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

Mortgage Interest Rates Reach an All-time Low, Home Prices Up

Jun 3, 2020 4:43:49 PM

Average mortgage interest rates in the United States reached an all-time low for the week ending May 28, 2020, according to Freddie Mac's weekly Primary Mortgage Market Survey.

Topics: Real Estate Market, Massachusetts Home Prices, Mortgages 101, Mortgage Rates & News

Mortgage Interest Rates Rise Slightly

Apr 27, 2020 10:39:14 PM

Average U.S. mortgage loan interest rates increased slightly for the week ending April 23, 2020, according to Freddie Mac's weekly Primary Mortgage Market Survey.

Topics: Mortgages 101, Mortgage Rates & News

What are the Income Limits for a MassHousing Loan?

Apr 17, 2020 7:35:05 PM

Many first-time homebuyers are surprised at how much money you can earn and still qualify for the conventional MassHousing Mortgage program.

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

MassHousing Down Payment Assistance Helps More First-time Home Buyers

Apr 11, 2020 11:02:05 AM

Not enough cash for a down payment? That may not be an obstacle to homeownership for qualified Massachusetts first-time homebuyers.

Topics: Home-buying Tips, Community Information, Mortgages 101, Loan Programs, Haverhill MA, Lowell MA, Melrose MA, Peabody MA, Salem MA, Mansfield MA, Lynn MA, Taunton MA, Everett MA, Worcester MA, Malden MA, Lawrence MA, Revere MA

Mortgage Rates Expected to Support Real Estate Market Activity

Jan 16, 2020 3:28:17 PM

Average U.S. mortgage interest rates have remained below 4 percent since June 2019, giving Massachusetts homebuyers a little relief from rising home prices.

Topics: Mortgages 101, Mortgage Rates & News

7 Ways Homebuyers Negatively Impact the Home Loan Process

Oct 4, 2019 5:15:09 PM

You're almost to the finish line.

Topics: Home-buying Tips, Mortgages 101

Mortgage Interest Rates Unchanged, Remain Near Historic Lows

Aug 20, 2019 6:08:13 PM

Average U.S. mortgage interest rates were unchanged for the week ending August 15, 2019, and remained near historic lows, according to Freddie Mac's weekly Primary Mortgage Market Survey.

Topics: Mortgages 101, Mortgage Rates & News

Costs First-time Homebuyers Should Consider Beyond Mortgage Payments

Mar 31, 2019 9:30:00 AM

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.

Topics: Home-buying Tips, Mortgages 101

New Year Brings Lower Mortgage Interest Rates

Jan 6, 2019 2:14:49 PM

The start of 2019 continued the recent good news on the mortgage interest rate front for Massachusetts homebuyers.

Topics: Mortgages 101

Homebuyers Faced With Highest Interest Rates in More Than Four Years

Apr 29, 2018 10:07:53 AM

Average U.S. mortgage interest rates increased to the highest level in more than four years for the week ending April 26, 2018, according to Freddie Mac's Weekly Primary Mortgage Market Survey.

Topics: Mortgages 101, Mortgage Rates & News

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.

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

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.

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