Housing Market Tests New Mortgage Program’s Effectiveness
MHP’s new mortgage product offers new and bigger discounts to low- and middle-income buyers. But without more housing supply, officials say, there are limits to how much it can do on its own.
Gateway Cities Homebuyers Get New, Cheaper Mortgage Option
Low- and moderate-income, first-time homebuyers in Massachusetts’ largely working-class Gateway Cities have a new mortgage option at their disposal that’s designed to make home ownership more attainable.
Boston Beginning to See Effects of Mortgage Rate Drops
With the Federal Reserve cutting its benchmark interest rate in September, the lower interest rates appear to have driven some increased market activity in Greater Boston.
Local Lenders Confront Challenging Mortgage Market
With mortgage rates rising to heights not seen in 10 years, lenders are looking for different ways to stay competitive, from lowering rates on 30-year fixed products to offering more ARMs.
War, Rate Hikes Will Heap Costs on Prospective Buyers
As we head into the spring market, predictions that 2022 would see home prices continue on their record tear, posting another year of double-digit increases, no longer looks like a sure bet.
What Does the Fed’s Bond-Buying Decision Mean?
Observers say mortgage interest rates will likely rise in the latter half of next year following the Federal Reserve’s announcement that it would begin to taper a massive bond-buying program it started to prop up the economy in the early stages of the COVID-19 pandemic last year.
Fed Officials: Bond-Buying Could End by Mid-2022
Federal Reserve officials are signaling moves that could send mortgage interest rates up next year, potentially curtailing strong housing demand.
Rosengren Joins Calls for Fed Stimulus Drawdown
The president of the Federal Reserve Bank of Boston added his voice Monday to a growing number of people, inside and outside the Fed, who say the central bank should soon begin to dial back its extraordinary economic aid.
Fed Officials Discuss Timing of Reducing Bond Purchases
Federal Reserve officials began discussing at their meeting last month the mechanics of reducing their huge monthly bond purchases that are used to keep longer-term interest rates in check.
Expect 3 Percent Mortgage Rates in 2021, NAR Survey Predicts
Next year will deliver a better economy but consistently low mortgage interest rates, a survey of 20 top economic and housing experts organized by the National Association of Realtors predicts.
Rising Mortgage Rates Threaten Housing Affordability in Boston
The years of historically affordable mortgage rates look to be ending as rates have steadily increased in recent months and show no signs of turning back, according to data released today by Zillow.
Mortgage Interest Rates Climb After US Presidential Election
The average interest rate for a 30-year, fixed-rate mortgage is moving toward 4 percent after last week’s election and it remains to be seen if it’s a temporary spike or a longer-term trend.
