MARTHA'S VINEYARD HOUSING MARKETAre you concerned about inflation and mortgage rates and how they might impact your plans to buy a home in Martha's Vineyard? Understanding the recent decision made by the Federal Reserve (the Fed) can shed some light on the situation. Here's what you should know. INFLATION AND THE HOUSING MARKET Despite the Federal Reserve's efforts to control inflation, recent...
Introducing "the Islander" Exclusive mortgage Program by one of our trusted lending partners! Are you a YEAR-ROUND MV RESIDENT thinking of buying a new home, but are waiting because you currently don't have enough savings to reach that 20% down-payment goal to avoid paying Mortgage Insurance? Don't worry, there is a new mortgage program that can help you make your dream of homeownership a reality!...
rates are beginning to come down—and buyers are starting to reenter the market. In fact, the latest data from the Mortgage Bankers Association (MBA) shows mortgage applications increased last week by 7% compared to the week before. And here on the Island, local banks like Cape Cod 5 have been publishing rates under 6% for a 30 year fixed loan.
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