The Dramatic Impact of Homeownership on Net Worth If you’re trying to decide whether to rent or buy a home this year, here’s a powerful insight that could give you the clarity and confidence you need to make your decision. Every three years, the Federal Reserve releases the Survey of Consumer Finances (SCF), which compares ...
Continue ReadingWhat Lower Mortgage Rates Mean for Your Purchasing Power If you want to buy a home, it’s important to know how mortgage rates impact what you can afford and how much you’ll pay each month. Fortunately, rates for 30-year fixed mortgages have come down significantly since the end of October and are currently ...
Continue ReadingIf you’re thinking of buying a home this year, you’re probably paying closer attention than normal to the housing market. And you’re getting your information from a variety of channels: the news, social media, your real estate agent, conversations with friends and loved ones, the list goes on and on. Most likely, home ...
Continue ReadingHeading into the New Year, Mortgage Rates Remain on a Downward Trend December 28, 2023 The rapid descent of mortgage rates over the last two months stabilized a bit this week, but rates continue to trend down. Heading into the new year, the economy remains on firm ground with solid ...
Continue ReadingFebruary 9, 2023 Freddie Mac Primary Mortgage Market Survey Following an interest rate hike from the Federal Reserve and a surprisingly strong jobs report, mortgage rates increased slightly this week. The 30-year fixed-rate continues to hover close to six percent, and interested homebuyers are easing their way back to the ...
Continue Reading“Real Estate Can Make Dumb People Look Smart” Although rates have climbed for 6 consecutive weeks, real estate has always been a sound investment. Watch my video below to see the trendline followed by a home in Greater Boston purchased in June 2014. The wealth it created for the owner ...
Continue ReadingMichael Mahoney RealtorMikeMahoney.com 617.615.9435 Although the mortgage rates today are certainly higher than they have been, they are still historically lower than they have been over the last few decades. If you are a seller, I would still not worry rates impacting the pool of buyers out there. There ...
Continue ReadingMortgage Rates Drop at Yearend December 23, 2021 The market volatility resulting from the COVID-19 Omicron variant is causing mortgage rates to decrease. As the year comes to a close, the housing market is proceeding steadily. However, rates are expected to increase in 2022 which will impact homebuyer demand as ...
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