Lower Interest Rates

BUYERS COMING BACK INTO THE MARTHA’S VINEYARD MARKET

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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