Mortgage rates have once again dipped below 3 percent.
The average for a 30-year fixed loan was 2.99 percent, just off the record low set two weeks ago, Freddie Mac said in a statement Thursday. Rates had ticked up to 3.01 percent last week.
Mortgage rates started sliding to record lows in March as the Covid-19 outbreak roiled financial markets. The low borrowing costs have pushed more buyers to look for homes, fueling a housing recovery that’s been a bright spot in an economy battered by the pandemic.
The homeownership rate surged in the second quarter to the highest level since 2008, with first-time buyers helping fuel the jump.
In June, pending home sales soared 16.6 percent to the highest level since 2006. Continue reading at realestate.boston.com.
Homebuyers: For access to all listings and to find a homebuyers real estate agent that will represent only your interests call 800-935-6222 or click the button below to connect with MABA. At MABA we got you!
FIRST TIME HOMEBUYERS
First Time Home Buying in Massachusetts
MABA Buyer Agents help first time home buyers reduce the stress and frustration normally associated with buying a home or condo – especially for first time home buyers.
As a first time homebuyer in Massachusetts, you can turn to our non-profit organization to help you understand and navigate the complexities of the entire Massachusetts real estate transaction, from mortgage pre-approval until you are handed the keys to your new home or condominium. Each of our member buyer's brokers and agents works only for their buyer-clients and never for the seller of the home or condo that their buyers want to buy.
MABA Buyer Agents will take the time to learn about you and your real estate goals, help you understand your options, including first time home buyer programs, properties and/or condominium associations, estimate real property values and put together a negotiating strategy to help you increase the odds of getting your offer accepted in our competitive Massachusetts real estate market. After advocating to get your offer accepted, your MABA buyer's agent will be there for you at your home inspection and help you protect your deposit through the inspection, purchase & sale and financing contingency periods.
You can buy your first home or condo with confidence knowing that your MABA buyer agent is committed to saving you time and money and helping you make your best home buying decision.
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Article From: "Boston.com Real Estate" Read full article
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