16th Sep, 2008

Good news for first time home buyers

Categories: Market


Mortgages  article by Chris Kissell • Bankrate.com


When the Federal Reserve meets, we all have questions: What does it mean to me? Will my mortgage rate go up or down? Is this a good time to refinance? Bankrate is here to help. We’ve looked at five categories — mortgages, home equity loans, auto loans, credit cards and certificates of deposit — to determine if the Fed’s moves made you a winner or a loser. Here’s a look at mortgages:


read more …..  Winner: First-time homebuyer

 

Mortgage rates have plunged suddenly — but not because of any action by the Federal Reserve.

Instead, it was the federal government’s decision to take over struggling mortgage giants Fannie Mae and Freddie Mac that sent rates down.

Thanks in part to these lower mortgage rates, first-time homebuyers who scrape together a substantial down payment may be looking at the buying opportunity of a lifetime, says Bob Walters, Quicken Loans chief economist.

“(For) first-time homebuyers, it’s the most incredible opportunity in the world,” Walters says.    

 

131 Green Street #306

Jamaica Plain, MA 02130

 

Fully loaded penthouse 2 bedroom unit at CityGreen Condominiums with vaulted ceilings, skylight and dramatic gas fireplace.

 

2 Bedroom     2 Bath     Asking  $484,000

Gourmet Kitchen   

Top Floor Floor Through

Front and Rear Porches

2 Parking Spaces

1045 square feet

 

Condo fee: $377/month   Includes heat, snow removal, landscaping, insurance, water & sewer, hot water, extra storage, maintenance, and reserve funding.        

    

Taxes:     $4,981    FY 2009  - not including Residential Exemption 

 

Granite / stainless Bosch kitchen, hardwoods throughout, central AC. 

Washer Dryer in unit. 

Adorable balcony with park view. 

Only 1 year old, this gently lived-in 3rd floor walkup condo is in a great commuter location, only steps to Sumner Hill, Centre Street and a short walk to the Pond. 

The MBTA Orange Line is at the front door and the # 39 Bus to Longwood Medical / Copley Sq. is just up Green Street.

Pet Friendly l! 

Oversized Storage Closet

 

call or email for appointment

 

Contact : Arthur Rawding   617.359.7373 cell

 

Otis and Ahearn Real Estate

200 Newbury Street

Boston, MA 02116

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3 Gloucester Street, #9

Boston, MA 02115

 

REDUCED PRICE $389,000

 

 

1 bed

1 bath

529 square feet

 

Adorable, corner 1 bed with three exposures in the heart of the Back Bay. Features include high ceilings, large east facing bedroom with two generous windows - both with treetop views ! The classic bow front living room facing Gloucester Street is flooded with afternoon light and includes a handsome fireplace and stone mantle. This is a third floor walkup. VACANT, 

easy to close quickly.

 

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992 Centre Street, Jamaica Plain MA 02130

 

RENTED UNTIL APRIL 09

 

Oversized 1 bed, duplex condominium in historic Carriage House at the Adams Arboretum Estate, bordering the Arnold Arboretum.

 

973 Square Feet

 

Deeded Parking

 

This stunning carriage house unit is set back from the road and is located in a gorgeous, landscaped estate. 

 

The LR of this dramatic space leads to a private deck and is situated among acres of woodlands with direct access into the Arnold Arboretum. 

 

Other features: oversized lofted 1 bed, very sunny, high ceilings, renovated kitchen, open floor plan, potbelly fireplace and washer dryer in unit. 

 

Condo fee includes heat, and use of the resort like tennis courts and heated outdoor pool.

 

Call or email for appointment ~  artrawding@comcast.net

 

Art Rawding

Otis and Ahearn Real Estate

200 Newbury Street

Boston, MA 02116

 

 

 

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SOLD

7 Parkton Road #3

Jamaica Plain, MA 

 

3 Bedroom     1 Bath     

1260 Square Feet

  

Gourmet Kitchen   

Top Floor Floor Through

Front and Rear Porches

 

LOW CONDO FEE, LOW TAXES & GREAT PRICE MAKE THIS A TRUE VALUE! 

 

Condo fee: $110.00/month Includes Water, Sewer & Master Insurance      

Taxes: $1,912/year FY 2008 after Residential Exemption

Penthouse three bedroom with formal dining room, loaded with old world charm plus outside space with great views and privacy. Magnificent, luxurious chef’s kitchen with custom Cherry Cabinetry, Jenn-Air Side-By-Side Refrigerator and Cooking Station with gas cooking, Thermador Convection Oven, Soapstone Counters with a tile backsplash and Farmer sink.

This delightful Pondside Neighborhood of Jamaica Plain is just steps away from shopping, restaurants and public transit ~  the 39 Bus to Copley Square and the Longwood Medical Area is very close by.

 

call or email for appointment

 

Contact : Arthur Rawding   857-719-2277 cell

 

Otis and Ahearn Real Estate

200 Newbury Street

Boston, MA 02116

 

 

OtisAhearn.com for our exclusive properties and all area listings.dscn0048.jpgdscn0051.jpgdscn0058.jpgdscn0074.jpgdscn0095.jpgdscn0177.jpgdscn0194.jpg 

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