Mortgage and Finance Blogs

For the First Time in 6 Months 30 Year Fixed Mortgage Rates Rise Over 3%

Leave a Comment / 2021, Mortgage and Finance Blogs /

For the first time in months, mortgage interest rates have risen above 3%.  Improvements in employment, plummeting COVID cases, increased saving, and a likely fiscal stimulus are all factors influencing increased spending and therefore, inflation.  Just whispers of inflation for goods, services, and oil can put the bond market in a volatile path thereby lowering […]

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Buyer Activity Surges Due to Historically Low Mortgage Rates

Leave a Comment / 2020, All Agent Sites, coronavirus, Mortgage and Finance Blogs /

For the first time in almost five decades, the average 30-year mortgage rate fell below 3% this week, even amidst concern regarding the resurgence of the COVID-19 pandemic. In addition to the average 30-year mortgage rate falling, the average 15-year mortgage rate fell to 2.48%, which is the lowest it has been in almost 30

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What to Know About the New 2020 FHA Loan Limit

Leave a Comment / 2019, All Agent Sites, Mortgage and Finance Blogs /

The 2020 national conforming loan limit for Fannie Mae and Freddie Mac will be increasing from 2019’s $484,350 to $510,400; 115% of median home prices across the country.  The 2020 FHA loan limit is increasing by nearly $17,000 to $331,760 from $314,827, which is 65% of the conforming loan limit. HERA, otherwise known as the

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How to Compete Against All-Cash Offers

Leave a Comment / 2019, All Agent Sites, Buying a Home in Massachusetts, buying a home in new hampshire, Buying Process, Mortgage and Finance Blogs /

One of the more frustrating things to encounter when getting ready to make an offer on a home is coming up against someone that is paying all-cash. You may think you’re instantly out of luck, but that is not the case! If you’re a home buyer obtaining a mortgage, you can still compete and win

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Mortgage Rates at Highest Level Since 2011

2018, All Agent Sites, Buying a Home in Massachusetts, Buying and Selling, Buying Process, Mortgage and Finance Blogs /

Last week, the 30-year fixed mortgage rate climbed to the highest we’ve seen since May this year and this week it’s even higher.  These rates, which are inching to upwards of 5%, are making it more expensive for buyers to borrow thus diminishing what they can afford for a home. The booming US economy, higher

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The Art of the Price Adjustment

2018, All Agent Sites, home prices, lamacchia realty, Mortgage and Finance Blogs, Price Adjustment, price change, price improvement, Pricing Your Home, Real Estate News /

Price Adjustments: The Season is Upon Us The strong seller’s market that we have been seeing since January 1st is slowly transitioning into a buyers’ market at last.  We are currently in the short term balanced market, but before long, buyers will have the upper hand. Due to this shift, which we expected and predicted

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How to be Competitive against All-Cash Offers

All Agent Sites, buying, Buying a Home in Massachusetts, Buying a home in Southern New Hampshire, Buying Process, Cash, Compete against cash, lamacchia realty, Mortgage, Mortgage and Finance Blogs /

One of the more frustrating things to encounter when getting ready to make an offer on a home is coming up against someone that is paying all-cash. You may think you’re instantly out of luck, but that is not the case! If you’re a home buyer obtaining a mortgage, you can still compete and win

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