New England Metros Feeling Greatest Mortgage Lock-In Effects
Several of New England’s biggest metros had the biggest gaps between the typical homeowner’s mortgage payment and what today’s typical buyer faces.
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.
Study Pinpoints Magic Mortgage Rate to Spur Sales
The idea that 5 percent is the magic average mortgage interest rate for unlocking the housing market just got some more data behind it.
Black Knight: Monthly Mortgage Rate-lock Volumes Rose in January
While mortgage rate-lock volumes increased nationwide for the first time in nine months, volumes remained down compared to 2022.
Study Shows How Far Home Prices Have Risen Above Affordability Averages
A new Zillow study suggests American home prices would have to fall almost 25 percent to return to recent affordability norms – something the company’s researchers suggested is so unlikely that buyers “may need to reset their expectations.”
