WASHINGTON (AP) — Mortgage rates rose this week for the first time after six weeks of declines amid signs of strong economic recovery. Average rates for home loans remain historically low, however, at under 3 percent. Mortgage buyer Freddie Mac reported Thursday that the average for the 30-year mortgage jumped to 2.87 percent from 2.77 […]
Mass. home sales surge as prices hit record highs in June
Record-breaking home prices couldn’t keep buyers away from the real estate market in June. The median price of a Massachusetts single-family home reached $555,000 in June, according to real estate analytics firm The Warren Group. That’s a new all-time high, and a 26.1 percent jump over June 2020, when the median Massachusetts house was $115,000 cheaper. […]
Mortgage rates fall back down to 2.9%
The average 30-year fixed-rate mortgage fell eight basis points from the week prior to 2.9%, according to data released Thursday by Freddie Mac‘s PMMS. According to Sam Khater, Freddie Mac’s chief economist, last week’s dip followed the concurrent drop in U.S. Treasury yields earlier this week. “While mortgage rates tend to follow Treasury yields closely, other factors […]
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