Boston Massachusetts Mortgage Rate Update is a resource for potential Homeowners and current Mortgage Borrowers to understand what economic data is relevant and what the situation is with mortgage Interest Rates. Brian Cav will provide a opinion as to whether you should lock or float your Home Mortgage.

Click here for the Massachusetts Housing Economic Report from MLS

I think this Wall Street Journal article gets right to heart of the matter regarding the revival of the housing market, its about real job growth. Here are a few excerpts: …it is disheartening given how much support the government has provided to housing. Besides the tax break, the government has propped up banks, troubled [...]

The Boston Herald reported on how two Newbury Street buildings have sold recently for one-third less than three years ago. An excerpt form the Herald: A joint venture of UrbanMeritage and Taurus Investments purchased 111-115 and 127-129 Newbury for $17.5 million – 32 percent lower than the $25.6 million paid in 2007 by Kimco Realty [...]

Banker & tradesman reported yesterday that foreclosure petitions fell 9.4 percent: Foreclosures petitions, which mark the first step in the foreclosure process in the Bay State, fell 9.4 percent to 2,110 from 2,329 in May 2009 and were also down 13.2 percent from 2,431 in April. A total of 11,118 petitions to foreclose were filed [...]

Okay, you Saturday Night Fever fans. This Massachusetts home located in Essex County is ideal for you. According to the MLS listing sheet the disco ball is included in the sale. If you don’t like to dance, you can play some hoops and have a drink at the bar afterwords. 221 N. Main Street Middleton, [...]

This is the first month that the MA Association of Realltors index has reported a decrease in optimism about Massachusetts home prices home prices since June 2009, the association said, and the drop was likely caused by the expiration of a federal tax credit designed to encourage home purchases. Read More from the Boston Globe

From Unversal Hub: The Patriot Ledger reports the woman is charged with getting her son and a couple of alleged accomplices to throw the man head first through a second-floor window because he hadn’t paid his rent.

According to real estate website Redfin, a luxury property hit the D.C. market this weekend: 1600 Pennsylvania Avenue, “for sale by owner” for $10,000,000. They’ve since removed the listing, but it was reported by several news agencies and real estate blogs. Here’s the erroneous listing. Click image to enlarge. After the mistake was revealed, Redfin [...]

A major barrier to a full housing recovery is access to mortgages, according to Laurie Cadigan, president-elect of the Massachusetts Association of Realtors. Read more from the Boston Herald Are you looking to obatain a mortgage? If so please share with us your experience.