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Archive for March, 2008


Mortgage loan activity jumps … mostly refinances

Maybe people do pay attention when stuff like this happens?
Mortgage application volume jumped 48.1 percent last week following the Federal Reserve’s move to cut two key short-term interest rates, the Mortgage Bankers Association reported today.
According to MBA, the seasonally adjusted increase was led by an 82.2 percent spike in the index that tracks refinance applications, [...]



Hancock Tower: the seat of evil

Hilarious!
In the final episode of Jericho, the CBS post-apocalyptic drama (just recently canceled), Boston’s John Hancock Tower is used as the “seat of evil” - the world headquarters of “Jennings & Rall”.

- click through for full-sized image
From the ArchBoston.com forum



McCain to borrowers: Drop Dead

BAM!!
Take that, Mrs. “$30-billion bailout” Lady.
Republican presidential candidate John McCain on Tuesday criticized government intervention that bails out banks and borrowers who made poor decisions.
“I have always been committed to the principle that it is not the duty of government to bail out and reward those who act irresponsibly, whether they are big banks or [...]



This is a promise. And, a threat.

I’m not shaving until I get another client!



You want to sell your home? Lower the price.

Tip for sellers, out there.
Conventional wisdom says, if your agent has shown your home eight to 10 times with nary a sign of any offer, then it should be clear: you need to lower the price.
Seriously, a lot of times sales agents won’t even have that conversation with their clients. Afraid of bringing up [...]



Daily Hot Sheet, 3/25/2008

Here is the condominiums and single-family homes activity for the past twenty-four hours, within “Boston Proper”, meaning South End, Back Bay, Beacon Hill, Midtown, North End, Waterfront, Leather District, Ladder District, Seaport District (their terminology, not mine), Chinatown, The West End, and The Fenway.
New: 11
Price change: 8
Back on market / reactivated / extended: 1
Withdrawn / [...]




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Recent comments

  • Bradley, Beacon Hill Condo Developer: My prediction: With O & H at the helm, they’ll be sold by March…. May at the latest. I would conservatively guess at least...
  • Jen, Did you refinance your Mortgage?: I refinanced my mortgage last month. It was a 30 yr fixed to another 30 yr fixed at a lower rate. The process took a little less than 3...
  • John Ford, Economist made a mistake?: Confused, how does that syaing go “to err is human to forgive devine.”
  • confused, Economist made a mistake?: Gee, you think he’ll give the money back to all the people who bought his book…or better yet all who bought at the top who...
  • john Ford, Did you refinance your Mortgage?: Mark, thanks for your insights. Keep me posted if you see any trends in the mortgage market place.
  • Mark, Did you refinance your Mortgage?: Hi JohnF, I am a mortgage broker in Stoneham and I can say that most lenders are backed up big time! Some of the lenders that I work with...
  • BS, Back Bay Parking : My place wants between $40k-$45K in covered attached sub-garage. At 30K I would do it just to add value to the apt on resale.
  • Hrmm!, Back Bay Parking : not that much when you realize a resident sticker costs you nothing but a short walk for your fat ass.
  • JFord, Boston condo listing: I can’t say either way. Please note, it wasn’t me that said it was the largest in the city it was the listing broker.
  • Anon, Boston condo listing: 15×30 is a nicely sized roof deck, but it is hardly the largest in Boston.