Many Boston Home Buyers Scramble for Mortgage Loans

imageHome buyers know too well the down side of the rising mortgage interest rates. They have been in love with the rock bottom rates which have significantly increased their purchasing power. The rising interest rates have sent some buyers into a panic rushing around trying to find a piece of property to sign their names on before the Fed bankrolled gravy train ends. Boston home buyers are not the only ones scrambling to protect their backsides as the rates start to climb, the bankers are too. Unfortunately, the buyers may soon find that mortgages, which are already hard to come by, may also get tougher as rates head back up. Higher rates may eventually boost mortgage lending, as rates begin what is likely to be a long, slow rise, the banks may start tightening up on their lending.

VN:F [1.9.22_1171]
Rating: 0.0/10 (0 votes cast)
VN:F [1.9.22_1171]
Rating: 0 (from 0 votes)
This entry was posted in Market Analysis, Real Estate and tagged , , by Maxwell. Bookmark the permalink.

About Maxwell

MAXWELL@BOSTONLUXE.COM • CELL: (617) 543-7754 • OFFICE: (617) 267-4600 Maxwell Burke began his real estate career nearly 20 years ago doing appraisals with his father in Southern California and Northern Texas. He grew up in a family environment so oriented towards investment and real estate that to call his upbringing entrepreneurial would be a disservice. From his grandfather's multiple developments ranging from British Columbia down into Southern Mexico to his uncle's holdings in Portland, Oregon, Maxwell has been given a view not just of Boston real estate, but of American real estate. Maxwell and Drew Abysalh met in 2009 and increasingly consolidated their business models together culminating in their partnership in 2011. With over 300 real estate deals under his belt ranging from a standard rental to a $1.5 million condo conversion, Maxwell is a tremendous resource to help you realize your real estate dreams. Welcome to Boston Luxe - it's a pleasure to meet you. Google