Everything to do with Real Estate is hyper-local. When it comes to Arlington, Cambridge, Lexington, Medford, Somerville, Winchester, our market looks very different from the national landscape. But what about mortgages? Luckily, we get to enjoy super low rates like the rest of the country, without plummeting prices!

When researching mortgage rates and different payment scenarios, there is one resource you definitely want to bookmark: Freddie Mac

Although Fannie and Freddie have both gotten a bad rap lately with the foreclosure meltdown, you can’t beat the resource they provide online. While many mortgage companies provide information about rates, the market, and other real estate topics, you just can’t beat this one for following rates! When someone tells you ‘rates are at an all time low!’ you need a resource to compare past rates too, not a site that only shows you what the rate is now.

Here are some key features of this site that most others don’t have:

• Fixed, ARM rates, and a snapshot of last year: Click Here
• If you’re REALLY into the market and trends, this section will give you very interesting information!
• The calculators and tools cannot be beat!

Be careful when looking at market trends and information, as our local market is quite different than the national market. As always, if you have questions about a certain neighborhood and what a mortgage would cost per month in a certain area, we can certainly help you find out. To learn more about our local market, contact us today to schedule an appointment, and we can answer all of your questions, via phone or in person!