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.
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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
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.
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Mortgage Rates & News
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).
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Mortgage Rates & News
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).
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Real Estate Market,
Mortgage Rates & News
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.
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Topics:
Real Estate Market,
Massachusetts Home Prices,
Massachusetts Association of Realtors,
Mortgage Rates & News
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.
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Real Estate Market,
Massachusetts Home Prices,
Massachusetts Association of Realtors,
Mortgage Rates & News
Average mortgage interest rates nationally have declined for four weeks, but lower borrowing costs have not increased homebuyer demand.
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Massachusetts Association of Realtors,
Mortgage Rates & News
Average U.S. mortgage interest rates fell for the week ending November 17, 2022, welcome relief for Massachusetts homebuyers struggling with a profound lack of affordability.
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Mortgage Rates & News
After dropping below 5 percent at the beginning of August, average U.S. mortgage interest rates have increased over the past several weeks, according to Freddie Mac's weekly Primary Mortgage Market Survey.
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Mortgage Rates & News
The Massachusetts real estate market delivered more of the same in July 2022, with sales down, prices up, and inventory shrinking.
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Topics:
Real Estate Market,
Massachusetts Home Prices,
Massachusetts Association of Realtors,
Mortgage Rates & News
Uncertainty surrounding inflation and other economic factors resulted in a decline in the average U.S. mortgage interest rate, according to Freddie Mac's weekly Primary Mortgage Market (PMMS) Survey for the week ending August 4, 2022.
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Topics:
Massachusetts Association of Realtors,
Mortgage Rates & News,
National Association of Realtors,
Greater Boston Association of Realtors
Average U.S. mortgage interest rates have fallen over the past two weeks, but demand for purchase mortgage applications is down from a year ago, and affordability is an issue for homebuyers, three mortgage industry organizations reported recently.
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Topics:
Real Estate Market,
Mortgage Rates & News