MA Attorney General Martha Coakley to take on Bad Lenders
Martha Coakley is stepping into the mortgage mayhem on behalf of her constituents. On Oct. 18th, the Boston Globe reported that Massachusetts Attorney General Martha Coakley will file a lawsuit against mortgage lenders who have abused their power. The lenders have not been named nor has their been a date set for the suit. There [...]
WSJ Calls for Focus on Housing
In the end, it all comes down to that new house. That’s what a recent blog post on the Wall Street Journal says, and adds that without a stronger focus on the housing sector, the United States may not move out of the recession so easily. The piece acknowledges the Fed’s recent rate change will [...]
Mortgage Rates Fall Below 4 Percent for the First Time
For the first time in America’s history, the average rate of a 30-year fixed mortgage dropped to just under 4 percent. The rate on 15-year fixed loans also dropped to a record 3.26 percent. These exceptionally low levels provide an excellent opportunity for consumers with previously high interest rates such as rates between five and eight [...]
2010 Home Sales May Peak Early
Late spring and early summer are usually thought of as the ideal times to list a home, especially when it comes to Boston real estate. As the snow disappears and flowers begin to bud, homes tend to show better and are ready for the increase in buyer demand come June, July and August. Many Boston [...]
