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 […]
Boston sees the 4th-highest jump in home prices in the US
WASHINGTON (AP) — In March, US home prices jumped by the most in more than seven years as an increasing number of would-be buyers compete for a dwindling supply of houses. The March S&P CoreLogic Case-Shiller 20-city home price index, released Tuesday, rose 13.3 percent from a year earlier, the biggest gain since December 2013. That […]
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