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Boston REB — a blog in desperate need of attention

Few posts, tomorrow, because I am in NYC attending the “Blogfest” holiday party.

I have a bunch of entries, ready to post.

Hopefully, will have time.

I expect to see a matinee, either Spring Awakening, Little Dog Laughed, or Grey Gardens (or Mary Poppins!), so time will be short.

What’s on your mind?

Read other posts about: Boston real estate condos news

Posted by admin on 12/13/06 |
| Leave a comment »

No Responses to “Boston REB — a blog in desperate need of attention” »»

  1. Chilipepr
    Comment by Chilipepr | 12/13/06 at 7:35 am

    John, I would

    be curious to know what you are seeing people take on for mortgages. I know you mentioned that you

    have a fixed rate mortgage…. Do you see people in Boston taking on Fix Rate, ARM or Option/ARM

    mortgages?

  2. Condo Blog
    Comment by Condo Blog | 12/13/06 at 2:46 pm

    90% ARM’s in Boston. I was a

    top mortgage banker in Boston the past 4 years and did at one time almost a 20% market share in the

    downtown market. Our internal statistics for downtown condo buyers were taking ARM’s betwee 5 and

    10yr mostly. I have run with the expansion of condoDomain.com however you can still reach the

    Condo Loan team at http://www.CondoMortgageGroup.com (a NYMC Team). (option arm = bad…stay away!)

  3. Chilipepr
    Comment by Chilipepr | 12/14/06 at 9:08 am

    well.. at least it is not option/ARM’s… and they will not

    reset for 5-10 years instead of 1-3… could help the market a bit.

  4. John K
    Comment by John K | 12/14/06 at 10:18 am

    I don’t think there is any compelling reason to take on an ARM, at this

    point. Go with the fixed.

    I have never been that involved in what my clients’ end up doing

    in regard to financing.

    I assume they are all getting into fixeds.

    Or, paying cash!

  5. DaveL
    Comment by DaveL | 12/14/06 at 10:57 am

    Do you know of any way online to

    see the outstanding mortgages on a specific location?

  6. Condo Blog
    Comment by Condo Blog | 12/14/06 at 12:39 pm

    Hmm. No DaveL…but there has to be a way as it would be public

    information. Try to search Suffolk Deeds.

    John – come home …you live in Boston not in

    NYC.

    And Get an ARM…NOBODY LIVES IN A HOUSE 30 YEARS ANYMORE…FORGET ABOUT A 800SQ/FT

    CONDO…so even if you are only saving $100/month…get it…its free $$$. Fixed rates are OUT!

  7. decor8 Holly
    Comment by decor8 Holly | 12/14/06 at 6:52 pm

    I hope you had a great time at the

    party!!!

    Great blog, found you via Design Boston!

    Holly

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