Mortgage Rates Fall… Again

From the Warren Group press release:
Foreclosure activity in Massachusetts dropped significantly during the month of March, according to the latest report by The Warren Group, publisher of Banker & Tradesman. The number of foreclosures initiated by lenders plummeted almost 60 percent from a year earlier.
Lenders filed 1,048 petitions to foreclose in March, a 59.4 percent [...]

Here’s a blast from the past: The old Digital Equipment site in Maynard is going to be sold off in a foreclosure auction.
The multi-building campus reportedly still has hundreds of thousands of square feet of office and high-tech manufacturing space.
We’ll take them at their word, but a recent drive by the property didn’t exactly leave [...]

We sure would have loved being a broker on this deal.
A billionaire from the Ukraine has been identified as the buyer of a $221 million abode in London. Check out the link to see what $221 million gets you these days. We suspect the broker is also upgrading his or her lodgings soon.
File under: [...]

Former Boston Red Sox MVP Mike Lowell has sold his condominium at Boston’s The Residences at The Ritz-Carlton for $1.75 million.
The property at 2 Avery St. Unit 34A/B was purchased by Boston Taz LLC, according to the Suffolk Registry of Deeds website.
The 1,880-square-foot condo overlooking the Boston Common has three bedrooms and two parking [...]

This Post will talk about the upcoming weeks Economic Data and how it will affect current Mortgage Rates

Here’s a good piece on appraisers’ fees.
The issue is not what appraisers charge. It’s what is added by others on top of their fees. There seems to be a lot of middlemen.

Comparing Boston Charlestown condo sales stats from Jan 1st – April 17th for 2011 and 2010:
Boston Charlestown Condo sales:
Number of Boston Charlestown condo sales from Jan 1st – April 17th 2011 – 50.
Number of Boston Charlestown condo sales from Jan 1st – April 17th 2010 – 56.
———–
View all Charlestown condo sales

Boston Waterfront condo sales stats from January 1st – April 17th.
Boston Waterfront condo Sales Jan 1st – April 17th:
Number of Boston Waterfront condo sales from Jan 1st – April 17th 2011 – 28
Number of Boston Waterfront condo sales from Jan 1st – April 17th 2010 – 32
———-
Average Boston Waterfront condo sales price Jan 1st – [...]

Comparing Boston Seaport condo sales 2010 with 2011. (Jan 1st – April 17th)
Number of Boston Seaport condo sales 2010 – 27.
Number of Boston Seaport condo sales 2011 – 18
———–
Average Boston condo seaport sales price 2010 – $624,037.00
Average Boston cond0 Seaport sales price 2011 – $687,194.00
———–
Median Boston condo Seaport sales price 2010 – $524,500.00
Median Boston condo [...]