There are 4 blog entries for March 2011.
Mortgage Rate Watch
The spring market is officially here and the good news is that fixed rate mortgages are still hanging in the 4’s. Weekly jobless claims were slightly better than expected, down 5K to 382,000. Weekly claims continue to decline slowly, nevertheless it is a plus for the economic outlook. Here are today’s rates… 30 YR Fixed
- 4.875% 0 points
- 5 YR ARM 3.375% 0 points
- 15 YR Fixed 4.25% 0 points
Did you know that you can purchase a home putting down 5% and not have to pay PMI? If you would like to discuss in further detail, please feel free to give me a call!
Mortage Rate Watch
Mortgage rates are likely to remain in their slow-rise pattern, either staying close to where they are now are or edging higher slowly. However, right now there are lots of bond friendly things happening, too soon to say for sure but the elements are in place to have a bond rally which could improve rates. The world unrest, European economic meltdowns, Japan contracting, Bank of England holds rates and the stock market may finally be correcting. A lot of reasons to buy bonds indeed. It’s still a very good time to lock in attractive rates.
- 30 YR Fixed Rate - 4.875% 0 points
- 5 YR ARM - 3.5% 0 points
- 15 YR Fixed Rate - 4.25% 0 points
Today I wanted to update you on some of the current and future projects in South Boston's West side. The area has seen a tremendous amount of development in the last several years as many vacant lots and old warehouses have been developed.
361 West Broadway (Pictured Above - Dewberry Dogs on 1st Floor) The landlord/owner of this property has added 4 stories to this property which will house 10 new apartments. There are currently 2 units listed on MLS for $2,200-$2,300. According to MLS, the apartments will be available for occupancy April 1st, 2011. The finishes look decent, but they are certainly not luxury condos.
348 West 2nd Street (Across from Trolley House between E & F Street) This lot previously had an old warehouse which was torn…