Over the past couple of years, a lot of people have had a hard time buying a home. And while affordability is still tight, there are signs it's getting a little better and might keep improving throughout the rest of the year. Lawrence Yun, Chief Economist at [...]
If you're planning to buy your first home, then you're probably focused on saving for all the costs involved in such a big purchase. One of the expenses that may be at the top of your mind is your down payment. If you’re intimidated by how much you need to save for that, it may be because you believe you must put 20% down. That doesn’t [...]
As mortgage rates rose last year, activity in the housing market slowed down. And as a result, homes started seeing fewer offers and stayed on the market longer. That meant some homeowners decided to press pause on [...]
While it’s exciting to start thinking about moving in and decorating after you’ve applied for your mortgage, there are some key things to keep in mind before you close. Here’s a list of things you may not realize you need to avoid after applying for your home loan.
Lenders need to source your money, and [...]
Mortgage rates have been a hot topic in the housing market over the past 12 months. Compared to the beginning of 2022, rates have risen dramatically. Now they’re dropping, and that has to do with everything happening in the economy.
Nadia Evangelou, Senior Economist and Director of Forecasting at the National Association of Realtors (NAR), explains it well [...]
If you're about to buy a condo or home in Boston, it pays to remember that price and timeline are not the only things to be mindful of. There are contingencies that your sale that are in place for your protection, and you'll need to pay attention to them.Most of the contingencies are to be completed prior to your signing the "Purchase and [...]
Getting pre-approved for mortgage financing falls under the category of boring but necessary. I like to revisit this topic now and then, however, because I believe the single most important thing you can do beforebeginningyour home search is to get a pre-approval letter from a lender. If you plan on buying a Boston area condo or home, and [...]
With interest rates likely to increase soon, I thought I wouldshare aBoston Globe article about how upcoming changes may affect home buyers.Written by Paul Anastos, a frequent national mortgage speaker and an authority on residential home loans, the article explains how the Federal Reserve works in regards to keeping the nation's financial [...]
