by KR Boston | Sep 18, 2023 | Housing Market Updates, Interest Rates, Mortgage Rates
Hey folks, let’s talk mortgages and what’s been happening lately. First off, the big news is that the average contract interest rate for 30-year fixed-rate mortgages, especially those conforming to loan balances of $726,200 or less, took a little dip. It went...
by KR Boston | Jul 17, 2023 | Housing Market Updates, Interest Rates, Mortgage Rates
Hey, have you heard about the current state of the US housing market? There’s no question that home prices are cooling down after the rapid price increases we saw during the pandemic. Home prices fell year-over-year in February for the first time in 131 months, which...
by KR Boston | Jun 20, 2023 | Mortgage Rates
If you’re curious about current mortgage rates and what factors can impact them, you’re in the right place. Let’s dive into it with confidence: Economic Climate: Mortgage rates are influenced by the overall economic conditions. When the economy is strong and...
by KR Boston | Apr 11, 2023 | Advice for Homeowners, Home Buying, Market updates, Mortgage Rates
As we near the end of March 2023, the mortgage market has seen some movement in interest rates. According to Bankrate.com, the average rate on a 30-year fixed mortgage is 6.93%, while the average rate on a 15-year mortgage is 6.18%. Jumbo mortgages with a 30-year term...
by KR Boston | Dec 12, 2022 | Housing Market Updates, Interest Rates, Millennials, Mortgage Rates
In a world where things are changing rapidly, it can be hard to predict what an industry will look like. But that doesn’t mean predictions aren’t worth exploring, especially regarding the housing market. With more than half of all Americans being homeowners,...
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...
