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 […]
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 […]
Greater Boston ranks 7th in the US for the most million-dollar homes
In a nation where only 4.27 percent of owner-occupied properties in the top 50 metros are valued at $1 million or more, Boston has the seventh most, a study released June 9 indicates. How common million-dollar homes are can vary significantly from metro to metro, according to the study, conducted by LendingTree. For example, 47.29 percent of […]
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