Osterville, MA Real Estate News

I see this every day and I am sure I am not alone With all the turmoil that we have seen in the last few months, I am still shocked by the requests I still see. customers are still looking for 100% No Doc loans on investment properties, with negative cash flow no money in the bank and bad credit at a super low rate. They can't believe they I  don't offer that loan--- they saw on the Internet or their "friend" got last year. These unsound lending practices are not in our clients best interest even the customer they thinks that they are. The increased competition and the perception at any loan is available to anyone at anytime allows unscrupulous Internet lenders to prey on peoples greed has create an environment where the borrowers never hear the work no. We need to advise our clients in...
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By James Hoben
The Fed made no move to either cut or raise the Fed Funds Rate and spoke in its statements of " a sustained moderation in inflation pressures has yet to be convincingly demonstrated"  This reads that the Fed board of Governors are still concerned about rising inflation and less concerned of a economic down turn. We do not expect this statement or move to have a signification short term effect on home interest rates. Read the full statement here
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Osterville, MA Real Estate Professionals