Warren Residential Group Blog – Boston Real Estate Blog

Clients always ask me about mortgages.  They ask:  What is the current rate?  How much of a loan can I get?  Etc., Etc.  Well, the answer is that there really is no one answer for those questions.  There are so many variables that come in to account that it is impossible to give solid answer.  [...]

We at Warren Residential Group are proud to announce our partnership with Christina Longo - Sr. Loan Officer at Prospect Mortgage Company.
We partnered with Christina/Prospect Mortgage because she has shown us – even in this changing credit environment - that she is a valuable resource to our clients and at Warren Residential Group it a priority that our clients [...]

This is in thanks to Brian Cavanaugh at Wells Fargo:
I am a regular participant in the Bankrate.com Mortgage Rate Trend survey and this week’s survey may point you in the right direction.
The Bankrate.com survey is for conforming mortgages only. It is not specific to Cincinnati, nor does not apply to FHA mortgages, VA mortgages, jumbo [...]

According to Zillow.com, Massachusetts borrowers are getting the second highest interest rate on 30-year fixed mortgage in the country.  Ohio finished worst with 5.39 percent compared to the Bay State’s 5.36%.  The national average is 5.26%.

Brian Cavanaugh from JP Morgan Chase just emailed me announcing that conforming loan limits are going to be going up in high price areas of Massachusetts.  This will significantly effect mortgage rates for Boston borrowers in a positive way.
Here are the new limits:

Suffolk, Essex, Middlesex, Norfolk, Plymouth County
$523,750-
Barnstable
County $462,500-
Bristol County
$475,000-

Nantucket and Dukes County $729,750-

It still [...]

Looking to buy a Boston Condo?  Well, if you have good credit, a stable job, and a decent down payment then this might be one of the best times to do so.  Rates are currently around 5% for a 30 year fixed conforming loan which is amazing but it could get even better.
Rumor has it [...]

Mortgage Rates at all Time Low
The link above will take you a video on CNBC.com talking about how mortgage rates have hit an all time low.  There is word on the street that some lenders are offering 30 year fixed mortgages at 5.0% with 1 point origination fee (1 point is equal to 1% of [...]