The new Truth-in-lending RESPA Integrated Disclosure (TRID) rules, which went into effect in October, came with some new real estate industry jargon, as well as a new tool for homebuyers to compare home loans offered by competing lenders.
Jan 21, 2016 6:20:45 AM
The new Truth-in-lending RESPA Integrated Disclosure (TRID) rules, which went into effect in October, came with some new real estate industry jargon, as well as a new tool for homebuyers to compare home loans offered by competing lenders.
Topics: Home-buying Tips, Mortgages 101, Mortgage Rates & News
Jan 20, 2016 8:56:43 AM
Massachusetts homebuyers, especially in the Greater Boston area, have seen real estate inventory decline for several years, and some real estate professionals believe rising mortgage interest rates may exacerbate the situation.
Topics: Real Estate Market, Real Estate Misc., Mortgage Rates & News
Jan 16, 2016 9:50:05 AM
Despite concerns among potential Massachusetts first-time home buyers over the Federal Reserve raising short-term interest rates and how that might eventually affect mortgage interest rates, 30-year, fixed-rate interest rates for home loans have declined and remain low.
Topics: Mortgages 101, Mortgage Rates & News
Dec 27, 2015 7:00:00 AM
Not since Y2K have so many predicted such great disruption and chaos in our lives.
Topics: Home-buying Tips, Mortgages 101, Mortgage Rates & News, Real Estate Law
Dec 16, 2015 1:39:11 PM
MassHousing launched Operation Welcome Home last month, a new conventional loan product for eligible Veterans that combines a traditional 97 percent loan-to-value first mortgage with a zero-interest second mortgage of up to 3 percent to create a 100 percent financing product that offers essentially the same attributes of a traditional VA loan.
Topics: Mortgages 101, Real Estate Misc., Mortgage Rates & News
Nov 28, 2015 7:47:42 AM
The average 30-year, fixed-rate mortgage interest rate in the United States remained less than 4 percent when it declined to 3.95 percent from 3.97 percent the previous week, according to government-sponsored mortgage buyer Freddic Mac.
Topics: Mortgage Rates & News
Aug 6, 2015 10:45:04 AM
Boston has happy home buyers, while Las Vegas lacks reliable residents, according to a new study by WalletHub, a consumer finance website. The study looked at how the housing recovery affected consumers across the country. Having the right type of financing could set home buyers up for happy home ownership while risky mortgages could set families up for failure down the road. Metro areas with high equity values, low interest rates and strict lending practices show promise for a stable housing market recovery. The following 1:24-minute video is from USA Today.
Topics: Mortgages 101, Mortgage Rates & News, Video, Boston
Jun 19, 2015 3:36:00 PM
If you're in the market to purchase a home, you may have heard that mortgage interest rates have increased in recent weeks after declining earlier in the year to the lowest level in about two years.
Topics: Mortgage Rates & News
Jan 24, 2015 7:48:00 AM
The average interest rate for a 30-year, fixed-rate mortgage loan continued to decline last week, according to Freddie Mac's Primary Mortgage Market Survey.
Topics: Mortgage Rates & News
Jan 12, 2015 7:23:00 AM
Many potential Massachusetts home buyers may have heard the recent news that the Federal Housing Administration (FHA) reduced cost of private mortgage insurance (PMI), but there are two other important things to know about PMI as it applies to FHA mortgages.
Topics: Home-buying Tips, Mortgages 101, Loan Programs, Mortgage Rates & News
Dec 15, 2014 8:07:00 PM
The real estate media, as well as many real estate bloggers, have been buzzing about the announcement that Fannie Mae and Freddie Mac will now offer first-time home buyers conventional mortgages with only a 3 percent down payment, but in Massachusetts home buyers already have two options for low down payment mortgages.
Topics: Home-buying Tips, Mortgages 101, Mortgage Rates & News
Nov 17, 2014 7:30:00 AM
Mortgage applications for home purchases rose 1.1 percent for the week ending November 7, 2014, according to a report by the Mortgage Bankers Association (MBA), Reuters reported November 12, 2014.
Topics: Mortgage Rates & News
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