by KR Boston | Oct 12, 2022 | Advice for Homeowners, Interest Rates, Market updates, Mortgage Rates
Are mortgage rates high right now? Forty years ago, in October of 1981, the average mortgage rates were above 18%. A year ago, mortgage rates on 30-year mortgages were below 3%. Are rates higher than last year? Yes, the rates are higher. Are they even close to...
by KR Boston | Aug 6, 2022 | Housing Market Updates, Interest Rates, Mortgage Rates, Pricing
Ask almost any real estate agent, and they will tell you that the housing market is slowing down. Some real estate experts call it a correction or say that the market is transitioning. Freddie Mac says that the U.S. housing market is slowing down, whatever you name...
by KR Boston | Apr 16, 2022 | Homebuyers, Mortgage Rates
It is time to buy your first home! Making this purchase is such an overwhelming process, and we want to make it as easy for you as possible. The best way to do that is to be ahead of the game. Before you jump into a new mortgage, learn how to prepare to get the best...
by KR Boston | Jan 13, 2022 | Down Payments, Home Buyers, Housing Market Updates, Interest Rates, Mortgage Rates
While it’s challenging to buy a home with a down payment, programs exist that allow qualified buyers to put down as little as 3.5%. A VA Loan will let you put down 0%. Why would anyone put down as much as 20%? It Will Lower Your Interest Rate A 20% down payment...
by KR Boston | Jan 13, 2022 | Housing Market Updates, Low Credit Scores, Mortgage Rates
Mortgage rates remain near historic lows but will probably rise in 2021. But even with a mortgage rate in the 3% range, there are traps to be avoided if you want a mortgage at all. Primary among these traps is the debt-to-income ratio (DTI). A recent study by...
by KR Boston | Dec 14, 2021 | Home Buyers, Mortgage Rates
In December, mortgage rates remain stable. The 30-year fixed mortgage rate moved lower from 3.10% to 3.11% during the week ending 12/9/2021. It seems that Investors are optimistic that the omicron variant of Covid-19 will not have a significant impact on markets. ...
