Residential Real Estate

Market Embraces Workforce Housing

Market Embraces Workforce Housing

MassHousing launched the nation’s most ambitious state-level initiative specifically aimed at building middle-income affordability because we saw the housing market struggling to respond to the housing needs of Massachusetts’s working families.

Baker Administration Awards $72M To Create, Rehab And Preserve Nearly 2,000 Homes

Earlier this week, Gov. Charlie Baker announced $72 million in housing subsidy funds and additional state and federal tax credits to 25 projects in 17 communities for the creation, rehabilitation and preservation of 1,970 housing units across the commonwealth, including 402 units reserved for very low-income families and families making the transition out of homelessness.

Mortgage Rates Drop Again

Mortgage Rates Drop Again

Following a mild decline last week, the 10-year Treasury yield rose 1 basis point this week. The 30-year mortgage rate similarly remained relatively flat, falling just 1 basis point to 3.89 percent. Mortgage rates are continuing to hold at low levels amidst ongoing economic uncertainty.

Loan Delinquencies Approach 10-Year Low In May

The share of mortgages nationwide that went from current to 30-days past due was 0.8 percent in May 2017, compared with 0.9 percent in May 2016 and approaching a 10-year-low, according to a recent report from CoreLogic, a global property information firm.