When rates fell in December after a steady climb last fall, the National Association of Realtors (NAR) saw an 8% jump in pending home sales that month.  When rates rose again slightly this past winter, the volume of home sales decreased as well, although historically the winter is a slower time in the housing market.  In response to the banking crisis, rates fell to 6.57% this week for a 30-year fixed rate mortgage.  You can read more here on CNBC.com.

Chris Devin and The Devin Group at Cross Country Mortgage are consistently in the top 1% of mortgage brokers in America.  He recently provided his insights on the rate environment in our current geopolitical landscape:

If you are considering buying a home this spring, I've put together a list of important steps to follow in order to ensure a seamless transaction - one of them is to work with a team of the industry's leading professionals including lenders, attorneys, inspectors and more.  You can read the complete guide here.

With inventory still very low, the spring market promises to be very competitive.  Coupled with the evolving financial landscape, it is more important than ever to work with an agent who has lots of experience and a track record of success.  My team and I have a combined 50+ years of experience in the Greater Boston market with over $1 Billion in Real Estate sold.  If you're thinking of buying, contact me to get started.

Posted by Lisa Ferro on
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