Boston North Shore mortgage loan experts say over 6 million people nationwide will buy homes next year. Statistics expect roughly 2 million will be first-time homebuyers. Both first-time buyers and others always wrestle with whether or not to pay “discount points” on their mortgage. The Boston North Shore Mortgage Loan: Points? Just what the heck are discount […]
A loan closing attorney who, when reviewing the documents with a new Boston North Shore mortgage borrower, used to jokingly say, “You’re welcome to read all these forms, and if you find anything in your favor the lender will be happy to correct that mistake!” Of course, he was only joking and he used that line as an ice-breaker. However, […]
Economists and mortgage lenders are still keeping a watchful eye on Boston North Shore interest rates. Federal Reserve chair Janet Yellen recently told the House financial services committee that no immediate decision has been made to raise interest rates. However, she said a December rate hike was still a “live possibility.” Will Boston North Shore Interest Rates Rise […]
With the Federal Reserve being on the verge of raising Boston North Shore interest rates for the first time in several years, at least one economist says there is little to fear. Mortgage rates will stay low for a good while, says the Wall Street Journal’s chief economics correspondent, Jon Hilsenrath, even if the Fed does […]
Boston North Shore mortgage rules may be about to take a big change, and the jury is still out as to whether it could be bad for the mortgage industry in the long haul. If changes announced recently by Fannie Mae catch on, the process of having to fork over your pay stubs could go the […]
