Loan refinancing activity has boomed recently. Nearly 19,000 MA single-family home loan refis were recorded in February.

That’s a 22 percent increase from a year earlier and a huge improvement from late summer and fall.

Refi activity slumped from August to December when there were fewer than 10,000 refis a month, according to The Warren Group.

In January, the numbers jumped, with a total of 13,547 single-family home loan refis. In February, that number climbed to 18,952 – almost triple what it was in November.

Low mortgage interest rates are luring more homeowners to refinance.

Federal efforts to enable property owners who have a high loan to value ratio to take advantage of the attractive rates could also boost refi activity.

Not surprisingly, purchase mortgage activity has been on a downward trend since last June as home sales declined.

A total of 1,485 purchase mortgages for single-family homes were recorded in February, the worst February in at least five years.

About 20 percent fewer loans were recorded in February than a year earlier.

Source: Warren Group

Author Profile

John Ford
John Ford
EXPERIENCE

Over the course of 20 years in the Boston downtown real estate market, John represented and sold numerous, condominiums, investment and development properties in Greater Boston and in the surrounding suburbs



In addition to representing Boston condo buyers and sellers, John is currently one of the most recognized Boston condo blog writers regarding Boston condominiums and residential real estate markets. John's insights and observations about the Boston condo market have been seen in a wide variety of the most established local & national media outlets including; Banker and Tradesman, Boston Magazine The Boston Globe, The Boston Herald and NewsWeek and Fortune magazine, among others.



HISTORY

For over 24 years, John Ford, of Ford Realty Inc., has been actively involved in the real estate industry. He started his career in commercial real estate with a national firm Spaulding & Slye and quickly realized that he had a passion for residential properties. In 1999, John entered the residential real estate market, and in 2000 John Started his own firm Ford Realty Inc. As a broker, his clients have come to love his fun, vivacious, and friendly attitude. He prides himself on bringing honesty and integrity to the entire home buying and selling process. In addition to helping buyers and sellers, he also works with rental clients. Whether you’re looking to purchase a new Boston condo or rent an apartment, you’ll quickly learn why John has a 97% closing rate.

AREAS COVERED

Back Bay

Beacon Hill

Charles River Park

Downtown/Midtown

North End

South End

Seaport District

South Boston

Waterfront

Brookline

Surrounding Communities of Boston
Contact
John Ford and his staff can be reached at 617-595-3712 or 617-720-5454. Please feel free to stop by John's Boston Beacon Hill office located at 137 Charles Street.




John Ford
Ford Realty Inc
137 Charles Street
Boston, Ma 02114

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