The Governor’s $250 million handout
Well, guess what, it’s not a handout. Everyone was up in arms this week over the Governor’s plan to help homeowners facing foreclosure. Here is the proposal: Governor Unveils $250M Foreclosure Fund Earlier this month, Massachusetts Governor Deval Patrick...Define “right”
From today’s Globe: Q: I am a loyal reader who should have taken your advice. When my adjustable-rate mortgage was recently “recast” to current interest rates, the unpaid interest was added to the mortgage principal balance. I now owe about 110...Heck on Earth, July 22, 2007
Apparently, a day of doom is scheduled for July 22, 2007 (next Sunday). The cause: non-traditional loans. Here’s the details (simplified as best I can): According to Lou Barnes, mortgage loan broker and syndicated columnist, last year, “the Federal Reserve...Mortgage loan rates go up as home prices stagnant and/or go down
A quick comparison for those of you thinking about buying today versus next year. Today: Buy a $500,000 home with a $450,000 mortgage loan (at 6.25% fixed-rate): $2,770 per month Next year: Buy the same home for $450,000 (you WISH – and hope) with a $400,000...Yay … boo.
Yay: The economy grew by a better-than-expected 132,000 jobs in June, and the job creation numbers for April and May were revised upward by a total of 75,000. Boo: By exceeding expectations, the job-creation numbers boosted bond yields this morning, and mortgage rates...Condo Listings by Neighborhood
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