Entering the Boston North Shore home buying market can be an interesting and rewarding opportunity. In order to fully understand the home buying process, it’s important to spend some time doing research on the market. Here are a few points to consider as you prepare to embark on your house hunting safari. Boston Area Home Buying Tips Gain […]
As Boston North Shore mortgage borrowers continue to see home prices rise they have increasingly more equity to utilize. Industry experts say that nationwide home equity has risen by nearly $825 billion. That represents a 250% increase over home equity levels of just four years ago. However, tapping into that equity by using a home equity line […]
The Boston North Shore housing market has been anticipating a possible interest rate hike by the Federal Reserve Bank. Analysts say a small interest rate hike will have little effect on housing activity. In fact, there are other components that are more telling that could impact Boston North Shore housing. What to Look for in the Boston […]
In a move to assist Boston North Shore mortgage borrowers, the Federal National Mortgage Association (Fannie Mae) announced it will make substantial changes in a lending program for low-to-moderate-income households. The program, dubbed HomeReady, is scheduled to begin in December. It promises to feature new lending guidelines recognizing that many of Boston North Shore mortgage […]
The Boston North Shore housing outlook continues to remain positive. The Commerce Department released information confirming that the sales of newly built homes rose more than 5% in July. In addition, prices for new homes were up. Homebuilders cite two reasons for the recent higher traffic and sales activity: 1.) The much anticipated rate increase by […]
