prices, Boston

Mortgage Interest Rates Increase Nine Straight Weeks

Jan 2, 2017 9:42:46 AM

U.S. average mortgage interest rates increased for the ninth consecutive week, according to Freddie Mac's Primary Mortgage Market Survey. 

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Topics: Mortgage Rates & News

   

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