As relates to the mortgage market there was little to no news this week. On my own personal front there was some big news. Here is an update on rates and please see below for the big news. The 2nd week of the year followed in the foot steps of the first. We continue to see rates/yields drop slightly in the bond markets. The official word is that the 30-yr mortgage rate broke another record at 3.875%. As you know I have been able to offer 3.75% for a while. The 3.875% is based on national…See More

The Newburyport Current recently reported that the John Greenleaf Whittier Bridge on Route 95, spanning the Merrimack River from Amesbury and Newburyport, is set to be replaced in a state project aimed to stat in the spring of 2013.  The project is one of the state highway department of transportation’s largest under the $3 billion Accelerated Bride Program. The 60-year old bridge will be replaced with a four-lane highway with a shared-use path for bikers and walkers called the Whittier Trail.…See More

The median price and sales of condominiums in Cambridge, Massachusetts increased in November 2011. Data were compiled using MLS Property Information Network, Inc, a local multiple listing service.The median price of condominiums increased 1.0 percent in November 2011 compared to the previous year, a…See More