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Massachusetts Mortgages (MA)According to The Boston Globe, home prices in Massachusetts are stabilizing, after escalating at the fastest rate in the nation over the past few years. The economy is still strong, and the price of housing has remained unchanged since a year ago. Analysts predict a steady real estate market in the state for 2006. Mortgage rates fell slightly in early April, making this a good time to purchase or re-finance a home in Massachusetts. Quick Massachusetts Housing factsPercent of Massachusians who own a home: 61.7%Percent of Renters in Massachusetts: 38.3% Median Massachusetts Household Income: $50,976 Best City to live in Massachusetts: Westwood, Massachusetts How much house can I afford in MassachuttesBecause of the high cost of housing, one of the biggest problems facing Massachusetts’s homebuyers is figuring out how much house you can afford. We have some great mortgage calculators that can help you figure how much home will fit into your monthly budget. If single family homes might be too expensive you might want to consider a condo.Some things to keep in mind when looking at condos are:
Refinancing in MassachusettsRefinancing is a great way to lower your monthly payments, and lock into a low fixed rate. We have noticed a strong trend recently of people refinancing ARM and Interest Only loans into Fixed Rate Mortgages (FRM). If you need this type of refinance or a cash out refi, let us know
This site is not a broker and does not collect or solicit mortgage applications. Content is for informational or comparison purposes only. Services are not available in New York. Products and services may not be available in all other states. |
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