Boston Real Estate: Will low downpayments on Boston condos for sale create another bubble? | Boston Condos For Sale Ford Realty
Some are afraid the Boston real estate market may be looking a lot like it did prior to the housing crash in 2008. One of the factors they’re pointing at is the availability of obtaining mortgage money with a low downpayment on a Boston condo for sale. Recent articles about the availability of low-down payment loans and down payment assistance programs are causing concern that we’re returning to the bad habits of a decade ago. Let’s alleviate the fears about the current mortgage market as it pertains to Boston condos for sale. The Mortgage Bankers’ Association releases an index several times a year titled: The Mortgage Credit Availability Index (MCAI). According to their website: “The MCAI provides the only standardized quantitative index that is solely focused on mortgage credit. The MCAI is…a summary measure which indicates the availability of mortgage credit at a point in time.”
Sourced through Scoop.it from: www.bostonreb.com
Leave a ReplyWant to join the discussion?
Feel free to contribute!