KeyBank Reaches $1M in Funding Special Purpose Credit Program
KeyBank, an Ohio-based regional bank with a presence in Massachusetts and Connecticut, reported it funded more than $1 million for its special purpose credit program for homebuyers.
As Mortgage Rates Rise, Housing Affordability the Worst in Years
By three different measures, the cost of buying a home in America is going through the roof – so high that one analysis says housing affordability is the worst it’s been since 2006.
Mortgage Trends to Watch in the Coming Year
Thanks to a slew of uncertainties nobody can claim with certainty the future of the mortgage market over the next 12 months. But there are trends and developments that give us some good indications of what to expect.
Biden Should Pocket These Tax Ideas
Over the next few months, the White House is likely to propose two major tax changes that could impact the housing sector. These two ideas, however, should be chucked in the circular file.
Boston Millennials Face Challenges Affording First-Time Homes
A new survey by Apartment List has found that almost 40 percent of Boston’s Millennials say they could afford a 5 percent down payment on a median-priced home in the next five years.
Bank of America Brings Down Payment Assistance Program to Boston
Through a down payment grant program, BofA will give eligible homebuyers 3 percent of the home purchase price or up to $10,000. In Massachusetts, the year to date median single-family home sale price is $385,000.
Boston 8th Worst Large City for First-Time Homebuyers
Consumer website WalletHub has quantified what local buyers and their Realtors already know: it’s really hard to buy a home in the Greater Boston area.
Division of Banks Awards $1.5M for First-Time Homeownership and Foreclosure Prevention Programs
The Massachusetts Division of Banks yesterday awarded $1.5 million in grants to fund first-time homeownership counseling programs and foreclosure prevention education centers throughout the commonwealth.
