Massachusetts Home Buyer Guide, First-time Homebuyer Tips, Advice MA

Despite Tight Inventory, Competition for Homes Eases a Bit

Nov 29, 2023 8:55:16 AM

The competition for homes in Massachusetts appears to have eased a bit during the first 10 months of 2023 despite the decline in real estate inventory.

Topics: Real Estate Market, Home-buying Tips, Massachusetts Home Prices, Mortgage Rates & News

Mortgage Interest Rates Drop Nearly .75% in a Month

Nov 22, 2023 1:37:11 PM

Since reaching more than 8 percent last month, the average 30-year, fixed-rate mortgage loan has plummeted almost three-quarters of a percent over four weeks, according to the Mortgage News Daily (MND) Index.

Topics: Mortgages 101, Mortgage Rates & News

Mortgage Interest Rates Have Dropped. How Much Can Home Buyers Save?

Nov 9, 2023 6:21:32 PM

Prospective home buyers in Massachusetts and around the country have had to contend with an increasing triple threat in the real estate market in 2023: higher prices, lower inventory, and rising mortgage interest rates.

Topics: Real Estate Market, Massachusetts Home Prices, The Warren Group, Mortgage Rates & News

Should First-time Home Buyers Wait for Interest Rates to Decline?

Aug 26, 2023 2:34:07 PM

The average U.S. mortgage interest rate reached its highest level since 2001 for the week ending August 24, 2023, according to Freddie Mac's weekly Primary Mortgage Market Survey.

Topics: Real Estate Market, Mortgage Rates & News

Are Higher Mortgage Rates to Blame for Scarce Real Estate Inventory?

Jul 23, 2023 5:23:12 PM

Mortgage interest rates have risen in recent months, significantly impacting Massachusetts and other real estate markets, primarily leading to fewer homes for sale.

Topics: Real Estate Market, Home-buying Tips, Massachusetts Association of Realtors, Mortgage Rates & News

9 Places in Massachusetts Where House Prices Have Fallen in 2023

Jul 9, 2023 10:58:09 AM

Sale price growth for single-family homes has slowed across Massachusetts over the last six months, but the median house price has increased in most cities and towns. On the other hand, the following nine cities and towns have seen single-family home prices decrease so far in 2023, according to the Massachusetts Association of Realtors.

Topics: Real Estate Market, Massachusetts Home Prices, Massachusetts Association of Realtors, Mortgage Rates & News, Wilmington MA, Chelmsford MA, Salem MA, Easton MA, Natick MA, Salisbury MA, Abington MA, Littleton MA, North Reading MA

Mortgage Interest Rates Reached Highest Level in 2023

Jul 7, 2023 7:59:37 PM

The average rate for a 30-year, fixed-rate mortgage climbed to its highest point this year, reaching levels not seen since last fall, according to Freddie Mac's weekly Primary Mortgage Market Survey for the week ending July 6, 2023.

Topics: Mortgage Rates & News

Will Jump in U.S. Mortgage Interests Rates Weaken Homebuyer Demand?

Jun 1, 2023 3:46:29 PM

The average rate in the United States for the 30-year, fixed-rate mortgage rose nearly a half point for the week ending June 1, 2023, according to Freddie Mac's weekly Primary Mortgage Market Survey (PMMS).

Topics: Mortgage Rates & News

Mortgage Interest Rates Decline for Third Consecutive Week

Apr 2, 2023 4:15:17 PM

Average U.S. interest rates for the 30-year, fixed-rate mortgage loan decreased for the third consecutive week for the week ending March 30, 2023, according to Freddie Mac's weekly Primary Mortgage Market Survey (PMMS).

Topics: Real Estate Market, Mortgage Rates & News

Massachusetts Single-family Home Price Growth Slows in January 2023

Mar 3, 2023 5:25:11 PM

The median price of a Massachusetts single-family home grew about 9 percent on average from February 2022 through January 2023, but price growth stalled last month, the Massachusetts Association of Realtors reported.

Topics: Real Estate Market, Massachusetts Home Prices, Massachusetts Association of Realtors, Mortgage Rates & News

Massachusetts Home Prices Increase But Price Growth Slows in 2022

Jan 29, 2023 12:01:57 PM

The median price of a Massachusetts single-family home averaged 6 percent growth each month during the final six months of 2022, slowing from an average 11 percent increase per month on a year-over-year basis during the first six months.

Topics: Real Estate Market, Massachusetts Home Prices, Massachusetts Association of Realtors, Mortgage Rates & News