Cambridge Interest Rates Drop Slightly
March 3, 2009 by Elad Bushari · Leave a Comment
The average 30-year mortgage rate in Cambridge stood at 5.35 percent last week, a .2 percent drop from the week prior, according to online mortgage tracker Zillow. The average rate in Cambridge was above the average national rate last week, which rose slightly to 5.29 percent last week. Nationally, Florida mortgage rates (5.15 percent), Georgia [...]
NAR: Stimulus Plan Should Boost Home Sales
February 27, 2009 by Elad Bushari · 1 Comment
NAR estimates that the recently enacted economic stimulus plan, along with lower interest rates and other mortgage relief measures, could help trigger 900,000 additional home sales in 2009 compared to conditions without the stimulus package. The association also expects home inventory to fall below an 8-month supply by the end of the year.
No Place Like Home, Even For “Underwater” Owners
February 27, 2009 by Elad Bushari · 1 Comment
Home values may be sinking in some areas of the country, but that hasn’t stopped homeowners from finding comfort in their homes, according to two studies by the Pew Research Center. Pew finds that 30 percent of mortgage holders say they are “underwater” on their mortgages, meaning their homes are worth less than they owe, [...]
Harvard to raise tuition by 3.5 percent
February 19, 2009 by Elad Bushari · Leave a Comment
Cambridge: Harvard University will raise tuition by 3.5 percent for undergraduate students this fall, the university said Wednesday. Harvard President Drew Faust wrote in a letter posted online Wednesday that tuition would be increased to $33,696 per year. The total costs of attendance will reach $48,868 per year. In 2007, Harvard announced a sliding scale [...]
MIT’s tuition, fees to rise 3.8 percent
February 19, 2009 by Elad Bushari · Leave a Comment
Cambridge: The Massachusetts Institute of Technology will raise tuition an fees for the 2009-2010 academic year by 3.8 percent to $37,782, the college’s smallest increase in eight years. The increase comes as drops in MIT’s endowment have forced the school to slash its budget. MIT’s endowment, which stood at $10 billion as of June 30, [...]
Cambridge Mortgage Rates Keep Falling
February 19, 2009 by Elad Bushari · Leave a Comment
The average 30-year mortgage rate in Cambridge stood at 5.31 percent last week, a 4.2 percent drop from the week prior, according to online mortgage tracker Zillow. The average rate in Cambridge was well above the average national rate last week, which stood at 5.23 percent. Nationally, Georgia mortgage rates (5.14 percent) and Washington mortgage [...]
Citigroup, JPMorgan Chase Suspend Foreclosures
February 16, 2009 by Elad Bushari · Leave a Comment
JPMorgan Chase and Citigroup today announced a moratorium on mortgage foreclosures through next month. JPMorgan’s foreclosure freeze will be good through March 9, while Citigroup’s will last until March 12. In a statement, Citigroup said the program “expands on Citi’s current foreclosure moratorium in which Citi does not initiate or complete a foreclosure sale on [...]
