As Rates Rise, Fed Holds Steady
June 7, 2009 by Elad Bushari · Leave a Comment
Yields on U.S. Treasury bonds rose in March and April and yields on mortgage-backed securities continue to increase, pushing 30-year fixed home loans up to 5.44 percent—the highest rate for mortgages since early February. The Federal Reserve is buying Treasury’s and mortgage-backed securities (MBS) in an attempt to keep borrowing costs low and to provide [...]
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.
